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Walgreens Boots Alliance, Inc. (WBA), Chubb Limited (CB)
16 February 2018, 06:11 | Vickie Mathis
Digging Into The Data: Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
The fund owned 343,234 shares of the pharmacy operator's stock after acquiring an additional 76,684 shares during the quarter. Zions Bancorporation lifted its position in Walgreens Boots Alliance by 983.3% in the 3rd quarter. MLHR has diverse figures for different time frames; starting from week's performance plunged -2.52% in last five regular trading sessions.
In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of the company's stock in a transaction that occurred on Monday, January 15th. Their average price target spell out an upbeat performance - a 26% and would give WBA a market capitalization of almost $85.03B. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
"This purported deal wouldn't be shocking ... but we're now struggling to see the strategic allure of the combination for Walgreens", Baird analyst Eric Coldwell said.
Several brokerages recently weighed in on WBA. SELL rating has been given by 0 analyst (s) and 7 analyst (s) given BUY rating to the stock. ValuEngine downgraded shares of Walgreens Boots Alliance from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. The target implies a 26.12% spike from where the shares are now trading.
On Tuesday, industry experts said they struggle to see much of an upside in the rumored move by Walgreens. The stock is a Buy among 0 brokerage firms polled by Factset Research. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The shares recently went down by -0.25% or -$0.17 and now trades at $68.29. The Firm has ATR of 1.08 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range. Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded N/A as current ratio and on the opponent side the debt to equity ratio was 0.26 and long-term debt to equity ratio also remained 0.26. Company fiscal year is ending in August and analysts' consensus recommendation is Outperform for WBA and estimated EPS for next quarter is 1.48. The business had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion. The Stock has YTD (year to date) performance of -5.96 percent. According to the Analysts, the Low Earnings estimate for the current quarter is $1.35, while the High earnings estimate is $1.64.Comparatively, EPS for the same quarter previous year was $1.43. Amerisource. Amerisource had a market cap of approximately $19.6 billion, which Walgreens owns about $5.1 billion. This repurchase authorization authorizes the pharmacy operator to buy shares of its stock through open market purchases. The Stock shows P/E value of 17.64 and Forward P/E of 12.72. With an institutional ownership near 86.2%, it carries an earnings per share ratio of -0.39. This represents a $1.60 annualized dividend and a dividend yield of 2.34%. The most strategic deal for Walgreens in the current payer-centric environment, though, would be buying an insurer, he said. If you are viewing this article on another publication, it was copied illegally and republished in violation of US and worldwide copyright and trademark legislation.
AmerisourceBergen shares rose 15.7 percent in after-hours trading and shares of Walgreens, which has around 13,000 drugstores worldwide, mostly in the United States, were unchanged.
The companies, along with pharmacies like Walgreens, have been feeling pressure from the potential that Amazon could be getting into healthcare. The assets would well supplement Walgreens' pharmaceutical-wholesale business, which distributes products to doctors, hospitals and pharmacies globally.
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