Walgreens Pumps $418 Million Into China's Top Pharmacy Chain

The NYSE listed company saw a recent bid of $23.055 and 3897067 shares have traded hands in the session. Walgreens Boots Alliance, Inc.'s P/E ratio is 18.58. We see here that Walgreens Boots Alliance, Inc. This buyback authorization permits the pharmacy operator to repurchase shares of its stock through open market purchases.

Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. The ERP5 of Walgreens Boots Alliance, Inc. The stock has "Buy" rating by Zacks on Monday, August 24. Reilly Financial Advisors LLC grew its position in shares of Walgreens Boots Alliance by 7.9% in the second quarter. The stock has performed -2.85% over the last seven days, 4.95% over the last thirty, and -14.16% over the last three months. Finally, American Century Companies Inc. lifted its stake in Walgreens Boots Alliance by 1,145.3% in the 2nd quarter. The stock decreased 0.65% or $1.46 during the last trading session, reaching $223.49.

Walgreens Boots Alliance Inc (NASDAQ:WBA) traded up $0.87 during trading on Wednesday, hitting $71.05. Walgreens Boots Alliance, Inc. During the same quarter in the previous year, the company earned $1.07 earnings per share. (NASDAQ:WBA)'s performance this year to date is -15.20%. (NASDAQ:WBA)'s RSI (Relative Strength Index) is 47.39. The company had revenue of $30.15 billion during the quarter, compared to analyst estimates of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. Over the last six months, Walgreens Boots Alliance, Inc.'s stock has been -13.85% and -17.44% for the year. During the same period past year, the firm posted $1.07 EPS. (NASDAQ:WBA) rating on Monday, November 16. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. (NasdaqGS:WBA) is 0.033538. This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased. Walgreens Boots Alliance's dividend payout ratio is presently 42.33%. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. The target price per share by Deutsche Bank suggests upside of 10.43 % from the last price. (NasdaqGS:WBA) for last month was 1.09178. Loop Capital initiated coverage on Walgreens Boots Alliance in a report on Thursday, August 24th. The stock of Gem Diamonds Limited (LON:GEMD) earned "Buy" rating by FinnCap on Wednesday, August 19. As per Wednesday, October 28, the company rating was upgraded by RBC Capital Markets. The rating was maintained by Needham with "Buy" on Tuesday, November 21.

In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $85.89, for a total transaction of $234,995.04. Following the purchase, the director now directly owns 50,000 shares in the company, valued at $3,350,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The shares were bought at an average cost of $67.00 per share, with a total value of $1,340,000.00. Wellington Management Group LLP raised its position in shares of Walgreens Boots Alliance by 5.9% during the first quarter. If you are reading this news story on another domain, it was stolen and republished in violation of United States and global copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.truebluetribune.com/2017/12/07/walgreens-boots-alliance-inc-wba-stake-lessened-by-sprucegrove-investment-management-ltd.html.

GuoDa, which operates and franchises 3,500 retail pharmacies across 70 cities in China, said the Walgreens investment would help its nationwide expansion plans. The Company's products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

Related Articles

  • Rupert Murdoch's $30M Bel-Air vineyard is a fireball right now

    Rupert Murdoch's $30M Bel-Air vineyard is a fireball right now

    The Skirball fire broke out early Wednesday morning and has already stretched more than 100 acres. Moraga Vineyards does fall within the evacuated area.
    Letter to Editor: Remember Pearl Harbor

    Letter to Editor: Remember Pearl Harbor

    It also honors the 16.5 million people who served in the Armed Forces during World War II, including 326,000 Minnesotans. The attack on that "day of infamy" claimed the lives of 2,334 servicemen and servicewomen and wounded another 1,143.
    Da Vinci sold for US$450m headed for Louvre Abu Dhabi museum

    Da Vinci sold for US$450m headed for Louvre Abu Dhabi museum

    It is one of fewer than 20 paintings generally accepted as being from the Renaissance master's own hand, according to Christie's. The newspaper said that the work will be lent or resold to museums, largely in the Middle East and Asia.
  • MediaTek Announces SoCs Optimized for Android Oreo Go Edition

    MediaTek Announces SoCs Optimized for Android Oreo Go Edition

    Googler Hoi Lam announced the news on Google+ , adding that the timing of each device's update is determined by the manufacturer. Android 8 .1 Oreo gets Neural Networks API which enables faster computation and interface on your Android smartphone.
    Ball State Set to Play Against Top 10 Opponent Notre Dame

    Ball State Set to Play Against Top 10 Opponent Notre Dame

    The Fighting Irish entered the game as almost 20-point favorites over their in-state opponent but instead dropped to 3-1 at home. The Red and Blue have placed a heavy emphasis on defense in practice in order to play strongly against a hungry Notre Dame team.
    China Think Tank Calls for 'Democratic' Internet Governance

    China Think Tank Calls for 'Democratic' Internet Governance

    The World Internet Conference comes after a year in which China has become more assertive over its perceived right to regulate its internal Internet.
  • Tracking Shares of Enable Midstream Partners LP (ENBL) — Market Focus

    Essex Financial Service Incorporated has invested 0.84% in Philip Morris International Inc. (NASDAQ:CPRT) for 876,131 shares. It improved, as 23 investors sold CPRT shares while 8 reduced holdings. 25 funds opened positions while 58 raised stakes.

    How Analysts Feel About Revance Therapeutics, Inc. (NASDAQ:RVNC)?

    Finally, PointState Capital LP boosted its position in shares of Revance Therapeutics by 58.5% in the second quarter. It has outperformed by 3.70% the S&P500.The move comes after 9 months positive chart setup for the $1.06B company.
    Gourde keys Lightning surge in 6-2 win over Islanders

    Gourde keys Lightning surge in 6-2 win over Islanders

    The Lightning hope to improve on their solid start to the homestand when they welcome the Colorado Avalanche to AMALIE Arena. The Islanders went 11 minutes without a shot to start the first and were outshot 11-2 overall in the period.
  • Nigeria Army removes Lafiya Dole commander over Boko Haram resurgence

    Nigeria Army removes Lafiya Dole commander over Boko Haram resurgence

    Attahiru's removal comes in the wake of a series of "embarrassing" attacks, two military sources told Reuters. Sani Usman, said troops engaged the insurgents at Miyanti Darel Jamel and Sabsawa axis of the state.
    'World's most beautiful' six-year-old targeted by creeps

    'World's most beautiful' six-year-old targeted by creeps

    Previously the most attractive girl was named the French Tilan Blondo that also had an awesome appearance at the age of six. Each post racks up hundreds of comments from users complimenting the 6-year-old's handsome eyes and striking features.
    Derek McInnes misses training after Rangers approach

    Derek McInnes misses training after Rangers approach

    Aberdeen have knocked back Rangers' approach for manager Derek McInnes - but the Ibrox club are not ready to give up it is believed.