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Walgreens Boots Alliance Posts 8% Sales Increase In Q1

14 January 2018

Alpha Windward LLC boosted its position in shares of Walgreens Boots Alliance by 0.6% in the third quarter. Bank of Hawaii now owns 7,589 shares of the pharmacy operator's stock valued at $631,000 after acquiring an additional 1,063 shares in the last quarter. Zions Bancorporation lifted its holdings in Walgreens Boots Alliance by 983.3% during the 3rd quarter. For the quarter ending Feb-18, 18 analysts have a mean sales target of 32,214.10 million whilst for the year ending Aug-18, 21 analysts have a mean target of 129,885.00 million. Andra AP fonden lifted its holdings in shares of Walgreens Boots Alliance by 35.3% in the second quarter. Its share price has decline -23.23% in three months and is down -4.51% for the last five trades. Franklin Resources Inc. increased its holdings in shares of Walgreens Boots Alliance by 24.7% during the 2nd quarter. Zacks Investment Management now owns 3,979 shares of the pharmacy operator's stock worth $321,000 after buying an additional 11 shares during the period.

Returns and Valuations for INC Research Holdings, Inc. The company holds 994.72 million outstanding shares and 844.55 million shares are floating in market.

Currently, the 14-day ADX for Walgreens Boots Alliance (WBA) is sitting at 23.56.

The initial exchange price will be set at a 30% premium to the reference share price that will be based on the arithmetic average of the daily volume-weighted average prices of a Share on the Swiss Stock Exchange over a period of 5 consecutive trading days commencing on 5 January 2018, subject as provided in the terms and conditions of the Bonds. Don't forget to ensure the company can pay its debts by looking at the current ration, which now is 1.1, and the quick ration, which now sits at 0.6. The 1 year EPS growth rate is 4.10%.

Taking a deeper look into the technical levels of Walgreens Boots Alliance (WBA), we can see that the Williams Percent Range or 14 day Williams %R now sits at -6.22. Adjusted earnings per share for the first quarter was $1.28 per share, beating estimates of $1.26 per share. The firm had revenue of $30.15 billion during the quarter, compared to analyst estimates of $29.93 billion. Expected 26.00% growth in earnings next year and P/E ratio of 19.88x give Walgreens Boots Alliance a quite high PEG ratio of 2.49x.

Walgreens Boots Alliance announced that its board has approved a share buyback plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. The stock has a market capitalization of $92.82 billion, a price-to-earnings ratio of 22.75 and a beta of 1.20. Investors of record on Monday, November 13th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, November 10th. Whether or not Walgreens Boots Alliance, Inc. fits your portfolio, at the very least you will have a greater understanding of the Services and Drug Stores.

In related news, Director John Anthony Lederer bought 20,000 shares of the stock in a transaction on Thursday, October 26th. The shares were purchased at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the sale, the director now directly owns 16,415 shares in the company, valued at $1,105,878.55. Insider's ownership held at 0.20% and Institutional owners keep 63.40% ownership in the company.

A number of other large investors have also recently added to or reduced their stakes in WBA. "Throughout 2017, we continued to demonstrate how we as a company embed our CSR values in everything we do", stated Ornella Barra, Walgreens Boots Alliance co-COO and chairman of the Corporate Social Responsibility Committee. Vetr upgraded shares of Walgreens Boots Alliance from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 12th. BidaskClub cut Walgreens Boots Alliance from a "hold" rating to a "sell" rating in a research note on Tuesday, September 12th. Modera Wealth Management LLC grew its stake in Walgreens Boots Alliance by 0.4% in the first quarter.

Walgreens Boots Alliance Posts 8% Sales Increase In Q1