Walgreens Boots Alliance
This huge drugstore chain operator is a safe retail play for investors looking to add health care now, and it trades at a cheap 7.5 times 2023 earnings expectations. Walgreens Boots Alliance Inc. (NASDAQ: WBA) operates as a pharmacy-led health and beauty retail company. It operates through three segments.
The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides specialty pharmacy services and mail services; this segment operates nearly 10,000 retail stores under the Walgreens and Duane Reade brands in the United States; and six specialty pharmacies.
The Retail Pharmacy International segment sells prescription drugs and health and wellness, beauty, personal care and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as online and an integrated mobile application. This segment operated 4,428 retail stores under the Boots, Benavides and Ahumada in the United Kingdom, Thailand, Norway, the Netherlands, Mexico and elsewhere, and 550 optical practices, including 165 on a franchise basis.
The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home health care supplies and equipment, as well as provides related services to pharmacies and other health care providers.
Shareholders receive a 6.46% dividend. The Cowen target price is $41. The consensus target was last seen at $33.53. On Wednesday, Walgreens Boots Alliance stock closed at $28.19 a share.
These seven top stocks are for various reasons trading incredibly cheap and offering investors very timely entry points. With that noted, it still may be very prudent to just start with buying partial positions as the market still has a plethora of issues to deal with, not the least of which is the ongoing inflation burden, the continued rise in interest rates and a sputtering economy despite current indications that all is well.
With August and September typically the worst months of the year for stocks, and the potential for black swan events always lurking, the traders’ adage “Nobody ever went broke taking a profit” makes sense now, especially if your tech portfolio has exploded. So take some profits now and stay long in safer dividend winners until 2024, then look for the market to move higher later in the year as the Federal Reserve may cut rates in the second half of next year.
Originally published at 24/7 Wall St.
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