Argent Trust Co Acquires 5,207 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Argent Trust Co raised its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 4.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,187 shares of the pharmacy operator’s stock after acquiring an additional 5,207 shares during the quarter. Argent Trust Co’s holdings in Walgreens Boots Alliance were worth $6,817,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Abundance Wealth Counselors purchased a new stake in shares of Walgreens Boots Alliance in the 1st quarter worth $66,000. Bogart Wealth LLC raised its holdings in Walgreens Boots Alliance by 280.1% in the first quarter. Bogart Wealth LLC now owns 517 shares of the pharmacy operator’s stock worth $28,000 after purchasing an additional 381 shares in the last quarter. Glassman Wealth Services boosted its holdings in shares of Walgreens Boots Alliance by 181.8% in the 1st quarter. Glassman Wealth Services now owns 651 shares of the pharmacy operator’s stock valued at $36,000 after buying an additional 420 shares in the last quarter. Charter Oak Capital Management LLC bought a new position in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $27,000. Finally, Krane Funds Advisors LLC bought a new position in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 55.84% of the company’s stock.

WBA has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Walgreens Boots Alliance from $50.00 to $58.00 in a research note on Thursday, April 1st. Morgan Stanley boosted their price objective on shares of Walgreens Boots Alliance from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 14th. Truist Securities boosted their price objective on shares of Walgreens Boots Alliance from $50.00 to $58.00 in a research note on Thursday, April 1st. Mizuho boosted their price objective on shares of Walgreens Boots Alliance from $47.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 12th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their target price on shares of Walgreens Boots Alliance from $44.00 to $52.00 in a research report on Thursday, April 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus target price of $49.53.

Shares of WBA stock traded down $0.35 during trading hours on Friday, hitting $54.96. The company’s stock had a trading volume of 139,833 shares, compared to its average volume of 5,904,397. The stock has a 50 day simple moving average of $54.08. The stock has a market cap of $47.51 billion, a PE ratio of -80.16, a PEG ratio of 1.64 and a beta of 0.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.83. Walgreens Boots Alliance, Inc. has a 12-month low of $33.36 and a 12-month high of $57.05.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Tuesday, March 30th. The pharmacy operator reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.30. Walgreens Boots Alliance had a negative net margin of 0.45% and a positive return on equity of 18.32%. The firm had revenue of $32.78 billion for the quarter, compared to the consensus estimate of $36.16 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts expect that Walgreens Boots Alliance, Inc. will post 4.9 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 11th. Investors of record on Friday, May 21st will be issued a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, May 20th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 39.45%.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail 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, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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