Walgreens Boots Alliance reports above-forecast fourth quarter profit and revenue

A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Rhumbline Advisers now owns 1,470,541 shares of the pharmacy operator's stock valued at $122,128,000 after purchasing an additional 46,765 shares in the last quarter. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst. This is a boost from Walgreens Boots Alliance's previous quarterly dividend of $0.36. About 7,295 shares traded. On a weekly basis, the stock is 2.39%. Institutional investors and hedge funds own 60.19% of the company's stock. (WBA) traded up 0.53% during mid-day trading on Thursday, hitting $69.73. These types of traders like to get in well ahead of a large spike, so it's always a smart move to monitor unusual volume.

A total of 20,410,808 shares exchanged hands during the intra-day trade contrast with its average trading volume of 18.50M shares, while its relative volume stands at 1.10. In terms of moving averages, the 200-day is now at 474.62, the 50-day is 443.84, and the 7-day is resting at 372.53. Walgreens Boots Alliance, Inc. has a 12-month low of $66.05 and a 12-month high of $88.00. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since October 25, 2016 and is uptrending. The business had revenue of $30.15 billion during the quarter, compared to the consensus estimate of $29.93 billion. Greenleaf Trust's holdings in Walgreens Boots Alliance were worth $467,000 as of its most recent SEC filing. On average, equities analysts anticipate that Walgreens Boots Alliance will post $5.00 EPS for the current year.

The stock of Walgreens Boots Alliance Inc (NASDAQ:WBA) is a huge mover today! This repurchase authorization authorizes the pharmacy operator to repurchase up to 5.9% of its shares through open market purchases.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 2.31%.

WBA has been the topic of several recent analyst reports. Finally, UBS Group AG restated a "buy" rating and set a $96.00 target price (down from $97.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a "sell" rating to a "hold" rating in a research report on Tuesday, June 21st. Jefferies Group LLC reaffirmed a "buy" rating and issued a $95.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, September 7th.

Shares of Walgreens Boots Alliance (NASDAQ WBA) traded up 0.92% during trading on Thursday, reaching $70.00. Tesco Corporation has 1 buy ratings, 4 holds and 0 sells even after the stock tumbled -55.44% from its high of $ 9.65 to a $205.54 million market value through last close. CCI generally measures the current price relative to the average price level over a specific time period.

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Boots owner Walgreens Boots Alliance has seen a boost in sales largely thanks to its United Kingdom arm's strong pharmacy sales.

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