Walgreens Boots Alliance, Inc Receives a Shareholder Proposal from Kenneth Steiner (2024)

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10:06:04 2024-04-23 am EDT
5-day change 1st Jan Change
18.42 USD +1.07% Walgreens Boots Alliance, Inc Receives a Shareholder Proposal from Kenneth Steiner (1) +3.54% -30.05%
Apr. 15 Truist Securities Adjusts Price Target on Walgreens Boots Alliance to $20 From $25 MT
Apr. 12 RBC Capital Cuts Walgreens Boots Alliance's Price Target to $22 From $26, Sector Perform Rating Kept MT

On December 8, 2023, Walgreens Boots Alliance, Inc announced that it has received a shareholder proposal from Kenneth Steiner requesting the board to adopt an enduring policy, and amend the governing documents as necessary in order that 2 separate people hold the office of the Chairman and the office of the CEO. In addition, the board has recommended a vote against this proposal at the 2024 Annual Meeting of Shareholders to be held on January 25, 2024.

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Latest news about Walgreens Boots Alliance, Inc.

Truist Securities Adjusts Price Target on Walgreens Boots Alliance to $20 From $25 MT
RBC Capital Cuts Walgreens Boots Alliance's Price Target to $22 From $26, Sector Perform Rating Kept MT
UBS Cuts Walgreens Boots Alliance's Price Target to $22 From $25, Maintains Neutral Rating MT
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Economic Data Leave Equity Markets Mixed; Yields Surge MT
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Walgreens Boots Alliance's Fiscal Q2 Non-GAAP Earnings, Sales Rise; Fiscal 2024 Adjusted EPS Outlook Revised MT
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Investors only care for Easter Walgreens Boots Alliance, Inc Receives a Shareholder Proposal from Kenneth Steiner (2)
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Chart Walgreens Boots Alliance, Inc.

Walgreens Boots Alliance, Inc Receives a Shareholder Proposal from Kenneth Steiner (3)

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Company Profile

Walgreens Boots Alliance, Inc. specializes in the distribution of pharmaceutical products. Net sales break down by activity as follows:- retail distribution (87.2%): selling prescription drugs, OTC medicines, beauty and cosmetic products, etc. in the United States (90.9% of net sales) and internationally (9.1%). At the end of August 2023, the activity is carried out through 13,532 outlets (of which 8,706 located in the United States, Puerto Rico and the US Virgin Islands), and through the Internet;- wholesale distribution (8.1%).The remaining sales (4.7%) are from the healthcareNet sales break down geographically as follows: the United States (84%), Germany (8.1%), the United Kingdom (6.5%) and other (1.4%).

Sector

Drug Retailers

Calendar

2024-06-26 - Q3 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysis / Opinion

Walgreens CEO on Narrowed Forecast, Shoppers Cutting Back Spending March 28, 2024 at 03:59 pm EDT
Walgreens Boots Alliance, Inc. first light at the end of the tunnel? November 27, 2023 at 10:22 am EST

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Ratings for Walgreens Boots Alliance, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Walgreens Boots Alliance, Inc Receives a Shareholder Proposal from Kenneth Steiner (6)

Buy

Mean consensus

HOLD

Number of Analysts

20

Last Close Price

18.22USD

Average target price

23.34USD

Spread / Average Target

+28.08%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED

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NAHDI MEDICAL COMPANY

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CORPORATIVO FRAGUA, S.A.B. DE C.V.

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WELCIA HOLDINGS CO., LTD.

-4.10% 3.14B

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Walgreens Boots Alliance, Inc Receives a Shareholder Proposal from Kenneth Steiner (17)

Walgreens Boots Alliance, Inc Receives a Shareholder Proposal from Kenneth Steiner (2024)

FAQs

Who are the shareholders of Walgreens Boots Alliance? ›

Shareholders
NameEquities%
Eaton Vance Management 1.966 %16,957,0001.966 %
Geode Capital Management LLC 1.920 %16,560,0441.920 %
BlackRock Life Ltd. 1.561 %13,458,5321.561 %
Legal & General Investment Management Ltd. 0.8530 %7,356,3930.8530 %
6 more rows

What is Walgreens Boots Alliance strategy? ›

The company's strategic focus on healthcare services and omnichannel retailing positions it for potential growth amidst industry shifts. Legal challenges and market volatility present ongoing threats to WBA's operational stability and profitability.

How did Walgreens become Walgreens Boots Alliance? ›

Walgreens acquires a 45 percent stake in Alliance Boots, taking the first step in the strategic partnership to create the first global pharmacy- led, health and wellbeing enterprise. Walgreens and Alliance Boots form Walgreens Boots Alliance Development joint venture in Bern, Switzerland.

How much did Walgreens pay for Boots Alliance? ›

The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion.

Who is the largest shareholder of Walgreens? ›

Used by scammers

Please be aware that if you have received a link to this article in an email, text or by any other means, it is likely a scam. Stefano Pessina (born 4 June 1941) is an Italian-Monegasque billionaire businessman; he is the executive chairman and largest single shareholder of Walgreens Boots Alliance.

Who is the top shareholder of Walgreens? ›

Stefano Pessina is the largest individual Walgreens Boots Alliance shareholder, owning 637.87M shares representing 73.94% of the company.

Who is the current CEO of Walgreens Boots Alliance? ›

Tim Wentworth joined Walgreens Boots Alliance, Inc. as Chief Executive Officer in October 2023. He also is a Director on WBA's Board.

Is Walgreens Boots Alliance a good stock? ›

Walgreens Boots Alliance's analyst rating consensus is a Hold. This is based on the ratings of 9 Wall Streets Analysts.

Is Walgreens Boots Alliance a good company to work for? ›

Overall, 49% of employees would recommend working at Walgreens Boots Alliance to a friend. This is based on 2,041 anonymously submitted reviews on Glassdoor.

What is Walgreens Boots Alliance mission statement? ›

Walgreens Boots Alliance has a simple mission: to help people across the world lead healthier and happier lives.

Are CVS and Walgreens owned by the same company? ›

No, Walgreens, Rite-Aid, and CVS pharmacy are not owned by the same parent company. Each of these pharmacy chains operates as a separate and independent company with its own ownership and management. Walgreens: Walgreens is owned by Walgreens Boots Alliance, Inc., which is a publicly traded company.

Why does Walgreens want to sell boots? ›

In the past, Walgreens has looked at selling its Boots UK pharmacy chain only to end up keeping it. But under the new CEO, the company looks to be considering a sale once again. To reduce complexity and cash burn in its business, this seems like a probable move for Walgreens as it could generate billions.

Is Walgreens owned by Walmart? ›

Does Walmart own Walgreen's stores? No, Walmart does not have any relationship with Walgreens. Sam's Club and Walmart are connected to the same people, and were started by Sam Walton. Walgreen's is a separate company.

Why is WBA stock falling? ›

Why Is WBA Stock Falling? Walgreens requires more cash immediately to support its growth in the healthcare sector. To raise funds, the company has reduced its dividend and sold shares in Cencora for nearly $1 billion.

Which is better, Walgreens or CVS? ›

Both Walgreens and CVS are excellent choices when it comes to filling a prescription. Prices are very competitive, so it really comes down to convenience factors such as location availability or extra services and rewards offered by either store.

Who are the stakeholders of Boots? ›

The key stakeholders for the company are employees, competitors, environmental issues, government, suppliers, media, customers, financial institutions, shareholders and local communities.

Who owns Almus Pharmaceuticals? ›

Almus Pharmaceuticals

Almus is a brand of over 400 generic medications used both in human and veterinary applications. Initially launched in 2003 in the United Kingdom by the US based Almus family, the brand was bought by Alliance Healthcare in 2014. It now operates under the Walgreens Boots Alliance brand.

Who is the CEO of Alliance Walgreens? ›

Chief Executive Officer, Walgreens Boots Alliance, Inc.

Is Walgreens Boots Alliance stock a buy? ›

Walgreens Boots Alliance stock has received a consensus rating of hold. The average rating score is and is based on 5 buy ratings, 35 hold ratings, and 10 sell ratings.

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