On December 03, 2019, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) shares lost -0.47% or -0.28 points to close at $58.99 with a thin trading volume of 4.817 million shares. It opened the trading session at $58.8, the shares rose to $59.075 and dropped to $57.73, the range by which the price of stock traded the whole day. The company now has a market cap of $53.1 billion and currently has 900.18 million outstanding shares. Walgreens Boots Alliance, Inc. (WBA) stock has accumulated 2.81 percent of market value in 21 trading days.
WBA stock’s trailing 3-year beta is 0.89, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $4.3 share in the trailing 52 weeks. The stock’s value fallen -13.67 percent year to date (YTD) compared to a decline of -30.33 percent in 52 week’s period. The firm’s shares are still trading -31.65 percent below its 1-year high of $86.31 and 20.31 percent up from 52-week low of $49.03. The average consensus ranking on the company is 3.1, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.
Walgreens Boots Alliance, Inc. (WBA) is most likely going to rise -3.46 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $65-month high price target. This represents a whopping 10.19 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $58, which means a return possibility of -1.68 percent in comparison with the closing price of the stock of $58.99 on December 03. The lowest price set for the stock is $45 — just above -23.72 percent from WBA share price now.
Past records have indicated that shares in Walgreens Boots Alliance, Inc. rose on 9 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.
Let’s take a glimpse at some insider activity at Walgreens Boots Alliance, Inc. (NASDAQ:WBA) and observe the pattern. The earliest insider trade happened on 11/05/2019. Pagni Marco Patrick Anthony parted with a total of 234.36 thousand shares of the firm at average share price of $63.16. The total amount for the sale was set at $14.8 million. On completing this exchange, the EVP, Global CAO and GC account balance was 13.84 thousand shares. The stock lost -6.16 percent from that insider sale. On 08/14/2019, Pagni Marco Patrick Anthony, EVP, Global CAO and GC, did a sale of 215.32 thousand shares at a price of $50.48 per share. This got rid of 10.87 million shares from the insider’s fortune and the stock experienced a 17.41 percent rally in price since the news became public. This exchange saw 234.36 thousand shares get out from the EVP, Global CAO and GC account.
On 05/09/2019, EVP, Global CAO and GC Pagni Marco Patrick Anthony recorded a sale transaction valued at $1.06 million. The sale at $53.05 a share has eliminated 20 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 11.72 percent increase since the transaction reporting date. The company insider is left with 449.68 thousand shares remaining in the account. Barra Ornella, who works as Co-COO at the company, performed a purchase of 18 thousand shares in a transaction worth $982.08 thousand. The acquisition recorded on 04/03/2019 was priced at $54.56 per share. The stock price soared 8.63 percent since the transaction. Barra Ornella currently holds a stake of 1.74 million in WBA stock which is worth $102.9 million after the insider buying.
The stock is lingering around the initial support level of $58.12. After this, the following support is at the zone of $57.25. Up until the time the WBA stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 49.14 on the daily chart, and this may be a cause for concern. In case the price goes below $57.25 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $59.47 level may cause a pull-back move approaching $59.94 mark.
Walgreens Boots Alliance, Inc. (WBA) shares are trading at a P/E ratio of 13.7 times earnings posted in the trailing 12 months. The industry WBA deals with has an average P/E of 15.2. Its P/B ratio is standing at 2.2X compared to the 2.1 industry average. It is additionally sporting a 0.4 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.3. Walgreens Boots Alliance, Inc. has a 22% gross profit margin, with its operating margin around 3.7%. Alongside this, the company’s net profit margin currently stands at 2.9%.