Walgreens Boots Alliance Inc Declares Quarterly Dividend of $0.40 (WBA)

Walgreens Boots Alliance Inc (NASDAQ:WBA) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.40 per share by the pharmacy operator on Monday, March 12th. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, February 14th.

Shares of Walgreens Boots Alliance (NASDAQ:WBA) opened at $76.47 on Friday. The stock has a market capitalization of $75,290.84, a P/E ratio of 21.12, a PEG ratio of 1.28 and a beta of 1.22. Walgreens Boots Alliance has a one year low of $63.82 and a one year high of $88.00. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. The business had revenue of $30.74 billion during the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. sell-side analysts predict that Walgreens Boots Alliance will post 5.71 earnings per share for the current fiscal year.

Walgreens Boots Alliance announced that its board has initiated a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the pharmacy operator to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have recently issued reports on WBA shares. Jefferies Group reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Monday, October 2nd. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Walgreens Boots Alliance in a research note on Wednesday, October 25th. Mizuho set a $94.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $94.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, October 12th. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.20.

In other news, Director John Anthony Lederer acquired 20,000 shares of Walgreens Boots Alliance stock in a transaction on Thursday, October 26th. The shares were bought at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stefano Pessina acquired 98,858 shares of Walgreens Boots Alliance stock in a transaction on Monday, January 15th. The shares were purchased at an average price of $76.07 per share, for a total transaction of $7,520,128.06. The disclosure for this purchase can be found here. Company insiders own 14.80% of the company’s stock.

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Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

Dividend History for Walgreens Boots Alliance (NASDAQ:WBA)

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