Walgreens Boots Alliance Inc (WBA) Stock Could Soon Reward Patient Investors

Walgreens Boots Alliance Inc (NASDAQ: WBA) is -13.33% lower on its value in year-to-date trading and has touched a low of $19.68 and a high of $37.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WBA stock was last observed hovering at around $22.24 in the last trading session, with the day’s gains setting it 0.39%.

Currently trading at $22.63, the stock is -0.03% and -4.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.9 million and changing 1.75% at the moment leaves the stock -12.75% off its SMA200. WBA registered -36.81% loss for a year compared to 6-month loss of -22.90%. The firm has a 50-day simple moving average (SMA 50) of $0.37 and a 200-day simple moving average (SMA200) of $21.50.

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The stock witnessed a -5.83% gain in the last 1 month and extending the period to 3 months gives it a 10.66%, and is 2.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.37% over the week and 3.30% over the month.

Walgreens Boots Alliance Inc (WBA) has around Feb 16 2024 employees, a market worth around $19.52B and $142.41B in sales. Current P/E ratio is 34.04 and Fwd P/E is 6.38. Profit margin for the company is 0.40%. Distance from 52-week low is 14.97% and -39.05% from its 52-week high. The company has generated returns on investments over the last 12 months (1.15%).

Walgreens Boots Alliance Inc quarterly earnings per share for the current quarter are estimated at $0.84 with sales reaching $35.78B over the same period.The EPS is expected to shrink by -18.10% this year, but quarterly earnings will post 3.60% year-over-year.

Walgreens Boots Alliance Inc (WBA) Top Institutional Holders

1,392 institutions hold shares in Walgreens Boots Alliance Inc (WBA), with institutional investors hold 73.16% of the company’s shares. The shares outstanding are 863.67M, and float is at 711.07M with Short Float at 4.88%. Institutions hold 60.46% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 75.71 million shares valued at $2.16 billion. The investor’s holdings represent 8.76% of the WBA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 66.95 million shares valued at $1.91 billion to account for 7.75% of the shares outstanding. The other top investors are State Street Corporation which holds 55.74 million shares representing 6.45% and valued at over $1.59 billion, while Capital World Investors holds 2.27% of the shares totaling 19.63 million with a market value of $559.23 million.

Walgreens Boots Alliance Inc (WBA) Insider Activity

A total of 47 insider transactions have happened at Walgreens Boots Alliance Inc (WBA) in the last six months, with sales accounting for 26 and purchases happening 21 times. The most recent transaction is an insider sale by Walgreens Boots Alliance, Inc.,the company’s10% Owner. SEC filings show that Walgreens Boots Alliance, Inc. sold 4,212,395 shares of the company’s common stock on Feb 07 at a price of $235.41 per share for a total of $991.64 million. Following the sale, the insider now owns 26.28 million shares.

Walgreens Boots Alliance Inc disclosed in a document filed with the SEC on Jan 29 that JARRETT VALERIE B (Director) bought a total of 4,456 shares of the company’s common stock. The trade occurred on Jan 29 and was made at $22.44 per share for $99993.0. Following the transaction, the insider now directly holds 4456.0 shares of the WBA stock.

Still, SEC filings show that on Jan 16, SCHLICHTING NANCY M (Director) disposed off 15,209 shares at an average price of $23.05 for $0.35 million. The insider now directly holds 0 shares of Walgreens Boots Alliance Inc (WBA).

Walgreens Boots Alliance Inc (WBA): Who are the competitors?

The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading 73.14% up over the past 12 months. CVS Health Corp. (CVS) that is -14.00% lower over the same period.