Walgreens Boots Alliance (NASDAQ:WBA) Shares Down 2.3%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) shares dropped 2.3% during trading on Thursday . The company traded as low as $11.56 and last traded at $11.60. Approximately 2,689,733 shares changed hands during trading, a decline of 83% from the average daily volume of 15,665,557 shares. The stock had previously closed at $11.87.

Wall Street Analyst Weigh In

WBA has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating for the company in a report on Friday, June 28th. Royal Bank of Canada decreased their price objective on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating for the company in a report on Tuesday, July 2nd. UBS Group decreased their price objective on Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their price objective on Walgreens Boots Alliance from $30.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.86.

Walgreens Boots Alliance Trading Down 0.5 %

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 market cap of $10.20 billion, a PE ratio of -1.72, a P/E/G ratio of 0.85 and a beta of 0.72. The firm has a 50-day simple moving average of $13.64 and a 200-day simple moving average of $17.91.

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

Walgreens Boots Alliance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Wednesday, August 21st. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently -14.84%.

Institutional Investors Weigh In On Walgreens Boots Alliance

A number of hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake in shares of Walgreens Boots Alliance by 1.0% during the 2nd quarter. CIBC Asset Management Inc now owns 237,502 shares of the pharmacy operator’s stock valued at $2,873,000 after buying an additional 2,393 shares in the last quarter. Elevated Capital Advisors LLC purchased a new position in shares of Walgreens Boots Alliance during the 2nd quarter valued at $479,000. LCM Capital Management Inc purchased a new position in shares of Walgreens Boots Alliance during the 2nd quarter valued at $131,000. Equitable Trust Co. lifted its stake in shares of Walgreens Boots Alliance by 39.2% during the 2nd quarter. Equitable Trust Co. now owns 22,143 shares of the pharmacy operator’s stock valued at $268,000 after buying an additional 6,230 shares in the last quarter. Finally, International Private Wealth Advisors LLC lifted its stake in shares of Walgreens Boots Alliance by 15.3% during the 2nd quarter. International Private Wealth Advisors LLC now owns 12,463 shares of the pharmacy operator’s stock valued at $151,000 after buying an additional 1,655 shares in the last quarter. 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.