In the latest trading session, 4.98 million Walgreens Boots Alliance Inc (NASDAQ:WBA) shares changed hands as the company’s beta touched 0.70. With the company’s most recent per share price at $10.38 changed hands at -$0.35 or -3.26% at last look, the market valuation stands at $8.96B. WBA’s current price is a discount, trading about -160.6% off its 52-week high of $27.05. The share price had its 52-week low at $10.19, which suggests the last value was 1.83% up since then. When we look at Walgreens Boots Alliance Inc’s average trading volume, we note the 10-day average is 11.19 million shares, with the 3-month average coming to 19.28 million.
Analysts gave the Walgreens Boots Alliance Inc (WBA) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.05. If we narrow down to specifics, the data shows that 1 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended WBA as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Walgreens Boots Alliance Inc’s EPS for the current quarter is expected to be 0.36.
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Walgreens Boots Alliance Inc (NASDAQ:WBA) trade information
Instantly WBA was in red as seen in intraday trades today. With action -0.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -60.25%, with the 5-day performance at -0.48% in the red. However, in the 30-day time frame, Walgreens Boots Alliance Inc (NASDAQ:WBA) is -7.57% down. Looking at the short shares, we see there were 66.33 million shares sold at short interest cover period of 2.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 38.94% from its recent market value. According to analyst projections, WBA’s forecast low is 2 with 57 as the target high. To hit the forecast high, the stock’s price needs a -449.13% plunge from its current level, while the stock would need to tank 80.73% for it to hit the projected low.
Walgreens Boots Alliance Inc (WBA) estimates and forecasts
Data shows that the Walgreens Boots Alliance Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -52.28% over the past 6 months, a -27.89% in annual growth rate that is considerably higher than the industry average of -37.60%. Year-over-year growth is forecast to reach 4.60% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 35.75B. 8 analysts are of the opinion that Walgreens Boots Alliance Inc’s revenue for the current quarter will be 37.2B. The company’s revenue for the corresponding quarters a year ago was 35.42B and 32.08B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.90%. The estimates for the next quarter sales put growth at 15.90%.
The 2024 estimates are for Walgreens Boots Alliance Inc earnings to decrease by -28.34%.
WBA Dividends
Walgreens Boots Alliance Inc is expected to release its next quarterly earnings report on 2024-Oct-10. The 14.07% annual yield figure for the share gives it an annual dividend of 1.46. It is important to note, however, that the 14.07% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.38 per year.
Walgreens Boots Alliance Inc (NASDAQ:WBA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.41% of Walgreens Boots Alliance Inc shares while 61.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.85%. There are 61.82% institutions holding the Walgreens Boots Alliance Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.5247% of the shares, roughly 82.21 million WBA shares worth $994.3 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.1114% or 70.01 million shares worth $846.76 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 21.75 shares estimated at $225.59 million under it, the former controlled 2.52% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.09% of the shares, roughly 18.03 shares worth around $186.99 million.
