INVESCO LTD. lowered its stake in Walgreens Boots Alliance, Inc.
Several equities analysts recently issued reports on WBA shares.
Shares of Walgreens Boots Alliance Inc (WBA) traded up $0.87 on Wednesday, reaching $71.05. Watching the last 5 trading periods, shares have changed -1.21%. Hudock Capital Group LLC boosted its position in Walgreens Boots Alliance by 0.5% in the 2nd quarter. Nordea Investment Management AB lifted its stake in Walgreens Boots Alliance by 26.5% in the 1st quarter. Insider activity and sentiment signals are important to monitor because they can shed light on how "risky" a stock is perceived to be at it's current valuation. Huntington National Bank raised its stake in shares of Walgreens Boots Alliance by 17.1% in the third quarter. Hallmark Capital Management Inc sold 1,679 shares as Anthem Inc (ANTM)'s stock rose 10.08%.
"We have had a presence in China for around 10 years, initially through Alliance Boots, and we are excited about the opportunity to further invest in the country's fast-growing retail pharmacy sector", Walgreens Chief Executive Stefano Pessina said in prepared remarks. Birinyi Associates Inc. now owns 9,100 shares of the pharmacy operator's stock worth $713,000 after acquiring an additional 750 shares during the last quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Finally, WealthTrust Arizona LLC boosted its stake in Walgreens Boots Alliance by 0.4% in the 2nd quarter. About 3.81 million shares traded. Investors measure stock performance on the basis of a company's earnings power. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Anthony Lederer bought 20,000 shares of the stock in a transaction on Thursday, October 26th.
Traders may be focusing in on the ATR or Average True Range indicator when performing stock analysis. Following the purchase, the director now directly owns 50,000 shares of the company's stock, valued at approximately $3,350,000. The disclosure for this sale can be found here.
Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company has market cap of $69.50 billion. The correct version of this news story can be viewed at https://www.thelincolnianonline.com/2017/12/06/paragon-capital-management-llc-sells-4238-shares-of-walgreens-boots-alliance-inc-wba-updated-updated.html. The pharmacy operator reported $1.31 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.21 by $0.10. WBA has a net profit margin of 3.40% and is more profitable than the average company in the Drug Stores industry. The firm had revenue of $30.15 billion for the quarter, compared to analysts' expectations of $29.93 billion. Generally speaking a P/B ratio under 1 is considered low and is best used in relation to asset-heavy firms.
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On Wednesday, Shares of Walgreens Boots Alliance, Inc. In this case performance of tends to percentage rate of return for a stock for a given time frame. This repurchase authorization allows the pharmacy operator to repurchase shares of its stock through open market purchases.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. This represents a $1.50 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, November 10th. Walgreens Boots Alliance's payout ratio is now 42.33%.
A number of brokerages have weighed in on WBA. Loop Capital assumed coverage on Walgreens Boots Alliance in a research note on Thursday, August 24th. The company was maintained on Thursday, June 22 by RBC Capital Markets.
Walgreens Boots Alliance declared that its board has initiated a share buyback program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. FinnCap maintained it with "Buy" rating and GBX 150 target in Thursday, November 23 report. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more.
Price targets show what analysts believes a stock will be worth at the end of a certain time period. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. RBC Capital Markets maintained it with "Buy" rating and $50.0 target in Thursday, October 19 report.
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