Walgreens Boots Alliance Inc (NASDAQ:WBA) shares reached a new 52-week low on Tuesday . The stock traded as low as $53.27 and last traded at $53.18, with a volume of 386973 shares traded. The stock had previously closed at $54.10.

WBA has been the subject of several research analyst reports. Loop Capital set a $82.00 price target on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. TheStreet downgraded shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. Morgan Stanley reduced their price target on shares of Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 5th. Barclays reduced their price target on shares of Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Finally, BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.00.

The firm has a market cap of $49.95 billion, a P/E ratio of 8.84, a PEG ratio of 1.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.06). The business had revenue of $34.53 billion during the quarter, compared to analyst estimates of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.73 EPS. On average, research analysts expect that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, May 20th will be issued a $0.44 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.31%. Walgreens Boots Alliance’s payout ratio is 29.24%.

In other Walgreens Boots Alliance news, COO Ornella Barra acquired 18,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of $54.56 per share, for a total transaction of $982,080.00. Following the acquisition, the chief operating officer now owns 26,425 shares in the company, valued at $1,441,748. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.73% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Horan Capital Advisors LLC. purchased a new position in shares of Walgreens Boots Alliance during the 1st quarter worth approximately $25,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $27,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $29,000. Cornerstone Advisors Inc. boosted its position in shares of Walgreens Boots Alliance by 102.4% during the 3rd quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock worth $31,000 after purchasing an additional 214 shares during the period. Finally, PRW Wealth Management LLC purchased a new position in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $34,000. 65.05% of the stock is owned by institutional investors and hedge funds.

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Walgreens Boots Alliance Company Profile (NASDAQ:WBA)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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