In the last trading session, 18.07 million shares of the Walgreens Boots Alliance Inc (NASDAQ:WBA) were traded, and its beta was 0.68. Most recently the company’s share price was $9.08, and it changed around $0.21 or 2.37% from the last close, which brings the market valuation of the company to $7.84B. WBA currently trades at a discount to its 52-week high of $27.05, offering almost -197.91% off that amount. The share price’s 52-week low was $8.22, which indicates that the current value has risen by an impressive 9.47% since then. We note from Walgreens Boots Alliance Inc’s average daily trading volume that its 10-day average is 18.82 million shares, with the 3-month average coming to 19.44 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. Walgreens Boots Alliance Inc is expected to report earnings per share of 0.36 for the current quarter.
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Walgreens Boots Alliance Inc (NASDAQ:WBA) trade information
Instantly WBA has showed a green trend with a performance of 2.37% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.09 on recent trading dayincreased the stock’s daily price by 0.11%. The company’s shares are currently down -65.22% year-to-date, but still up 4.37% over the last five days. On the other hand, Walgreens Boots Alliance Inc (NASDAQ:WBA) is 1.91% up in the 30-day period. We can see from the shorts that 89.56 million shares have been sold at a short interest cover period of 4.72 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 48.11% 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 -52.66 percent over the past six months and at a -28.14% annual growth rate that is well above the industry average of -31.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -46.30% in revenue this quarter, and will report a decrease of -29.50% in the next quarter. The year-over-year growth rate is expected to be 4.60%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 35.75B in revenue for the current quarter. 8 analysts expect Walgreens Boots Alliance Inc to make 37.19B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 35.42B and 32.08B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.90%. Forecasts for the next quarter put sales growth at 15.90%.
WBA Dividends
Walgreens Boots Alliance Inc’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 13.55 percent and its annual dividend per share was 1.23. It is important to note, however, that the 13.55% 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 5.71 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 62.94% of them are in the hands of institutional investors. The stock currently has a share float of 76.20%. Walgreens Boots Alliance Inc stock is held by 1261.0 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.
