Walgreens Boots Alliance (WBA) Shares Gap Down to $72.31

Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) gapped down before the market opened on Thursday . The stock had previously closed at $74.87, but opened at $72.31. Walgreens Boots Alliance shares last traded at $70.90, with a volume of 15295930 shares changing hands.

WBA has been the topic of a number of research analyst reports. TheStreet raised shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. Loop Capital upped their price target on shares of Walgreens Boots Alliance to $80.00 and gave the company a “buy” rating in a research report on Friday, June 29th. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, June 19th. BidaskClub raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Finally, Barclays upped their price target on shares of Walgreens Boots Alliance from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Walgreens Boots Alliance has a consensus rating of “Hold” and a consensus price target of $77.56.

The firm has a market cap of $72.35 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.47 and a current ratio of 0.93.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. The firm had revenue of $33.44 billion for the quarter, compared to analyst estimates of $33.64 billion. As a group, equities research analysts expect that Walgreens Boots Alliance Inc will post 5.98 earnings per share for the current fiscal year.

In related news, COO Ornella Barra acquired 1,700,000 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were purchased at an average price of $65.15 per share, for a total transaction of $110,755,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total transaction of $180,548.64. Following the transaction, the director now owns 10,943 shares in the company, valued at approximately $722,128.57. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Walgreens Boots Alliance in the 3rd quarter worth about $154,000. Bank of Montreal Can raised its holdings in shares of Walgreens Boots Alliance by 17.5% in the 3rd quarter. Bank of Montreal Can now owns 1,941,036 shares of the pharmacy operator’s stock worth $141,502,000 after acquiring an additional 288,921 shares during the last quarter. Busey Trust CO raised its holdings in shares of Walgreens Boots Alliance by 8.1% in the 3rd quarter. Busey Trust CO now owns 10,824 shares of the pharmacy operator’s stock worth $789,000 after acquiring an additional 812 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Walgreens Boots Alliance by 10.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 7,649 shares of the pharmacy operator’s stock worth $557,000 after acquiring an additional 703 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Walgreens Boots Alliance by 82.9% in the 3rd quarter. Pittenger & Anderson Inc. now owns 27,280 shares of the pharmacy operator’s stock worth $1,989,000 after acquiring an additional 12,365 shares during the last quarter. Hedge funds and other institutional investors own 61.92% of the company’s stock.

About Walgreens Boots Alliance (NASDAQ:WBA)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

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