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How to Buy Walgreens Stock [2024] | Invest in WBA

How to Buy Walgreens Stock _ Invest in WBA
Marko Marjanovic

Summary: Walgreens is a retail pharmacy, health, and wellness leader known for its extensive chain of pharmacies, healthcare services, and products. In this guide, you will learn how to buy Walgreens stock through a regulated online broker like eToro.

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  • eToro USA is registered with FINRA for securities trading.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Walgreens

Walgreens homepage. Source: Walgreens.com

Walgreens is a subsidiary of the Walgreens Boots Alliance (NASDAQ: WBA) and a leading pharmacy retail chain and healthcare services provider. It operates in 9 countries, delivering convenient healthcare products to millions of daily customers. 

Walgreens stock splits

Walgreens stock has had a total of seven stock splits.

DateSplit RatioMultiplier
1999-02-162:1x2
1997-08-112:1x2
1995-08-092:1x2
1991-02-042:1x2
1985-05-092:1x2
1983-02-142:1x2
1982-02-162:1x2

How to buy Walgreens Stock: Step-by-step

Walgreens is a publicly traded company listed on the NASDAQ stock exchange under the ticker WBA. To buy Walgreens shares, follow these four simple steps:

  1. Find a broker: Choose a brokerage platform that lists WBA stock;
  2. Research the company;
  3. Register and fund your account;
  4. Place a trade: Find WBA stock on the broker’s platform and place a trade;
  5. Monitor your investment.

For similar investments, check out our guides on:


Step 1: Choose a regulated brokerage

Choosing a regulated brokerage is the essential first step to ensure the safety and security of your funds. To find a reliable brokerage that aligns with your investment strategies, consider these factors:

  • Regulation and safety: Confirm the broker is regulated by a reputable financial authority;
  • Fees and commissions: Review trading commissions, account maintenance fees, and other potential charges;
  • Account types: A demo account is a good way to practice without transferring real funds;
  • Market research tools: Utilize research and market analysis tools to refine your strategy;
  • Customer support: Read user reviews to assess the quality of the broker’s customer support.

Our recommended brokerage is eToro, a regulated platform with millions of active users and trading features such as:

  • Commission-free stock and ETF trading;
  • Over 2,000 stocks from 17 different exchanges;
  • Fractional shares;
  • Charting tools;
  • User-friendly platform.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 2: Research the company

Before purchasing Walgreens stock, try to research the company and its stock performance. That involves conducting both fundamental and technical analyses to assess historical and current stock performance:

  • Fundamental analysis will help you evaluate the intrinsic value of the company by examining its financial health, revenue, profit margins, and growth potential;
  • Technical analysis analyzes the stock’s historical performance and uses chart patterns to predict future movements.

Additionally, consider Walgreens’ market position, its management team, and its debt levels.

Step 2: Register and fund an account

After selecting your brokerage, create an account and fund it. Go to the broker’s official website and sign up by providing the necessary personal and banking information, then complete the verification process, if necessary.

Once your account is set up, deposit some funds. Major platforms support multiple funding methods, including:

  • Bank transfers;
  • Credit/debit cards;
  • E-wallets;
  • Third-party payment systems like PayPal.

Always consider your financial situation before funding your account. Invest only money that you can afford to lose.

Step 3: Place an order

Once your account is funded, you can buy Walgreens shares by following these steps:

  • Log in to your broker’s trading platform;
  • Search for Walgreens stock;
  • Enter the number of shares you want to purchase or the dollar amount you wish to invest;
  • Choose the type of order you want to place (i.e., market, limit, stop-loss, etc.).
  • Review the details of your order.
  • Execute the trade.

Step 4: Monitor your investment

Once you have added Walgreens stock to your portfolio, it’s important to actively monitor its performance. That involves staying informed about evolving trends, breakthroughs, and advancements in the pharma and retail pharma industry, as well as new regulatory demands.

Being well-informed allows you to adjust your investment strategy as needed. Understanding the key factors influencing the industry helps you make better-informed decisions, thereby mitigating risks and maximizing your potential for success.

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

Walgreens stock price today

Pros and cons of investing in Walgreens

Pros

Pros

  • Known brand: Walgreens is an established brand with a significant presence in the domestic market and operations in eight other countries;
  • Solid product pipeline: The company has a diverse range of health and wellness products and services;
  • Dividends: Walgreens is known for solid dividend yields.
Cons

Cons

  • Competition: Walgreens faces intense competition in the retail pharmacy sector;
  • Regulatory changes in the pharma industry: Potential impact of regulatory changes(
  • Revenue issues: Walgreens has been reporting revenues below expectations.

How to buy Walgreens stock safely

To increase your chances of profit, do a lot of research and try to avoid common investing mistakes such as:

  • Set realistic goals: Have a clear investment objective, particularly if you are aiming for long-term growth;
  • Seek professional advice or use copy trading: If you’re a newbie, seek professional advice or consider copy trading to mimic the trading strategies of more experienced traders;
  • Have an exit strategy: Have a clear plan for when you intend to sell your Walgreens stock;
  • Stay patient: View stock investments as long-term commitments;
  • Diversify: Maintain a diversified portfolio that includes other assets besides Walgreens stock.

FAQs about how to buy Walgreens stock

How to buy Walgreens stock?

You can buy Walgreens stock through an online stock broker like eToro.

Can you buy Walgreens stock outside the US?

Yes, you can buy Walgreens stock outside the US, as it is listed on the NASDAQ exchange.

Does Walgreens pay dividends?

Yes, Walgreens pays dividends to its shareholders.

How many times does Walgreens pay dividends?

Walgreens pays dividends on a quarterly basis.

What is the Walgreens ticker symbol?

The ticker symbol for Walgreens Boots Alliance is WBA.

What is the Walgreens stock forecast?

Based on some Wall Street analyses, the average target for Walgreens stock is $13.73, with estimates ranging from a high of $22.00 to a low of $9.00. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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