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Stocks with Perfect Investment Pair: Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
11 October 2017, 08:29 | Kelvin Horton
The share price of the company (NASDAQ:WBA) was down -1.44%, with a high of 70.99 during the day and the volume of Walgreens Boots Alliance, Inc. shares traded was 11981885.
(NASDAQ:WBA) now has a beta of 1.24 making it more volatile than the market overall which by definition has a beta of 1. This works out to a net decrease in ownership of 10.09 million shares, and suggests that institutions are feeling bearish about the stock.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Waldron LP raised its position in shares of Walgreens Boots Alliance by 67.7% during the 1st quarter. After a recent spot-check, the stock has touched $11.56 which represents a change from the open of 0.17%. Investors who observing the volume trend of Walgreens Boots Alliance, Inc. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator's stock worth $135,000 after purchasing an additional 213 shares during the last quarter. (NYSE:RES) has been 1.53 million shares per day over the past 30 days. Nwam LLC now owns 3,811 shares of the pharmacy operator's stock valued at $317,000 after acquiring an additional 300 shares during the last quarter. RES has a 1-week performance of -6.58%. As of quarter end Marshwinds Advisory Co had disposed of 490 shares trimming its stake by 9.7%.
Several analysts have recently weighed in on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Needham started coverage setting a rating of "Hold".
Among new and sold out positions, 87 holders initiated new positions by a total of 5.81 million shares and 82 holders exited their positions by a total of 5.13 million shares.
09/27/2017 - Walgreens Boots Alliance, Inc. was downgraded to "market perform" by analysts at Raymond James. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.00, which implies that analysts are generally neutral in their outlook for WBA over the next year. (NASDAQ:WBA) has a beta of 1.24, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Sell-side firms now have a consensus recommendation of 2.40 on the shares. The shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the transaction, the director now directly owns 19,151 shares of the company's stock, valued at $1,528,058.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock.
TRADEMARK VIOLATION NOTICE: This article was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. This is a boost from Walgreens Boots Alliance's previous quarterly dividend of $0.38. If you are accessing this report on another site, it was illegally stolen and reposted in violation of global trademark & copyright law.
Rational Advisors LLC bought a new position in Walgreens Boots Alliance, Inc. Walgreens Boots Alliance, Inc. has a 12-month low of $70.21 and a 12-month high of $89.69. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges.
The most current P/E ratio is 17.61 and the market cap of the company is 74.62B.
Walgreens Boots Alliance announced that its board has authorized a stock repurchase plan on Thursday, June 29th that allows the company to repurchase $5.00 billion in shares. Beta value of the stock is marked at 1.24.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Montecito Bank & Trust grew its stake in shares of Walgreens Boots Alliance by 3.6% in the 2nd quarter. This represents a $1.60 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 16th. The Pharmaceutical Wholesale segment consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses.
Performance Evaluation of Walgreens Boots Alliance, Inc. The Company is a pharmacy-led health and wellbeing company.
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