Analysts Set Walgreens Boots Alliance, Inc. (NASDAQ:WBA) PT at $12.88

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) have received an average rating of “Reduce” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.88.

A number of analysts recently issued reports on the company. Jefferies Financial Group dropped their price objective on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Bank of America lowered their price target on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley reduced their price objective on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, October 11th. Evercore ISI increased their target price on shares of Walgreens Boots Alliance from $7.50 to $10.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 16th. Finally, Truist Financial reduced their price target on shares of Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Monday, October 7th.

Hedge Funds Weigh In On Walgreens Boots Alliance

Several institutional investors and hedge funds have recently made changes to their positions in the business. True Vision MN LLC grew its stake in shares of Walgreens Boots Alliance by 41.5% during the third quarter. True Vision MN LLC now owns 37,030 shares of the pharmacy operator’s stock valued at $332,000 after buying an additional 10,863 shares during the last quarter. Clifford Capital Partners LLC grew its position in Walgreens Boots Alliance by 9.9% during the 3rd quarter. Clifford Capital Partners LLC now owns 882,549 shares of the pharmacy operator’s stock worth $7,908,000 after acquiring an additional 79,345 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Walgreens Boots Alliance by 82.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,268 shares of the pharmacy operator’s stock worth $361,000 after purchasing an additional 18,199 shares during the period. Bridgewater Associates LP purchased a new position in Walgreens Boots Alliance in the 3rd quarter worth approximately $160,000. Finally, Brooklyn Investment Group bought a new position in shares of Walgreens Boots Alliance in the third quarter worth approximately $35,000. Institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Price Performance

Shares of NASDAQ:WBA opened at $9.03 on Thursday. The company has a 50-day moving average price of $9.18 and a two-hundred day moving average price of $12.01. Walgreens Boots Alliance has a twelve month low of $8.22 and a twelve month high of $27.05. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $7.81 billion, a PE ratio of -0.90, a P/E/G ratio of 1.18 and a beta of 0.69.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $37.50 billion during the quarter, compared to analyst estimates of $35.75 billion. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. Walgreens Boots Alliance’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Equities analysts forecast that Walgreens Boots Alliance will post 1.53 EPS for the current year.

Walgreens Boots Alliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.07%. The ex-dividend date of this dividend is Monday, November 18th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently -9.99%.

Walgreens Boots Alliance Company Profile

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.