For Walgreens Boots Alliance Inc. [WBA], Analyst sees a drop to $51. What next?


Walgreens Boots Alliance Inc. [NASDAQ: WBA] traded at a high on 07/19/22, posting a 0.73 gain after which it closed the day’ session at $38.60. The company report on July 13, 2022 that Walgreens Boots Alliance Increases Quarterly Dividend.

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Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that its board of directors has declared a quarterly dividend of 48 cents per share, an increase of 0.5 percent. The increased dividend is payable Sept. 9, 2022, to stockholders of record as of Aug. 19, 2022, and raises the annual rate from $1.91 per share to $1.92 per share.

Walgreens Boots Alliance and its predecessor company, Walgreen Co., have paid a dividend in 359 straight quarters (more than 89 years) and have raised the dividend for 47 consecutive years.

The results of the trading session contributed to over 5371811 shares changing hands. Over the past one week, the price volatility of Walgreens Boots Alliance Inc. stands at 1.92% while the volatility over the past one month is 2.68%.

The market cap for WBA stock reached $32.33 billion, with 864.00 million shares outstanding and 714.63 million shares in the current float. Compared to the average trading volume of 6.97M shares, WBA reached a trading volume of 5371811 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Walgreens Boots Alliance Inc. [WBA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WBA shares is $42.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WBA stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Walgreens Boots Alliance Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 01, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $56 to $49. The new note on the price target was released on December 16, 2021, representing the official price target for Walgreens Boots Alliance Inc. stock. Previously, the target price had yet another raise from $49 to $55, while Deutsche Bank kept a Hold rating on WBA stock.

The Average True Range (ATR) for Walgreens Boots Alliance Inc. is set at 1.06, with the Price to Sales ratio for WBA stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 5.32. Price to Free Cash Flow for WBA in the course of the last twelve months was 18.14 with Quick ratio for the last quarter at 0.40.

How has WBA stock performed recently?

Walgreens Boots Alliance Inc. [WBA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.66. With this latest performance, WBA shares dropped by -2.70% in over the last four-week period, additionally sinking by -28.91% over the last 6 months – not to mention a drop of -15.31% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WBA stock in for the last two-week period is set at 45.20, with the RSI for the last a single of trading hit 49.51, and the three-weeks RSI is set at 43.47 for Walgreens Boots Alliance Inc. [WBA]. The present Moving Average for the last 50 days of trading for this stock 41.05, while it was recorded at 37.81 for the last single week of trading, and 46.34 for the last 200 days.

Walgreens Boots Alliance Inc. [WBA]: Deeper insight into the fundamentals

Walgreens Boots Alliance Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.80.

Earnings analysis for Walgreens Boots Alliance Inc. [WBA]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WBA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Walgreens Boots Alliance Inc. go to 0.88%.

Insider trade positions for Walgreens Boots Alliance Inc. [WBA]

There are presently around $19,211 million, or 59.80% of WBA stock, in the hands of institutional investors. The top three institutional holders of WBA stocks are: VANGUARD GROUP INC with ownership of 59,003,949, which is approximately -0.421% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 57,751,600 shares of the stock with an approximate value of $2.21 billion in WBA stocks shares; and STATE STREET CORP, currently with $1.91 billion in WBA stock with ownership of nearly 6.206% of the company’s market capitalization.

665 institutional holders increased their position in Walgreens Boots Alliance Inc. [NASDAQ:WBA] by around 45,910,944 shares. Additionally, 594 investors decreased positions by around 39,349,865 shares, while 192 investors held positions by with 416,079,034 shares. The mentioned changes placed institutional holdings at 501,339,843 shares, according to the latest SEC report filing. WBA stock had 95 new institutional investments in for a total of 4,116,838 shares, while 144 institutional investors sold positions of 7,498,310 shares during the same period.