Walgreens' cost-cut plans aim to save more than $1 billion annually

Walgreens Shares Slide on $1 Billion Cost-Savings Program

The retail pharmacy USA division had first quarter sales of $25.7 billion, an increase of 14.4% over the year-ago quarter.

A number of other hedge funds have also bought and sold shares of the business.

At the time of writing, Walgreens Boots Alliance, Inc. Asset Dedication LLC raised its position in shares of Walgreens Boots Alliance by 204.6% in the third quarter. California Public Employees Retirement System grew its position in Walgreens Boots Alliance by 7.7% in the 2nd quarter. Walgreens Boots Alliance stock price identified moved of -15.09% from its 52-week maximum price level and marked a change of 24.07% from its 52-week minimum price level. Sun Life Financial INC now owns 2,313 shares of the pharmacy operator's stock valued at $139,000 after purchasing an additional 2,057 shares during the period. Walgreens Boots Alliance, Inc.'s latest closing price distance was 5.04% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -7.74% and -10.21% compared with the 20 Day Moving Average. Moreover, individual price targets range between $65.00-$97.00. As outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A total of 13 analysts rate Walgreens Boots Alliance (NASDAQ:WBA) as follows: 2 "Buy", 9 "Hold" and 2 "Sell". About 12.69 million shares traded or 96.18% up from the average. The disclosure for this sale can be found here. The shares were sold at an average price of $78.77, for a total transaction of $4,096,040.00.

WBA has been the topic of several research reports. Walgreens Boots Alliance had 16 analyst reports since June 27, 2018 according to SRatingsIntel. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25 countries and employ more than 415,000 people. On Monday, October 8 the stock rating was maintained by RBC Capital Markets with "Outperform". (NASDAQ:WBA) earned "Equal-Weight" rating by Barclays Capital on Friday, October 12. The firm earned "Market Perform" rating on Monday, July 23 by Cowen & Co. As per Monday, July 2, the company rating was downgraded by Mizuho.

WBA stock traded down $1.36 during trading on Wednesday, hitting $74.12. The firm has a market cap of $72.09 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.19 and a beta of 0.76. Its EPS was $0.52 while outstanding shares of the company were 4.27B.

Equities research analysts forecast that Walgreens Boots Alliance Inc (NASDAQ:WBA) will report $33.58 billion in sales for the current quarter, Zacks reports.

Now let's turn to earnings surprise history: in the most recent quarter, the company reported about $33,442.00 million in revenue alongside EPS at $1.48. The company runs an ROE of roughly -11.2%, with financial analysts predicting that their earnings per share growth will be around 11.57% per annum for the next five year. Walgreens CEO Stefano Pessina has been seeking more partnership opportunities like this one. This represents a $1.76 dividend on an annualized basis and a yield of 2.40%. Walgreens Boots Alliance's dividend payout ratio is presently 29.24%.

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Walgreens Boots Alliance stock opened at $73.29 on Thursday. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with its equity method investments, has more than 18,500 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390 distribution centers delivering to more than 230,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.

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