|Bid||58.30 x 800|
|Ask||58.31 x 800|
|Day's Range||58.25 - 58.90|
|52 Week Range||49.03 - 83.33|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||13.55|
|Earnings Date||Jan 8, 2020|
|Forward Dividend & Yield||1.83 (3.12%)|
|1y Target Est||57.21|
If you’re a gutsy contrarian investor, consider betting that Walgreens Boots Alliance will have a far better 2020 than it has this year. Instead, the reason you might want to consider Walgreen’s (WBA) stock in 2020 is because it’s the worst year-to-date performer in the Dow Jones Industrial Average (DJIA) , with a loss (per FactSet) of 11.5% (through Dec. 6). Betting on a reversal from year-to-year performance is not as crazy as you might think.
In the latest trading session, Walgreens Boots Alliance (WBA) closed at $58.71, marking a +0.14% move from the previous day.
United Natural (UNFI) inks deals to sell 13 of its 43 Shoppers Food & Pharmacy stores to three distinct grocery operators. Also, the company will cease four Shoppers stores.
(Bloomberg Opinion) -- Selling Tesco Plc’s operations in Thailand and Malaysia for about 7 billion pounds ($9.2 billion) would be a nice parting present from outgoing Chief Executive Officer Dave Lewis to his successor Ken Murphy. But there could be a sting in the tail from such a lavish gift. Tesco would be even more focused on its home turf in the U.K., where it’s in a merciless battle with discounters from Germany.Tesco said on Sunday that it was carrying out a strategic review of the business, after receiving interest from potential buyers. Britain’s biggest supermarket is right to consider whether its remaining Asian operations might be worth more to a rival. Analysts at Bernstein estimate the Thai and Malay businesses could fetch between 6.5 billion pounds and 7.2 billion pounds. What’s more, with Bernstein estimating of typical transaction multiples in the region of about 13 times Ebitda, and Tesco currently trading on an enterprise value to Ebitda multiple of 7.6 times, then this unit isn’t being adequately reflected in Tesco’s valuation.The Asian business is a highly profitable one, with an underlying operating margin of 5.87% in the year to February 2019, close to twice that at both Tesco’s U.K. and central European divisions. Selling this arm would be a further retrenchment from Tesco’s international assault of the 1990s, and leave the company focused on its core retail operations in the U.K. as well as its bank in its home market. Its only overseas outpost would be central Europe, a business it would most likely love to sell if a buyer could be found.Tesco doesn’t need to offload assets to strengthen its balance sheet, in contrast to when it parted company with its South Korean business in 2015. It has been bringing down debt, enabling it to raise its dividend and generating hopes that it may soon begin returning cash to shareholders. A chunky price for the Thai and Malay units would make this even more likely. Indeed, the shares rose about 5% on Monday as investors salivated over a sizable buy-back or special dividend.It would also provide Murphy with a war chest to slash prices. He joins Tesco from Walgreens Boots Alliance Inc., where he spearheaded an expansion in China. However he has no direct experience of the cutthroat U.K. grocery sector. Pricing is one area where Lewis could have done more. Although he made Tesco more competitive with its suite of cheaper exclusive brands, he could have tackled the problem earlier in his tenure.With the disposal proceeds, Murphy would be able to move quickly. He needs to. The U.K. arms of the German discounters Aldi and Lidl continue to go from strength to strength, improving their premium offerings and moving into high-margin areas for the mainstream supermarkets, such as vegan food. Being able to more effectively fight the no-frills supermarkets would be helpful to the new CEO.He would also be able to put pressure on traditional supermarket rivals, such as as J Sainsbury Plc, Wm Morrison Supermarkets Plc and Walmart Inc.’s Asda, at a time when the grocery market is sluggish. Meanwhile, some of the proceeds could be used to beef up other areas of Tesco, such as its online operations and its cash and carry arm Booker.But prices on the shelves of its domestic supermarkets are the key driver of the retailer’s fortunes. And with an attractive Thai and Malay deal, it might just be able to get them right.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) will release its fiscal 2020 first quarter earnings results at 7 a.m. Eastern time Wednesday, January 8.
The U.S. Food and Drug Administration posted a notice this week that certain food items made by Fuji Food Products could be contaminated with Listeria monocytogenes. A recall has been issued for sushi ...
It’s National Influenza Vaccination Week and Walgreens is releasing the November report for the Walgreens Flu Index® reminding you that now is as good of a time as any to get your annual flu shot if you haven’t already. The November report shows markets across Louisiana leading with the most instances of flu, along with markets in other southern states and Las Vegas, Nev. –a change from last season where markets in Texas accounted for most of the top activity in November. Whether you’re in a top market or state with increased flu activity or not, the flu vaccine can take up to two weeks to become fully effective so it’s important to get the flu shot early and well before large gatherings in order to make the most of the holiday season.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Between 2006 and 2012, the data shows more than 2.5 billion prescription pain pills were supplied to North Carolina.
Walgreens Boots Alliance (WBA) closed the most recent trading day at $59.27, moving -0.55% from the previous trading session.
The leveraged buyout of Walgreens Boots Alliance has reportedly stalled as KKR & Co. runs into financing issues. Walgreens stock fell.
Walgreens' reported $50 billion leveraged buyout plan is facing financing-related challenges as the private-equity world struggles with how much money it can potentially lend the company amid pushback from their own investors.
Early data into the Yahoo Finance newsroom indicates Black Friday and holiday sales will break records. According to Adobe Analytics online retail sales on Thursday are expected to hit $4.4 billion. That would be up 18.9% year-over-year. But those profits won’t necessarily help those troubled retailers who are expected to close brick and mortar stores.
Walgreens Boots Alliance Inc (NASDAQ: WBA) is reportedly evaluating an offer to sell itself to private equity giant KKR, and Warren Buffett could insert himself into the saga, a portfolio manager told CNBC Tuesday. Behind the scenes, Walgreens CEO Stefano Pessina is the largest shareholder, and he has worked with KKR in the past to take Alliance Boots private, Smead said.
It’s unclear what Starboard’s playbook for engaging with CVS management is. The go-to move for activist investors—break up the company to unlock value for shareholders—seems to be impractical here.
FDA Says CBD Can Hurt Your Liver Potentially speaking. Potentially, anything can hurt your liver, but that isn’t stopping the Food and Drug Administration from singling out cannabidiol (CBD), the nonpsychoactive cannabinoid generally recognized as safe by most people, but not officially so by the FDA. The compound is now sold in pharmacies including CVS […]The post Market Morning: CBD Warning, Chemocentryx Win, Huge Tory Majority, Amazon Injuries appeared first on Market Exclusive.
Optimism on the trade front and the renewal of the "Merger Monday" theme sent stocks rallying to record highs on Monday. But no members of the Dow Jones Industrial Average were involved in the leap today.Source: Provided by Finviz * The S&P 500 soared 0.75% * The Dow Jones Industrial Average advanced 0.68% * The Nasdaq Composite added 1.32% * UnitedHealth (NYSE:UNH) paced the Dow with a gain of 2%, extending recent gains that have helped the stock rank as one of the best large-cap healthcare names in recent weeksOn the mergers and acquisitions front, as has been widely speculated, Charles Schwab (NYSE:SCHW) announced a $26 billion offer for rival TDAmeritrade (NASDAQ:AMTD). In another widely forecast deal, French luxury goods maker LVMH is buying Tiffany (NYSE:TIF) for more than $16 billion. Of course, the Tiffany name and prestigious blue boxes will be retained. * 7 Top Stocks to Buy for 2020 In a sign that trade negotiations may have some credible momentum, China is promising to implement harsher penalties on violators of intellectual property rights, long a sticking point for the Trump Administration.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile some data points suggest Beijing hasn't yet upped purchases of American farm goods as promised (soybean exports to China declined last month), markets are more concerned with the intellectual property issue because that has been a drag on a slew of big-name U.S. tech companies over the course of the trade war.On another trade-related note, CNBC star Jim Cramer said today that the mainstream media's treatment of Chinese President Xi Jinping and President Trump, making the former out to be the good guy and the latter a "mad man," has been unfair.Opinions aside, it appears that Phase I of a trade deal is close to happening, but investors shouldn't bank on Phase II being realized anytime soon. UnitedHealth Stock Is on FireAs noted last week, some momentum has been percolating in Dow Jones healthcare names, including managed care provider UnitedHealth.The managed care provider extended its recent bullishness today on relatively light news. The company said it's opening 14 UnitedHealthcare Medicare services centers in Walgreens (NASDAQ:WBA) stores in five metropolitan areas across the country."The UnitedHealthcare Medicare services centers will begin to open in January 2020 at Walgreens stores in the Las Vegas, Phoenix, Cleveland, Denver and Memphis markets," according to the companies.The more plausible explanation for UNH's Monday rally is probably recent data indicating hedge funds were eager buyers of the stock when it was slumping earlier this year. Disney DeliversAlthough it was in modest fashion today, Disney (NYSE:DIS) just keeps on delivering for investors and no, I'm not talking about streaming today. Streaming is a nice a compliment to Disney's core businesses, which include making movies.Frozen 2 got off to a solid start over the weekend, hauling in $127 million in box office receipts."The film's box office sales fell in line with analysts' expectations of $100 million to $140 million, and it's estimated sales will remain strong throughout the Thanksgiving weekend," according to Schaeffer's Investment Research. Intel InterestOn a day when positive trade news took center stage, it wasn't surprising to see all of the Dow's technology constituents finish in the green. Semiconductor giant Intel (NASDAQ:INTC) was the leader of that pack, gaining 2%. Chip stocks, including Intel, have long been sensitive to the trade intellectual property issue with China so progress on that front is a boon for Intel shareholders.However, some chip industry observers believe growth in share prices is being supported by buybacks, not robust demand. * 7 Strong Buy Stocks That Are Bargains Right Now "Keep in mind that most of the double-digit sales growth expected next year will be regaining lost ground to get back to 2017 levels -- before the U.S. trade conflict with China," reports MarketWatch. "Meanwhile, because of flat earnings, the stocks are much more expensive than they were in December." Bottom Line on the Dow Jones TodayAssuming the aforementioned trade chatter is legitimate and Phase I is signed before the end of the year, that would remove a significant volatility overhang investors have had to contend with this year. Then again, if you're investing for the long-term, it's best not to get caught up in daily market gyrations.Don't just take my word for it."Taking all of this into account, I would argue that short-term volatility is unsettling but is not the biggest risk to long-term investors," said BlackRock in a recent note. "Fleeting price changes should be of little concern to someone investing for a retirement that is five, 10, 15 or more years away. They may even represent opportunity, as company fundamentals are the predominant driver of long-term investment returns."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Sickly Healthcare Stocks to Avoid * 5 Lottery Stocks With Huge Upside -- And a Real Chance of $0 * 7 Top Stocks to Buy for 2020 The post Dow Jones Today: Trade Optimism, Merger Activity Send Stocks Soaring appeared first on InvestorPlace.
The plan will roll out at the beginning of 2020 with 14 centers at Walgreens stores in Cleveland, Denver, Las Vegas, Phoenix, and Memphis.
UnitedHealthcare®, the health benefits business of UnitedHealth Group (UNH), and Walgreens will open 14 UnitedHealthcare Medicare services centers within Walgreens stores in five metropolitan areas as part of a multiyear agreement. “We are expanding access to UnitedHealthcare Medicare resources to better serve our members, providing them with all the valuable benefits they have come to expect from their UnitedHealthcare Medicare Advantage plans plus delivering the customer service and information they desire locally within Walgreens,” said Mike Anderson, CEO of the Medicare Part D business at UnitedHealthcare.
New government data show that total health care spending in 2018 spiked 4.6%. That's a lot higher than income growth, which was just 3% in 2018. The reason: More Americans are foregoing health coverage, leading to a rise in health care spending nationwide.
Citi downgraded Netflix to neutral, Piper Jaffray raised its Tesla price target, and Deutsche Bank reiterated its sell rating on Walgreens. Yahoo Finance's Ines Ferre reports from the floor of the New York Stock Exchange.