Executives at a company often wield an unparalleled vantage point into their business. Thus, when these top brass individuals opt to make significant acquisitions, investors should sit up and take notice. After all, insiders typically deploy their hard-earned dollars to purchase company stock on the open market for one core reason: profit. These executives may perceive the stock as undervalued, envision promising developments ahead, or perhaps both. In this ongoing series on top insider buys over the last six months, one standout transaction is Chief Executive Officer Timothy C. Wentworth’s hefty $242.2K investment in Walgreens Boots Alliance Inc (Symbol: WBA).
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 01/05/2024 | Timothy C. Wentworth | Chief Executive Officer | 10,000 | $24.22 | $242,220.00 |
Wentworth’s average acquisition cost amounts to $24.22 per share. During Wednesday’s trading session, astute bargain hunters could snag shares of Walgreens Boots Alliance Inc (Symbol: WBA) at a price lower than Wentworth’s, with shares exchanging hands at $18.58. Notably, Wentworth has raked in $0.25 per share in dividends since his investment, translating to a 22.3% decline in total returns. Walgreens Boots Alliance Inc shares were trading at $18.65 at the recent check, marking a modest 0.4% dip on Wednesday.
The graph below delineates the one-year performance of WBA shares compared to its 200-day moving average:
Observing the graph, WBA’s 52-week range spans from $18.58 per share as the trough to $36.58 per share as the crest, with the latest trade recorded at $18.65.
Walgreens Boots Alliance Inc currently pays an annualized dividend of $1 per share, disbursed quarterly. The most recent dividend ex-date fell on 02/16/2024. Refer to the long-term dividend history chart for WBA below to gauge the prospects of the recent dividend that yields approximately 5.3% annually.
Click here to uncover other notable insider buys by the ‘top brass’ that deserve your attention »
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The views and opinions expressed here are those of the author and may differ from those of Nasdaq, Inc.
