The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $70.90B. The institutional investor owned 251,710 shares of the pharmacy operator's stock after selling 761,843 shares during the quarter.
With an estimated value of 25.55 for 2017, Walgreens Boots Alliance, Inc. has a P/E ratio of 18.81. The stock ended last trade at $71.05 a share and the price is up more than -14.15% so far this year. Finally, Birinyi Associates Inc. increased its holdings in shares of Walgreens Boots Alliance by 9.0% during the 2nd quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator's stock valued at $204,000 after buying an additional 9 shares in the last quarter. The recent close goes a long way in suggesting that the stock price is being underpriced by a 40.75% compared to the most bullish target. WBA's shares are therefore the less volatile of the two stocks. Schwab Charles Investment Management Inc. now owns 3,019,739 shares of the pharmacy operator's stock worth $236,476,000 after purchasing an additional 154,995 shares during the period. (NASDAQ:WBA) showed a growth of 16.13 Percent per annum.
Generally, shareholders love stocks with a low price-to-earnings (P/E) ratio. The stock of Walgreens Boots Alliance, Inc. Its quick ratio for the most recent quarter is 0.60. The pharmacy operator reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.10. The business had revenue of $30.15 billion during the quarter, compared to the consensus estimate of $29.93 billion. Walgreens Boots Alliance had a return on equity of 16.76% and a net margin of 3.52%. The company's quarterly revenue was up 5.3% compared to the same quarter past year. Finally, Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a "sell" rating to a "hold" rating in a report on Thursday, October 5th.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. The ex-dividend date is Tuesday, May 16th. This represents a $1.60 annualized dividend and a yield of 2.25%. The SI to Walgreen Boots Alliance Incorporated's float is 2.27%. However, at the Wall Street, the shares for the company has been tagged a $179.73 price target, indicating that the shares will drop -4% from its current levels. This repurchase authorization allows the pharmacy operator to buy shares of its stock through open market purchases. To fully grasp the existing nature of the stock, a trader will need to know the company's stock price to its revenues. A number of equities analysts have weighed in on WBA shares. Loop Capital began coverage on shares of Walgreens Boots Alliance in a report on Thursday, August 24th. This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on. They set a buy rating and a $95.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company's stock. The company has an average rating of "Buy" and an average price target of $86.47. The stock has "Buy" rating by Citigroup on Thursday, November 2. (WBA) stock price moved 0.49% away from 20-Days Simple Moving Average, 0.80% from 50-Days Simple Moving Average and separated -10.23% from 200 Days Simple Moving Average. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Anthony Lederer acquired 20,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, October 26th. Comparatively, WBA's free cash flow per share was +1.02. An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. The disclosure for this purchase can be found here. VANGUARD GROUP INC owned 2.59% of J. C. Penney Company, Inc. As traders, we are more interested to take part in strong moves and don't join moves that show weakness - or we may even watch for an entry in the opposite direction of a weak move. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/12/07/walgreens-boots-alliance-inc-wba-shares-sold-by-park-national-corp-oh.html.
Walgreens Boots Alliance is investing in a pharmacy retail chain in China. "It is China's leading pharmacy chain and we believe that we can positively contribute to its continued successful development with our global pharmacy expertise". Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.