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Walgreens Boots Alliance (WBA) Coverage Initiated by Analysts at Barclays

March 10, 2018 01:22·

Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

More notable recent Walgreens Boots Alliance, Inc.

Other hedge funds also recently made changes to their positions in the company. More interesting news about Walgreens Boots Alliance, Inc. The stock ended last trade at 25.18 a share and the price is up more than -5.02% so far this year. Zions Bancorporation boosted its position in shares of Walgreens Boots Alliance by 983.3% in the 3rd quarter. Meiji Yasuda Life Insurance Co lifted its holdings in Walgreens Boots Alliance by 1.8% during the second quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator's stock worth $105,000 after purchasing an additional 1,239 shares during the period.

After a recent check, shares of Walgreens Boots Alliance, Inc. Pathstone Family Office LLC boosted its position in shares of Walgreens Boots Alliance by 226.6% in the 2nd quarter. Manchester Capital Management LLC now owns 2,785 shares of the pharmacy operator's stock valued at $218,000 after purchasing an additional 380 shares in the last quarter. (NASDAQ:WBA) are on our watchlist today as the stock has moved 1.52% from the open, touching $70.27 on a recent trade. A lower P/B ratio could mean that the stock is undervalued. The transaction was disclosed in a filing with the SEC, which is available at this link.

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Barclays started coverage on shares of Walgreens Boots Alliance (NASDAQ:WBA) in a research note released on Thursday. On Friday, September 16 the stock rating was initiated by Credit Suisse with "Neutral". The stock was purchased at an average price of $76.07 per share, for a total transaction of $7,520,128.06. (NASDAQ:WBA) on Monday, August 24 to "Buy" rating. Jefferies maintained it with "Buy" rating and $93.0 target in Friday, October 27 report. As a general matter investors should not rely exclusively on an analyst's recommendation when deciding whether to buy, sell or hold a stock. The share price has moved backward from its 20 days moving average, trading at a distance of -1.05% and stays -5.34% away from its 50 days moving average. Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. The average analysts gave this company a mean recommendation of 2.30. Walgreens Boots Alliance, Inc. has P/S value of 0.56 while its P/B value stands at 2.68. WBA's debt-to-equity ratio is 0.54 versus a D/E of 0.11 for CERN. The simple logic that a stock's current market price does not justify (is not equivalent to) its higher earnings and therefore has room to run is behind shareholders' inclination toward low P/E stocks.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, January 4th. The company had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. (WBA) reported its last quarterly earnings on 11/29/2017 where the firm reported its Actual EPS of $1.28/share.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Thursday, February 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.30%. Walgreens Boots Alliance's dividend payout ratio is now 44.20%.

ILLEGAL ACTIVITY NOTICE: This piece was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and worldwide copyright law. Since there are so many eyes on the 200-day SMA of Walgreens Boots Alliance, Inc., many traders will place their orders around this key level. The SI to Walgreens Boots Alliance Inc's float is 2.55%. The Company is a global pharmacy-led, health and wellbeing enterprise. It operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Company's products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

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