Walgreens Boots Alliance (NASDAQ:WBA) Stock Price Down 1.8%

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) were down 1.8% during trading on Monday . The company traded as low as $11.04 and last traded at $11.06. Approximately 3,862,143 shares changed hands during trading, a decline of 74% from the average daily volume of 14,784,484 shares. The stock had previously closed at $11.26.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WBA shares. JPMorgan Chase & Co. cut their price target on Walgreens Boots Alliance from $30.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Royal Bank of Canada cut their price target on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 2nd. Truist Financial lowered their price objective on Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, June 28th. TD Cowen lowered their price objective on Walgreens Boots Alliance from $35.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 1st. Finally, Morgan Stanley lowered their price objective on Walgreens Boots Alliance from $13.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Walgreens Boots Alliance has an average rating of “Hold” and a consensus price target of $17.71.

Walgreens Boots Alliance Stock Up 4.4 %

The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $15.56 and a 200 day simple moving average of $19.43. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of -1.65, a PEG ratio of 0.76 and a beta of 0.72.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. The firm had revenue of $36.40 billion during the quarter, compared to analyst estimates of $35.94 billion. During the same period last year, the business posted $1.00 EPS. The company’s revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that Walgreens Boots Alliance, Inc. will post 2.87 earnings per share for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.88%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently -14.84%.

Insider Buying and Selling at Walgreens Boots Alliance

In related news, Director Inderpal S. Bhandari bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were bought at an average price of $18.05 per share, with a total value of $54,150.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at $54,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WBA. Highlander Capital Management LLC purchased a new position in Walgreens Boots Alliance in the fourth quarter worth $26,000. Pineridge Advisors LLC bought a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at $26,000. Venturi Wealth Management LLC raised its stake in shares of Walgreens Boots Alliance by 1,241.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,060 shares of the pharmacy operator’s stock valued at $28,000 after buying an additional 981 shares during the period. Rocky Mountain Advisers LLC bought a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at $30,000. Finally, Quest Partners LLC bought a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.