Walgreens Boots Alliance Inc (NASDAQ:WBA) has a beta value of 0.72 and has seen 8.64 million shares traded in the last trading session. The company, currently valued at $17.86B, closed the last trade at $20.71 per share which meant it gained $0.02 on the day or 0.10% during that session. The WBA stock price is -76.63% off its 52-week high price of $36.58 and 4.97% above the 52-week low of $19.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.21 million shares traded. The 3-month trading volume is 13.66 million shares.
Walgreens Boots Alliance Inc (NASDAQ:WBA) trade information
Sporting 0.10% in the green in last session, the stock has traded in the red over the last five days, when the WBA stock price touched $20.71 or saw a rise of 3.31%. Year-to-date, Walgreens Boots Alliance Inc shares have moved -20.68%, while the 5-day performance has seen it change -2.68%. Over the past 30 days, the shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) have changed -5.78%. Short interest in the company has seen 31.19 million shares shorted with days to cover at 2.22.
Walgreens Boots Alliance Inc (WBA) estimates and forecasts
Figures show that Walgreens Boots Alliance Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -6.67% over the past 6 months, with this year growth rate of -18.59%, compared to -8.70% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -28.40% and -10.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.80%.
11 analysts offering their estimates for the company have set an average revenue estimate of $35.9 billion for the current quarter. 11 have an estimated revenue figure of $35.88 billion for the next quarter concluding in May 2024.
Earnings growth for 2024 is a modest -18.32% while over the next 5 years, the company’s earnings are expected to decrease by -4.77%.
WBA Dividends
Walgreens Boots Alliance Inc is expected to release its next earnings report on March 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.69 at a share yield of 8.16%. The company’s dividend yield has gone up over the past 12 months.
Walgreens Boots Alliance Inc (NASDAQ:WBA)’s Major holders
Insiders own 17.36% of the company shares, while shares held by institutions stand at 62.11% with a share float percentage of 75.16%. Investors are also buoyed by the number of investors in a company, with Walgreens Boots Alliance Inc having a total of 1,408 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 75.71 million shares worth more than $2.16 billion. As of Jun 29, 2023, Vanguard Group Inc held 8.76% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 66.95 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.91 billion and represent 7.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.65% shares in the company for having 22.89 million shares of worth $652.01 million while later fund manager owns 17.05 million shares of worth $485.76 million as of Jun 29, 2023, which makes it owner of about 1.97% of company’s outstanding stock.
