Walgreens Boots Alliance Inc. (WBA) live price

Discover historical price data for Walgreens Boots Alliance Inc stocks and take your profit on price changes.

WBA

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8.24 USD -0.603139%

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Walgreens Boots Alliance is a pharmaceutical giant and dividend aristocrat. The corporation is notable for its stable profits and business stability even in times of crisis. Walgreens Boots Alliance stock is a value security. They are not characterized by sharp price spikes, so they can be included in an investment portfolio as a protective asset.

Basic company information

Walgreens is one of the largest drugstore chains in the United States. The company was founded in 1901 by Charles R. Walgreen Sr. Walgreen Sr. founded the chain after purchasing the Chicago-based Charles G. Walgreen & Co. Today, Walgreens operates more than 8,000 stores. The company is headquartered in Deerfield, Illinois.

Walgreens is a publicly traded company and a Fortune 500 company. In 2015, it merged with Alliance Boots, a leading international health and beauty retailer operated by pharmacies. The merger created the first pharmacy-led global health and wellness retailer. The Walgreens and Boots alliance represents more than 390 years of healthcare experience.

Company's activity

In addition to traditional pharmacy services, Walgreens also offers flu shots, health screenings and immunizations. Customers can take advantage of the company's online prescription services, allowing them to buy medications from a computer or mobile device. Walgreens also offers a wide range of products, including beauty products, over-the-counter medications and homeopathic remedies. With so much to offer, it's no surprise that Walgreens is one of the most popular pharmacies in the United States.

Walgreens provides many services aimed at promoting a healthy lifestyle. One of the most popular is the immunization program, which helps protect people of all ages from preventable diseases. The pharmacy also offers health screenings and counseling. In addition, the corporation offers a wide range of products to help people monitor their health. These include vitamins, supplements, and over-the-counter medications. Walgreens has a loyalty program that rewards customers for making healthy choices. These rewards can be used for future purchases or the purchase of gift cards.

The latest news on the stock rate

The pharmaceutical giant announced plans to grow its business. Walgreens profits have not been growing at the fastest pace lately. To remedy the situation, the corporation invested $5.2 billion in primary care practices. Adhering to this business development strategy, Walgreens bought a controlling stake in VillageMD. Together with the acquired organization, the corporation plans to open 1,000 clinics in more than 30 markets. The company plans to achieve this goal by 2027.

In Q4 2022, the company reported earnings per share for Walgreens of 80 cents. This exceeded the projected figure of 77 cents. Following the release of its latest quarterly results, the corporation provided an earnings outlook for Walgreens Boots Alliance stock in 2023. The drugstore chain expects adjusted earnings on the securities to range between $4.45 and $4.65.

✅ Benefits of investing in Walgreens

• The company has set a goal to provide primary care, urgent care and counseling services through a Walgreen Health segment in chain stores. The initiative is still in the early stages of development, but has already generated $596 million in revenue in the third quarter of 2022.
• Walgreens' profits may grow more slowly than other companies in the industry in the coming years. That means its stock will continue to lag in growth. However, shareholders can ignore this as they receive a high dividend from Walgreens. In 2022, the dividend yield on this pharma company's securities was more than 6%. By comparison, the average yield on the S&P 500 Index was 1.8%.

❌ Disadvantages of investing in Walgreens

• Walgreens Health's projected revenue growth rate is about 1.5%. The company expects that rate to increase by only $2 billion over the next five years. This means that it will be difficult for the corporation to expand quickly and offer its products or services to new customers. And at the same time pay enough attention to what makes it successful today - the established core segments that generate high profits.
• The retail pharmacy sector has been struggling lately mainly because of a lack of strong demand for these services among consumers. In the last 5 years alone, Walgreens stock has lost nearly 50% in value, despite being protected by strong cash flow.

Financial performance

Walgreens' fiscal year is not the same as the calendar year. The corporation's third quarter ended by early summer 2022. During the three months, the pharma company posted revenues of $32.6 billion, a decline of more than 4% year-over-year. The corporation's management attributes this situation to a 9.7% decline in total pharmacy sales in the U.S. Internationally, sales of the pharmacy chain in question rose 0.3% year over year to $5.3 billion. Walgreens Boots Alliance adjusted earnings per share were $0.96 for the quarter.

Walgreens' fourth fiscal quarter of 2022 ended at the end of August. Quarterly revenue was $32.45 billion, down from an earlier forecast of $32.09 billion. Pharmacy chain sales were down from the same period last year. The corporation posted a net loss of $415 million. By comparison, the company posted a net income of $627 million in the fourth quarter of fiscal 2021.

Walgreens stock price forecast in 2023, 2025, 2030

The October 14, 2022 price target of $33 for Walgreens stock was taken into account in the stock price forecast. Our analysts estimate that the pharma company's stock price in 2023 will fluctuate between $31 and $38. By 2025, Walgreens stock could rise to $54, according to an optimistic forecast. By 2030, analysts forecast quotes of $60.

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