What Walgreen Company's Earnings Mean for Mutual Fund Investors (WAG)

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What Walgreen Company's Earnings Mean for Mutual Fund Investors (WAG)

Shauna O'Brien

|

Walgreen Company logo
Walgreen Company (WAG) posted its first quarter financial results before Tuesday’s opening bell. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

The company reported earnings of $809 million, or 85 cents per share, up from $695 million, or 72 cents per share, a year ago. On an adjusted basis, earnings came in at $773 million, or 81 cents per share – above analysts’ view of 75 cents per share.

Revenue
Revenue for the quarter was $19.6 billion, up from $18.3 billion last year, Analysts expected to see revenue $19.48 billion.

Benefiting from Low Competition

Although Walgreen’s valuation is not overly expensive, it is still not a “cheap” stock at 27 × 2015 earnings estimates. The company benefits from low competition, with CVS Health (CVS) as its main competitor. Fund managers considering a stake in WAG will be more likely to add to positions if the stock pulls back.

Mutual Funds to Watch

Investors seeking exposure to WAG may consider a mutual fund investment. The funds below currently hold the highest stakes in the company.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.51%
Liquid error: internal Vanguard 500 Index 1.08%
VGHCX Vanguard Healthcare 0.91%

The Bottom Line

By investing in one of the funds above, investors are able to gain exposure to a diverse group of holdings and industries. Investors interested in WAG may also be interested in CVS Health (CVS)

Shares of WAG are up 30% YTD.

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Walgreen Company logo

What Walgreen Company's Earnings Mean for Mutual Fund Investors (WAG)

Shauna O'Brien

|

Walgreen Company (WAG) posted its first quarter financial results before Tuesday’s opening bell. Here’s what the results mean for mutual fund investors.

Inside the Results

Earnings

The company reported earnings of $809 million, or 85 cents per share, up from $695 million, or 72 cents per share, a year ago. On an adjusted basis, earnings came in at $773 million, or 81 cents per share – above analysts’ view of 75 cents per share.

Revenue
Revenue for the quarter was $19.6 billion, up from $18.3 billion last year, Analysts expected to see revenue $19.48 billion.

Benefiting from Low Competition

Although Walgreen’s valuation is not overly expensive, it is still not a “cheap” stock at 27 × 2015 earnings estimates. The company benefits from low competition, with CVS Health (CVS) as its main competitor. Fund managers considering a stake in WAG will be more likely to add to positions if the stock pulls back.

Mutual Funds to Watch

Investors seeking exposure to WAG may consider a mutual fund investment. The funds below currently hold the highest stakes in the company.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.51%
Liquid error: internal Vanguard 500 Index 1.08%
VGHCX Vanguard Healthcare 0.91%

The Bottom Line

By investing in one of the funds above, investors are able to gain exposure to a diverse group of holdings and industries. Investors interested in WAG may also be interested in CVS Health (CVS)

Shares of WAG are up 30% YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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