An in-depth look at the Walgreens Boots Alliance, Inc. (WBA) stock

two person holding hands

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has a beta value of 0.45 and has seen 3,669,329 shares traded in the last trading session. The company, currently valued at $32.05 Billion, closed the last trade at $37.14 per share which meant it lost -$0.88 on the day or -2.31% during that session. The WBA stock price is -73.67% off its 52-week high price of $64.5 and 1.32% above the 52-week low of $36.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.48 Million shares traded. The 3-month trading volume is 6.35 Million shares.

The consensus among analysts is that Walgreens Boots Alliance, Inc. (WBA) is a Hold stock at the moment, with a recommendation rating of 3.1. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 19 out of 22 have rated it as a Hold, with no one of them advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.97.

Despite being -2.31% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Aug 27 when the WBA stock price touched $39.45- or saw a rise of 5.88%. Year-to-date, Walgreens Boots Alliance, Inc. shares have moved -37.03%, while the 5-day performance has seen it change -6%. Over the past 30 days, the shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) have changed -8.79%. Short interest in the company has seen 17.54 Million shares shorted with days to cover at 2.76.

Wall Street analysts have a consensus price target for the stock at $42.22, which means that the shares’ value could jump 13.68% from current levels. The projected low price target is $37 while the price target rests at a high of $46. In that case, then, we find that the current price level is +23.86% off the targeted high while a plunge would see the stock lose -0.38% from current levels.

Walgreens Boots Alliance, Inc. (WBA) estimates and forecasts

Figures show that Walgreens Boots Alliance, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -17.56% over the past 6 months, compared to 1.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -32.2% and -19% for the next quarter. Revenue growth from the last financial year stood is estimated to be +1.7%.

14 analysts offering their estimates for the company have set an average revenue estimate of $34.54 Billion for the current quarter. 10 have an estimated revenue figure of $35.07 Billion for the next quarter concluding in November 01, 2020. Year-ago sales stood $33.95 Billion and $34.34 Billion respectively for this quarter and the next, and analysts expect sales will grow by 1.7% for the current quarter and 2.1% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +16.6% over the past 5 years. Earnings growth for 2020 is a modest -12.4% while over the next 5 years, the company’s earnings are expected to increase by 0.01%.

WBA Dividends

Walgreens Boots Alliance, Inc. is expected to release its next earnings report between October 26 and October 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.87 at a share yield of 4.92%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.48%.

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

Insiders own 22.25% of the company shares, while shares held by institutions stand at 60.61% with a share float percentage of 77.96%. Investors are also buoyed by the number of investors in a company, with Walgreens Boots Alliance, Inc. having a total of 1729 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 60.62 Million shares worth more than $2.57 Billion. As of June 29, 2020, Vanguard Group, Inc. (The) held 7% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 52.28 Million shares as of June 29, 2020. The firm’s total holdings are worth over $2.22 Billion and represent 6.03% 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 March 30, 2020, the former fund manager holds about 2.57% shares in the company for having 22256841 shares of worth $1.02 Billion while later fund manager owns 15.29 Million shares of worth $648.22 Million as of June 29, 2020, which makes it owner of about 1.76% of company’s outstanding stock.

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