Walgreens Boots Alliance Inc (NASDAQ:WBA) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 21,572,028 shares, a drop of 8.3% from the February 15th total of 23,522,033 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 5,059,662 shares, the short-interest ratio is presently 4.3 days.
WBA has been the topic of several analyst reports. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $88.00 target price (up from $86.00) on shares of Walgreens Boots Alliance in a report on Wednesday, January 10th. Barclays began coverage on Walgreens Boots Alliance in a report on Thursday. They issued an “equal weight” rating and a $76.00 target price on the stock. ValuEngine cut Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Vetr cut Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $84.75.
Shares of Walgreens Boots Alliance (WBA) opened at $70.60 on Monday. Walgreens Boots Alliance has a 12-month low of $63.82 and a 12-month high of $87.79. The firm has a market capitalization of $69,940.00, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Thursday, February 15th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. Walgreens Boots Alliance’s payout ratio is presently 44.20%.
In other news, insider Stefano Pessina bought 98,858 shares of Walgreens Boots Alliance stock in a transaction on Monday, January 15th. The shares were bought at an average price of $76.07 per share, with a total value of $7,520,128.06. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 14.80% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Pathstone Family Office LLC grew its holdings in shares of Walgreens Boots Alliance by 226.6% in the 2nd quarter. Pathstone Family Office LLC now owns 1,179 shares of the pharmacy operator’s stock worth $1,969,000 after acquiring an additional 818 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Walgreens Boots Alliance by 10.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after buying an additional 125 shares in the last quarter. Zions Bancorporation lifted its holdings in Walgreens Boots Alliance by 983.3% during the 3rd quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock worth $105,000 after buying an additional 1,239 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in Walgreens Boots Alliance during the 3rd quarter worth $135,000. Finally, Financial Advocates Investment Management acquired a new position in Walgreens Boots Alliance during the 4th quarter worth $125,000. Institutional investors and hedge funds own 60.12% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Short Interest in Walgreens Boots Alliance Inc (WBA) Decreases By 8.3%” was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.themarketsdaily.com/2018/03/12/short-interest-in-walgreens-boots-alliance-inc-wba-decreases-by-8-3.html.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including 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).
Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.