Eye-Popping Dividend Stock: Walgreens Boots Alliance, Inc. (WBA)
21 March 2017, 12:22 | Austin Hogan
The stock has a 1-month performance of 2.09 percent and is -2.4 percent year-to-date as of the recent close.
A number of other large investors have also added to or reduced their stakes in WBA.
01/23/2017 - Walgreens Boots Alliance, Inc. had its "outperform" rating reiterated by analysts at Robert W. Baird. The company has dropped -20.58% in past 3 months and in the last five trades has moved up 1.57%. Hudock Capital Group LLC boosted its stake in Walgreens Boots Alliance by 0.4% in the third quarter. The overall volume in the last trading session was 3.31 million shares.
Walgreens Boots Alliance, Inc. holds a dividend yield of 1.76%, and depicts the price/earnings ratio (P/E) to be 22.58. To take look on ration of tradable shares being shorted in market, float short ration was 1.17%, as compared to sentiment indicator; Short Ratio was 2.94. Parasol Investment Management LLC increased its position in shares of Walgreens Boots Alliance by 3.5% in the third quarter. Finally, Lazard Asset Management LLC raised its position in Walgreens Boots Alliance by 138.3% in the third quarter. The share price is now 0.41 percent versus its SMA20, 0.92 percent versus its SMA50, and -8.86 percent versus its SMA200. Hedge funds and other institutional investors own 59.98% of the company's stock.
March 1, 2017 - Walgreens Boots Alliance, Inc. (NASDAQ:WBA) may attempt to speed up the FTC review process for its proposed $9.7 billion takeover of Rite Aid (RAD) by declaring it has "certified compliance" in its application, forcing the FTC to review the application in 30 days, according to the New York Post. According to these analysts, the Low Revenue Estimate for Walgreens Boots Alliance, Inc.is 29.24 Billion and the High Revenue Estimate is 31.74 Billion. Parasol Investment Management LLC now owns 1,787 shares of the pharmacy operator's stock worth $144,000 after buying an additional 60 shares in the last quarter. The firm earned $28.50 billion during the quarter. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 3.84% since August 10, 2016 and is uptrending. On average, equities research analysts forecast that Walgreens Boots Alliance Inc will post $5.00 EPS for the current fiscal year. Shareholders of record on Wednesday, February 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, February 13th. Walgreens Boots Alliance's dividend payout ratio is 39.68%.
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Several research firms recently weighed in on WBA. Leerink Swann set a $90.00 target price on Walgreens Boots Alliance and gave the stock a "buy" rating in a research note on Sunday, January 8th. Evercore ISI reissued a "buy" rating and issued a $93.00 price objective on shares of Walgreens Boots Alliance in a research note on Tuesday, January 31st.
10/06/2016 - UBS began new coverage on Walgreens Boots Alliance, Inc. giving the company a "buy" rating. Atlantic Securities upgraded shares of Walgreens Boots Alliance from a "neutral" rating to an "overweight" rating and set a $95.00 price target for the company in a research report on Monday, February 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm.
Many analysts are providing their Estimated Earnings analysis for Walgreens Boots Alliance, Inc. and for the current quarter 20 analysts have projected that the stock could give an Average Earnings estimate of $1.36/share. The transaction, which was unanimously authorized by Air Methods' Board of Directors, has a total enterprise value of approximately $2.5 billion, including net debt. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. The stock was bought at an average cost of $80.93 per share, with a total value of $10,035,320.00. The disclosure for this purchase can be found here.
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