Walgreens Boots Alliance Inc (NASDAQ: WBA): A Competitive Analysis And Growth Prospects

In today’s recent session, 5.9 million shares of the Walgreens Boots Alliance Inc (NASDAQ:WBA) have been traded, and its beta is 0.68. Most recently the company’s share price was $9.23, and it changed around $0.21 or 2.33% from the last close, which brings the market valuation of the company to $7.97B. WBA at last check was trading at a discount to its 52-week high of $27.05, offering almost -193.07% off that amount. The share price’s 52-week low was $8.46, which indicates that the recent value has risen by an impressive 8.34% since then. We note from Walgreens Boots Alliance Inc’s average daily trading volume that its 10-day average is 21.17 million shares, with the 3-month average coming to 21.76 million.

Walgreens Boots Alliance Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.05. If we narrow it down even further, the data shows that 0 out of 24 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 9 recommended WBA as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight.

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Walgreens Boots Alliance Inc (NASDAQ:WBA) trade information

Instantly WBA has been showing a green trend so far today with a performance of 2.33% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.32 on recent trading dayincreased the stock’s daily price by 0.97%. The company’s shares are currently down -64.65% year-to-date, but still up 3.94% over the last five days. On the other hand, Walgreens Boots Alliance Inc (NASDAQ:WBA) is -15.48% down in the 30-day period. We can see from the shorts that 82.91 million shares have been sold at a short interest cover period of 5.09 day(s).

The consensus price target as assigned by Wall Street analysts is $17.5, which translates to bulls needing to increase their stock price by 47.26% from its current value. Analyst projections state that WBA is forecast to be at a low of $2 and a high of $57.

Walgreens Boots Alliance Inc (WBA) estimates and forecasts

Walgreens Boots Alliance Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -55.39 percent over the past six months and at a -28.14% annual growth rate that is well above the industry average of -31.00%.

WBA Dividends

Walgreens Boots Alliance Inc’s next quarterly earnings report is expected to be released on 2024-Oct-15. The annual dividend yield of the stock is 13.33 percent and its annual dividend per share was 1.23. It is important to note, however, that the 13.33% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.54 per year.

Walgreens Boots Alliance Inc (NASDAQ:WBA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 17.41% of Walgreens Boots Alliance Inc shares, and 61.59% of them are in the hands of institutional investors. The stock currently has a share float of 74.58%. Walgreens Boots Alliance Inc stock is held by 1283.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5247% of the shares, which is about 82.21 million shares worth $994.3 million.

BLACKROCK INC., with 8.1114% or 70.01 million shares worth $846.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.