LS Investment Advisors LLC lessened its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,663 shares of the pharmacy operator’s stock after selling 2,052 shares during the period. LS Investment Advisors LLC’s holdings in Walgreens Boots Alliance were worth $4,914,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc increased its position in Walgreens Boots Alliance by 0.6% during the third quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock valued at $5,149,224,000 after acquiring an additional 448,045 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Walgreens Boots Alliance by 1.7% in the fourth quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock worth $3,668,086,000 after purchasing an additional 895,469 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Walgreens Boots Alliance by 12,422.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock worth $509,000 after purchasing an additional 34,529,539 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Walgreens Boots Alliance by 5.8% in the fourth quarter. Northern Trust Corp now owns 11,641,152 shares of the pharmacy operator’s stock worth $795,439,000 after purchasing an additional 641,721 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of Walgreens Boots Alliance by 3.4% in the fourth quarter. LSV Asset Management now owns 11,564,931 shares of the pharmacy operator’s stock worth $790,231,000 after purchasing an additional 381,017 shares during the last quarter. Institutional investors and hedge funds own 64.98% of the company’s stock.
WBA has been the topic of a number of research analyst reports. BidaskClub cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. UBS Group cut their price target on shares of Walgreens Boots Alliance from $70.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, March 4th. Cowen restated a “hold” rating and issued a $66.00 price target on shares of Walgreens Boots Alliance in a report on Sunday, March 31st. Barclays cut their price target on shares of Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Finally, Mizuho set a $67.00 price target on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Hold” and a consensus price target of $68.00.
In other news, COO Ornella Barra purchased 18,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the transaction, the chief operating officer now owns 26,425 shares in the company, valued at approximately $1,441,748. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.73% of the company’s stock.
NASDAQ:WBA opened at $52.85 on Monday. Walgreens Boots Alliance Inc has a 1-year low of $52.25 and a 1-year high of $86.31. The stock has a market capitalization of $48.32 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 0.50.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $34.57 billion. During the same period last year, the company earned $1.73 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Analysts predict that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, May 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, May 17th. Walgreens Boots Alliance’s payout ratio is 29.24%.
Walgreens Boots Alliance 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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