Walgreens Boots Alliance Inc (NASDAQ: WBA) is -67.22% lower on its value in year-to-date trading and has touched a low of $8.08 and a high of $27.05 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 $8.47 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $8.56, the stock is -2.46% and -6.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.89 million and changing 1.06% at the moment leaves the stock -36.42% off its SMA200. WBA registered -59.96% loss for a year compared to 6-month loss of -45.96%. The firm has a 50-day simple moving average (SMA 50) of $9.1578 and a 200-day simple moving average (SMA200) of $13.46345.
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The stock witnessed a -7.26% gain in the last 1 month and extending the period to 3 months gives it a -3.93%, and is -5.10% down 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 4.01% over the week and 4.37% over the month.
Walgreens Boots Alliance Inc (WBA) has around 312000 employees, a market worth around $7.48B and $147.66B in sales. Fwd P/E is 5.88. Profit margin for the company is -5.85%. Distance from 52-week low is 5.94% and -68.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.41%).
The EPS is expected to shrink by -46.81% this year.
Walgreens Boots Alliance Inc (WBA) Top Institutional Holders
1217.0 institutions hold shares in Walgreens Boots Alliance Inc (WBA), with institutional investors hold 75.07% of the company’s shares. The shares outstanding are 864.00M, and float is at 710.05M with Short Float at 14.19%. Institutions hold 61.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 82.21 million shares valued at $994.3 million. The investor’s holdings represent 9.5247% of the WBA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 70.01 million shares valued at $846.76 million to account for 8.1114 of the shares outstanding. The other top investors are STATE STREET CORP which holds 36.43 million shares representing 4.2206% and valued at over $440.6 million, while CAPITAL WORLD INVESTORS holds 3.3934 of the shares totaling 29.29 million with a market value of $354.24 million.
Walgreens Boots Alliance Inc (WBA) Insider Activity
The most recent transaction is an insider sale by Walgreens Boots Alliance, Inc., the company’s 10% Owner. SEC filings show that Walgreens Boots Alliance, Inc. sold 11,619,998 shares of the company’s common stock on Sep 11 ’24 at a price of $11.13 per share for a total of $129.33 million. Following the sale, the insider now owns 23.24 million shares.
Walgreens Boots Alliance Inc disclosed in a document filed with the SEC on Aug 01 ’24 that Walgreens Boots Alliance, Inc. (10% Owner) sold a total of 4,438,171 shares of the company’s common stock. The trade occurred on Aug 01 ’24 and was made at $240.56 per share for $1.07 billion. Following the transaction, the insider now directly holds 19.98 million shares of the WBA stock.
Still, SEC filings show that on Aug 01 ’24, Walgreens Boots Alliance Holdi (Affiliate) Proposed Sale 3,398,929 shares at an average price of $244.46 for $830.9 million. The insider now directly holds shares of Walgreens Boots Alliance Inc (WBA).
