Thursday, 23 November, 2017

Walgreens Boots Alliance (NASDAQ:WBA) Loses "Outperform" Rating

Conrad Doyle | 14 November, 2017, 12:20

(NasdaqGS:WBA) is 23.0151. The Volatility 6m is the same, except measured over the course of six months. Sell-side firms now have a consensus recommendation of 2.20 on the shares. It represents the location of the previous close relative to the price range over a set number of periods.

Other hedge funds also recently bought and sold shares of the company.

Shares of Walgreens Boots Alliance, Inc.

Shares of Fitbit, Inc. LS Investment Advisors LLC now owns 68,414 shares of the pharmacy operator's stock worth $5,682,000 after acquiring an additional 9,331 shares during the last quarter. Founders Capital Management acquired a new stake in shares of Walgreens Boots Alliance in the first quarter valued at approximately $161,000.

Shares of New York-listed Walgreens Boots Alliance (NASDAQ:WBA) Have been downgraded by analysts at Leerink Swann. Zurcher Kantonalbank Zurich Cantonalbank now owns 334,761 shares of the pharmacy operator's stock worth $27,802,000 after acquiring an additional 8,340 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: "BlueMountain Capital Management LLC Acquires 20,483 Shares of Walgreens Boots Alliance, Inc". If you are accessing this piece on another publication, it was copied illegally and republished in violation of US & worldwide trademark & copyright legislation. Franklin Resources Inc. boosted its position in shares of Walgreens Boots Alliance by 24.7% during the 2nd quarter. Needham & Company LLC reissued a "buy" rating and issued a $94.00 target price on shares of Walgreens Boots Alliance in a research report on Thursday, October 12th. Mizuho maintained Walgreens Boots Alliance Inc (NASDAQ:WBA) rating on Tuesday, October 24. On Thursday, October 6 the stock rating was initiated by UBS with "Buy". Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". $91's average target is 29.67% above currents $70.18 stock price.

Focusing in on historical stock price information for Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded up $1.45 during trading on Monday, reaching $70.99. HGK Asset Management Inc. boosted its stake in Walgreens Boots Alliance by 5.2% in the first quarter. The stock has a market capitalization of $87.51 billion, a PE ratio of 21.15 and a beta of 1.19. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Walgreens Boots Alliance, Inc.'s Average Earnings Estimate for the current quarter is $1.21, according to consensus of 19 analysts. According to the Analysts, the Low Earnings estimate for the current quarter is $0.14, while the High earnings estimate is $0.25.Comparatively, EPS for the same quarter a year ago was $0.22.

Walgreens Boots Alliance, Inc. The stock is now trading -11.01% away from the 52-week high and separated 27.08% from the 52-week low. (WBA) surprised the stock market in its last reported earnings when it earned $1.31 a piece versus the consensus-estimated $1.21.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 13th will be given a $0.40 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 10th. Capital World Investors raised its stake in Walgreens Boots Alliance by 11.5% in the second quarter. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. The company has Relative Strength Index (RSI 14) of 54.41 together with Average True Range (ATR 14) of 1.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The stock now has a beta value of 1.2. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at $3,350,000. The disclosure for this purchase can be found here. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since November 13, 2016 and is uptrending. The Firm is a pharmacy-led health and wellbeing company. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

A number of analysts have commented on the company.

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