Checchi Capital Advisers LLC lessened its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,986 shares of the pharmacy operator’s stock after selling 345 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Walgreens Boots Alliance were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Massey Quick Simon & CO. LLC bought a new position in Walgreens Boots Alliance in the 4th quarter worth about $27,000. Cornerstone Advisors Inc. boosted its stake in Walgreens Boots Alliance by 102.4% in the 3rd quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock worth $31,000 after purchasing an additional 214 shares during the period. Brand Asset Management Group Inc. boosted its stake in Walgreens Boots Alliance by 40.7% in the 4th quarter. Brand Asset Management Group Inc. now owns 692 shares of the pharmacy operator’s stock worth $47,000 after purchasing an additional 200 shares during the period. Alpha Omega Wealth Management LLC boosted its stake in Walgreens Boots Alliance by 44.8% in the 4th quarter. Alpha Omega Wealth Management LLC now owns 869 shares of the pharmacy operator’s stock worth $59,000 after purchasing an additional 269 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in Walgreens Boots Alliance in the 4th quarter worth about $59,000. Hedge funds and other institutional investors own 63.55% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research note on Monday, December 3rd. BidaskClub downgraded Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 18th. Loop Capital set a $82.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Thursday, December 20th. Wolfe Research restated a “peer perform” rating on shares of Walgreens Boots Alliance in a research note on Wednesday, December 19th. Finally, Morgan Stanley raised their target price on Walgreens Boots Alliance from $55.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Monday, December 3rd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $78.83.
NASDAQ:WBA opened at $71.80 on Thursday. Walgreens Boots Alliance Inc has a twelve month low of $59.07 and a twelve month high of $86.31. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.80.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.03. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. The firm had revenue of $33.79 billion for the quarter, compared to analysts’ expectations of $33.90 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Walgreens Boots Alliance Inc will post 6.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Friday, February 15th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.45%. Walgreens Boots Alliance’s payout ratio is currently 29.24%.
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Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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