A significant driver of top-line growth: Walgreens Boots Alliance Inc (WBA)

With 11.47 million shares changed hands, the volume of the stock remained lighter than its average volume of 15.12 million shares. During the session, the Pharmaceutical Retailers company that operates in wider Healthcare sector, reached to the highest price of $21.40 whereas the lowest price it dropped to was $21.06. The 52-week range on WBA shows that it touched its highest point at $36.58 and its lowest point at $19.68 during that stretch. It currently has a 1-year price target of $24.94. With its current market cap of 18.33 billion, WBA has annualized dividend of $1.69 while the current yield stands at 7.95%. Beta for the stock currently stands at 0.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WBA was down-trending over the past week, with a drop of -1.44%, but this was down by -6.59% over a month. Three-month performance surged to 6.41% while six-month performance fell -16.76%. The stock lost -40.16% in the past year, while it has lost -18.58% so far this year. A look at the trailing 12-month EPS for WBA yields 0.66 with Next year EPS estimates of 3.54. For the next quarter, that number is 0.83. This implies an EPS growth rate of -18.20% for this year and 8.87% for next year.

Float and Shares Shorts:

At present, 863.67 million WBA shares are outstanding with a float of 711.49 million shares on hand for trading. On Feb 15, 2024, short shares totaled 32.45 million, which was 3.76% higher than short shares on Jan 12, 2024. In addition to BA as the firm’s Boeing Company (The), WBD serves as its Warner Bros. Discovery, Inc. -.

Institutional Ownership:

Through their ownership of 62.16% of WBA’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WBA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WBA analysts setting a high price target of $37.00 and a low target of $20.00, the average target price over the next 12 months is $24.94. Based on these targets, WBA could surge 74.04% to reach the target high and fall by -5.93% to reach the target low. Reaching the average price target will result in a growth of 17.31% from current levels.

Dividends & Yield:

In terms of dividends, WBA has a current ratio of $1.00, which is $1.00 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and WBA currently yields $7.99. In the past year, WBA’s dividend yield has been $7.99, but when looking at the stock over the past five years, its yield has been $4.32. Accordingly, WBA has a current buyback yield of $0.38. This was $0.38 for the TTM, and it was $0.87 for the past five years.

Summary of Insider Activity:

Insiders traded WBA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 2,181,275 while 77,521 shares were sold.