WBA takeout of AmerisourceBergen could boost non-GAAP EPS 10% - Mizuho

How A Walgreens-AmerisourceBergen Combo Stacks Up Against CVS-Aetna

Jennison Associates LLC bought a new position in shares of Walgreens Boots Alliance during the 2nd quarter valued at approximately $1,110,000.

In this regard, we remind investors that the drugstore retailer and pharmacy-led, health and wellbeing enterprise already holds a 26% stake in AmerisourceBergen, which is part of their long-term strategic relationship, formed in 2013. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 14.80% of the company's stock.

CEO Pessina drove the Walgreens-Boots Alliance deal and more recently agreed to acquire 1,932 stores from smaller USA rival Rite Aid, partly in a bid to improve its ability to negotiate for lower drug costs. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. The beta factor is 1.16.Volatility shows sense of how far the stock will fall if the market takes a dive and how high stock will rise if the bull starts to climb.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, January 4th.

NIKE, Inc. (NKE) surprised the stock market in its last reported earnings when it earned $0.46 a piece versus the consensus-estimated $0.4. (NASDAQ:WBA) yearly performance is -17.82% and net profit margin is 3.20%. The business had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion.

The company's Average Revenue Estimate for the current quarter is $34.14 Billion, while Low and High Revenue Estimates are $32.78 Billion and $35.94 Billion respectively. This repurchase authorization permits the pharmacy operator to purchase shares of its stock through open market purchases.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. This represents a $1.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, February 14th. Walgreens Boots Alliance's payout ratio is 44.20%.




WBA has been the subject of a number of recent research reports. Jefferies Group set a $93.00 price target on Walgreens Boots Alliance and gave the company a "buy" rating in a report on Sunday, October 29th. The stock price of WBA is moving down from its 20 days moving average with -8.56% and isolated negatively from 50 days moving average with -7.03%.

Price earnings ratio (P/E) ratio Analysis about Walgreens Boots Alliance, Inc.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.88 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. The company now has an average rating of "Buy" and an average price target of $85.53.

AmerisourceBergen shares rose 15.7 percent in after-hours trading and shares of Walgreens, which has around 13,000 drugstores worldwide, mostly in the United States, were unchanged. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/14/walgreens-boots-alliance-inc-wba-shares-sold-by-oppenheimer-co-inc.html.

There is one, slightly ho-hum perk that Walgreens could achieve through the deal: a boost to the company's balance sheet. Its pharmacy, health and wellness services include retail, specialty, infusion and respiratory services, mail service and convenient care clinics.

A potential acquisition of drug distributor AmerisourceBergen by Walgreens Boots Alliance is right in line with CEO Stefano Pessina's past moves, analysts say, which would add another piece to the global pharmacy empire the Italian billionaire helped assemble.

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