Raises Stake in Walgreens Boots Alliance Inc (WBA)
08 December, 2017, 01:38 | Author: Samuel Sharp
Walgreens Boots Alliance Inc said it would buy a 40 percent stake in Chinese pharmacy chain operator Sinopharm Holding GuoDa Drugstores Co Ltd, as the US drugstore chain seeks to expand in the country's fast-growing healthcare market. Pivotal Research maintained the stock with "Hold" rating in Thursday, June 29 report. Maverick Capital Ltd.'s holdings in Walgreens Boots Alliance were worth $19,711,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. The stock appeared $88.00 above its 52-week highs and is down -1.21% for the last five trades. They expect $1.25 EPS, down 28.98% or $0.51 from last year's $1.76 per share. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Reilly Financial Advisors LLC boosted its position in Walgreens Boots Alliance by 7.9% in the 2nd quarter. IHT Wealth Management LLC increased its holdings in shares of Walgreens Boots Alliance by 46.3% during the second quarter. With 10.72M avg volume, 2 days are for Walgreen Boots Alliance Incorporated (NASDAQ:WBA)'s short sellers to cover WBA's short positions. WBA's profit will be $1.25 billion for 14.01 P/E if the $1.26 EPS becomes a reality. (NasdaqGS:WBA) is 0.186522. Leverage ratio is the total debt of a company divided by total assets of the current and past year divided by two. (NASDAQ:WBA) on Thursday, September 1 with "Outperform" rating. The pharmacy operator reported $1.31 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.21 by $0.10. The company had revenue of $30.15 billion during the quarter, compared to analysts' expectations of $29.93 billion. The firm's revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. sell-side analysts forecast that Walgreens Boots Alliance will post 5.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 10th. At the current valuation, this equates to a dividend yield of 2.28%. Walgreens Boots Alliance's payout ratio is now 42.33%.
For the past 5 years, Walgreens Boots Alliance, Inc.'s EPS growth has been almost 9.4%. This repurchase authorization permits the pharmacy operator to purchase shares of its stock through open market purchases. Active Investors often maintain a close study on trading capacity of WBA stock.
Walgreens Boots Alliance declared that its board has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. Robert W. Baird reissued an "outperform" rating and issued a $96.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, March 27th. They issued a "buy" rating and a $95.00 price target on the stock.
Following a public tender process, Walgreens Boots Alliance's bid met all the requirements set by the seller to acquire a 40% minority stake in GuoDa through a capital increase worth about $416 million. A ratio lower than one shows that the price has decreased over that time period. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). WBA has a net profit margin of 3.40% and is more profitable than the average company in the Drug Stores industry.
In other news, Director John Anthony Lederer acquired 20,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, October 26th. Following the completion of the sale, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The transaction was disclosed in a document filed with the SEC, which is available through this link.
ROA ratio indicates how profitable a company is relative to its total assets. The disclosure for this purchase can be found here. The YTD performance of the stock stands at -14.15 Percent.
Walgreens Boots Alliance has had a drug wholesale joint venture in China called Guangzhou Pharmaceuticals.
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