Family Legacy Inc. increased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.5% during the first quarter, HoldingsChannel reports. The firm owned 8,020 shares of the pharmacy operator’s stock after buying an additional 195 shares during the period. Family Legacy Inc.’s holdings in Walgreens Boots Alliance were worth $442,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in WBA. CSat Investment Advisory L.P. lifted its stake in shares of Walgreens Boots Alliance by 12.1% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,920 shares of the pharmacy operator’s stock worth $131,000 after buying an additional 208 shares during the period. Pathlight Investors LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $524,000. Roman Butler Fullerton & Co. lifted its stake in shares of Walgreens Boots Alliance by 28.8% during the first quarter. Roman Butler Fullerton & Co. now owns 22,127 shares of the pharmacy operator’s stock worth $1,400,000 after buying an additional 4,942 shares during the period. James Investment Research Inc. acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $963,000. Finally, Tiemann Investment Advisors LLC lifted its stake in shares of Walgreens Boots Alliance by 2.7% during the fourth quarter. Tiemann Investment Advisors LLC now owns 22,190 shares of the pharmacy operator’s stock worth $1,516,000 after buying an additional 586 shares during the period. Hedge funds and other institutional investors own 64.77% of the company’s stock.
In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the transaction, the chief accounting officer now owns 435,811 shares of the company’s stock, valued at $23,119,773.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Ornella Barra acquired 18,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average cost of $54.56 per share, with a total value of $982,080.00. Following the acquisition, the chief operating officer now directly owns 26,425 shares of the company’s stock, valued at approximately $1,441,748. The disclosure for this purchase can be found here. Company insiders own 15.73% of the company’s stock.
Shares of Walgreens Boots Alliance stock opened at $52.74 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.78 and a quick ratio of 0.38. Walgreens Boots Alliance Inc has a 1 year low of $51.79 and a 1 year high of $86.31. The firm has a market cap of $47.65 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.77.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The business had revenue of $34.53 billion for the quarter, compared to analysts’ expectations of $34.57 billion. During the same period last year, the business earned $1.73 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, May 17th. This represents a $1.76 annualized dividend and a dividend yield of 3.34%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
Several research firms have recently commented on WBA. Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Loop Capital downgraded shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $77.00 to $60.00 in a research note on Wednesday, April 3rd. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Robert W. Baird lowered their price objective on shares of Walgreens Boots Alliance from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Finally, UBS Group began coverage on shares of Walgreens Boots Alliance in a research note on Thursday, January 17th. They set a “sell” rating and a $70.00 price objective for the company. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $68.00.
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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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