Is Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Oversold?

The value of the investment in Walgreens Boots Alliance, Inc. decreased from $646,000 to $582,000 decreasing 9.9% quarter to quarter. (NASDAQ:WBA)'s P/E is 17.62. Over the past week, shares are -9.04%. (NASDAQ:WBA) shares can stay above the price resistance around $70.8 a share, that could help propel Walgreens Boots Alliance, Inc. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Waldron LP raised its position in shares of Walgreens Boots Alliance by 67.7% during the 1st quarter. The 50 day moving average moved down $-8.87 and the 200 day average moved down $-10.17. Commerzbank Aktiengesellschaft FI raised its position in shares of Walgreens Boots Alliance by 42.0% during the 1st quarter.

The stock has returned -15.60% since the starting of the year when viewing the starting price as compared to the ending price. Webster Bank N.A. raised its position in shares of Walgreens Boots Alliance by 18.4% during the 1st quarter. This is apparently because shareholders use the 52-week high as an "anchor" against which they value stocks, thus they tend to be reluctant to buy a stock as it nears this point regardless of new positive information. Teacher Retirement System of Texas grew its holdings in Walgreens Boots Alliance by 2.7% in the second quarter. (NYSE:RES) has been 1.53 million shares per day over the past 30 days. North Star Investment Management Corp. controls 82,295 shares valued at $6,355,000.

A number of equities research analysts recently issued reports on WBA shares.

To gain some better insight into how Walgreens Boots Alliance, Inc. Jefferies Group LLC reiterated a "buy" rating and set a $95.00 target price on shares of Walgreens Boots Alliance in a research report on Monday, October 2nd. A rating of 4 or 5 would represent a Sell recommendation.

Walgreens Boots Alliance, Inc., launched on September 2, 2014, is a holding company. Needham & Company LLC reissued a "buy" rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The rating was maintained by Credit Suisse on Thursday, September 1 with "Outperform". The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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Institutional investors have also been busy with the stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. Boosts Holdings in Walgreens Boots Alliance, Inc. Walgreens Boots Alliance, Inc. has a 12-month low of $70.21 and a 12-month high of $89.69.

03/27/2017 - Walgreens Boots Alliance, Inc. had its "outperform" rating reiterated by analysts at Robert W. Baird. Over the course of the a year ago WBA has set a 52-week high of $88.00 while the corresponding low set was $72.77. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance, Inc. with MarketBeat.com's FREE daily email newsletter. About 12.13M shares traded or 87.48% up from the average. The company has the market capitalization of $73.66B while its P/B ratio was 2.46.

Walgreens Boots Alliance announced that its board has authorized a stock repurchase plan on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization allows the pharmacy operator to repurchase up to 5.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued. This is an increase from Walgreens Boots Alliance's previous quarterly dividend of $0.38. The dividend payment was $0.400 per share for the quarter which comes to $1.60 on an annualized basis. The ex-dividend date was Wednesday the 16th of August 2017. Walgreens Boots Alliance's dividend payout ratio is presently 40.30%. During the past six months, Walgreens Boots Alliance, Inc. The Company is a global pharmacy-led, health and wellbeing enterprise. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

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