Profile
Sector:
HealthcareIndustry:
Pharmaceutical RetailersCountry:
United StatesIPO:
17 March 1980Next earnings report:
03 January 2025Last dividends:
21 August 2024Next dividends:
18 November 2024Price
after hours | Sat, 16 Nov 2024 00:59:56 GMTAnalysts recommendations
Institutional Ownership
WBA Latest News
On the most recent trading day, Walgreens Boots Alliance (WBA) closed at $9.03, which is an increase of 0.22% compared to the previous day's closing price.
Walgreens has seen a significant 57% drop in its stock price, along with a reduction in dividends and limited chances for reinvestment, suggesting it isn't a great value right now and could struggle more. The company's high debt and a sharp decrease in free cash flow point to the possibility of another dividend cut, even with their plans for capital allocation. Additionally, their emphasis on reducing debt and reinvesting is concerning because of their past poor returns on invested capital.
Walgreens Boots Alliance has a forward yield of about 10.8%, which is the highest in the S&P 500 index. This high yield raises worries about a possible dividend trap because of poor growth expectations and financial difficulties, as shown in its latest Q4 earnings report. The report highlights major issues, such as store closures and a disappointing outlook for earnings per share growth.
Shareholders became worried about a new risk to the company's main operations, and announcing a new dividend did not ease their concerns.
DEERFIELD, Ill.--(BUSINESS WIRE)--Walgreens Boots Alliance, Inc. (Nasdaq: WBA) has announced that its board of directors will pay a quarterly dividend of 25 cents per share, the same as last quarter. This dividend will be paid on December 12, 2024, to shareholders who are on record as of November 18, 2024. Walgreens Boots Alliance and its earlier company, Walgreen Co., have consistently paid dividends for 368 consecutive quarters, which is 92 years.
Walgreens has recently revealed plans to shut down 1,200 stores in the coming years.
Walgreens Boots Alliance is currently undervalued, with low price-to-earnings ratios and a 44% discount compared to its book value, suggesting it has great potential for growth. The new CEO, Tim Wentworth, plans to cut costs and may sell VillageMD, which could improve cash flow and increase the company's value. Conservative valuation methods suggest that WBA is worth at least $28 per share, making it a good investment opportunity.
On Tuesday, the shares of Walgreens Boots Alliance (WBA), a major pharmacy company, dropped after TD Cowen, an investment bank, lowered its price target for the stock from $16 to $14.
The Dream Vault will offer free, high-quality fresh produce to over 175 local families each week. In an effort to enhance health equity and food security in Chicago, Walgreens is partnering with the non-profit Dion's Chicago Dream to set up a Dream Vault smart locker at their Gage Park store located at 55th and Kedzie.
Walgreens Boots Alliance Inc. (NASDAQ: WBA) is a major global pharmacy and healthcare retailer. Its stock has dropped 60% from its highest point in the last year and has decreased by 58.5% so far this year.
What type of business is Walgreens Boots Alliance?
Walgreens Boots Alliance, Inc. is an American company that owns the largest retail pharmacy chain and stores. It is involved in the sale of prescription and over-the-counter medications, personal hygiene products, cosmetics, and other goods. It was formed as a result of the merger between Walgreens Corporation and Alliance Boots in December 2014. Its portfolio of own commercial brands includes Walgreens, Duane Reade, Boots, and Alliance Healthcare, as well as more global brands of beauty and health products such as No. 7, Soap & Glory, Liz Earle, Sleek MakeUP, and Botanics. The list of brands is constantly expanding thanks to research and development of new products.
What sector is Walgreens Boots Alliance in?
Walgreens Boots Alliance is in the Healthcare sector
What industry is Walgreens Boots Alliance in?
Walgreens Boots Alliance is in the Pharmaceutical Retailers industry
What country is Walgreens Boots Alliance from?
Walgreens Boots Alliance is headquartered in United States
When did Walgreens Boots Alliance go public?
Walgreens Boots Alliance initial public offering (IPO) was on 17 March 1980
What is Walgreens Boots Alliance website?
https://www.walgreensbootsalliance.com
Is Walgreens Boots Alliance in the S&P 500?
Yes, Walgreens Boots Alliance is included in the S&P 500 index
Is Walgreens Boots Alliance in the NASDAQ 100?
Yes, Walgreens Boots Alliance is included in the NASDAQ 100 index
Is Walgreens Boots Alliance in the Dow Jones?
No, Walgreens Boots Alliance is not included in the Dow Jones index
When was Walgreens Boots Alliance the previous earnings report?
No data
When does Walgreens Boots Alliance earnings report?
The next expected earnings date for Walgreens Boots Alliance is 03 January 2025