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According to InvestingPro, Walgreens has a market capitalization of $18.97 billion and a revenue of $139.08 billion. The company has a prominent role in the Consumer Staples Distribution & Retail industry and has maintained its dividend payments for 53 consecutive years, which aligns with the InvestingPro data indicating a dividend yield of 9.03%. It’s worth noting that the company’s revenue growth has been accelerating, with a 4.81% growth in the last twelve months and a quarterly growth of 9.16% in the last quarter of 2023.
On the other hand, FMC Corp . (NYSE:FMC), a manufacturer of pesticides and agricultural products, witnessed a 13% slump in share value after it trimmed its guidance due to an inventory surplus in Brazil and a drought in Argentina. In response to these circumstances, FMC announced plans for a cost structure review. Wells Fargo decided to keep an “equal weight” rating on FMC but lowered its target to $56 from the previous $73.
Meanwhile, shares of EngageSmart (NYSE:ESMT) experienced an uptick after Vista Equity Partners, spearheaded by Robert Smith, unveiled plans for a $4 billion privatization deal. As part of the agreement, each EngageSmart shareholder would receive $23 per share. The transaction is expected to be finalized in Q1 2024. EngageSmart has been granted a 30-day go-shop period to explore other potential offers. Following the acquisition, Vista will hold approximately 65% of EngageSmart, while General Atlantic will retain the remaining 35%. Raymond James opined that the valuation is fair.
For more insightful tips and real-time metrics like these, check out InvestingPro. It offers a plethora of additional tips and up-to-date data that can help investors make informed decisions.
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