Performing Movers In Wall Street Facts: Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Ken Copeland
October 27, 2017

Looking into last 5 trades, the stock observed a return of nearly 2.39%. MCF Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 68.2% during the first quarter. However, -12.29% over the last one month, -11.96% for the last quarter and year to date performance stands at -16.19%. Traders can make of these figures one thing: sentiment in terms of actual shares traded is heating up. On a weekly basis, the stock is 2.39%. However, the institutional investors are observed to own 62.10% of the total shares. (WBA) traded up 0.53% during mid-day trading on Thursday, hitting $69.73.

Walgreens' shares were slightly lower at $67.20 in morning trading. The stock exchanged hands with 16,797,534 numbers of shares compared to its average daily volume of 6.00M shares. On a similar note, the stock is -10.2% below its 50-day moving average, providing a measure of support for short positions. The company's distance from 52-week high price is -0.89% and the current price is 37.27% away from 52-week low price. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since October 25, 2016 and is uptrending. The pharmacy operator reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.10. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. The higher end of the revenue estimate is $19.85 Billion and the lower end is $19.85 Billion. During the same quarter a year ago, the firm posted $1.07 EPS. On average, equities analysts anticipate that Walgreens Boots Alliance will post $5.00 EPS for the current year. This repurchase authorization permits the pharmacy operator to buy up to 5.9% of its shares through open market purchases.

However, the company, which took over Boots in 2014, also reported that pre-tax profits fell from $5.1bn to $4.8bn over the same period.

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Walgreens also formed a venture with Prime, called AllianceRX Walgreens Prime, to handle mail orders and specialty prescriptions for their combined customers. Loop Capital assumed coverage on shares of Walgreens Boots Alliance in a research report on Thursday, August 24th. Guggenheim reiterated a "buy" rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. BidaskClub downgraded Walgreens Boots Alliance from a "hold" rating to a "sell" rating in a research note on Tuesday, September 12th. Bank of America Corp. reissued a "buy" rating on shares of Walgreens Boots Alliance in a report on Monday, June 13th. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & worldwide copyright laws. The original version of this story can be accessed at https://stocknewstimes.com/2017/10/26/share-buyback-program-declared-by-walgreens-boots-alliance-wba.html.

The company past year snatched a contract from larger rival CVS Health Corp to fill prescriptions for Tricare, a Department of Defense healthcare program, and for customers of Prime Therapeutics, a Minnesota-based pharmacy benefit manager.

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