Latest Stocks: Walgreens Boots Alliance Inc (WBA) Price Target Lowered to $80.00 at Jefferies Group LLC

Latest Stocks: Walgreens Boots Alliance Inc (WBA) Price Target Lowered to $80.00 at Jefferies Group LLC

Walgreens Boots Alliance Inc (NASDAQ:WBA) had its price objective lowered by Jefferies Group LLC from $95.00 to $80.00 in a report issued on Wednesday morning. The firm currently has a buy rating on the pharmacy operator’s stock.

WBA has been the topic of several other reports. Wells Fargo & Co reissued an outperform rating on shares of Walgreens Boots Alliance in a research report on Tuesday, January 31st. Zacks Investment Research cut shares of Walgreens Boots Alliance from a buy rating to a hold rating in a research report on Tuesday, January 31st. Deutsche Bank AG reissued a buy rating and set a $92.00 price target on shares of Walgreens Boots Alliance in a research report on Tuesday, January 31st. Evercore ISI reissued a buy rating and set a $93.00 price target on shares of Walgreens Boots Alliance in a research report on Tuesday, January 31st. Finally, Leerink Swann set a $90.00 price target on shares of Walgreens Boots Alliance and gave the stock a buy rating in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of Buy and a consensus price target of $90.62.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Wednesday, April 5th. The pharmacy operator reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. Walgreens Boots Alliance had a net margin of 3.52% and a return on equity of 16.76%. The firm had revenue of $29.45 billion for the quarter, compared to analysts’ expectations of $30.17 billion. During the same period in the previous year, the firm posted $1.31 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts anticipate that Walgreens Boots Alliance will post $4.97 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Thursday, May 18th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 16th. This represents a $1.50 annualized dividend and a dividend yield of 1.80%. Walgreens Boots Alliance’s dividend payout ratio is 39.68%.

In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $85.89, for a total transaction of $234,995.04. Following the sale, the director now owns 21,887 shares in the company, valued at approximately $1,879,874.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.50% of the company’s stock. Hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in Walgreens Boots Alliance by 24.2% in the third quarter. Oppenheimer & Co. Inc. now owns 122,952 shares of the pharmacy operator’s stock valued at $9,912,000 after buying an additional 23,960 shares in the last quarter. Diligent Investors LLC bought a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $1,463,000. RB Capital Management LLC bought a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $261,000. Two Sigma Investments LP raised its stake in shares of Walgreens Boots Alliance by 5.8% in the fourth quarter. Two Sigma Investments LP now owns 36,557 shares of the pharmacy operator’s stock worth $3,025,000 after buying an additional 1,997 shares in the last quarter. Finally, Scharf Investments LLC raised its stake in shares of Walgreens Boots Alliance by 54.7% in the fourth quarter. Scharf Investments LLC now owns 1,888,330 shares of the pharmacy operator’s stock worth $156,278,000 after buying an additional 667,924 shares in the last quarter. Institutional investors and hedge funds own 59.98% of the company’s stock.

Receive News & Ratings for Walgreens Boots Alliance Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Walgreens Boots Alliance Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment