KLCM Advisors Inc. increased its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 34.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,164 shares of the pharmacy operator’s stock after acquiring an additional 7,500 shares during the quarter. KLCM Advisors Inc.’s holdings in Walgreens Boots Alliance were worth $1,613,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Sageworth Trust Co acquired a new stake in Walgreens Boots Alliance in the 2nd quarter valued at $27,000. Quest Capital Management Inc. ADV acquired a new stake in Walgreens Boots Alliance in the 3rd quarter valued at $31,000. First Interstate Bank grew its position in Walgreens Boots Alliance by 228.1% in the 2nd quarter. First Interstate Bank now owns 607 shares of the pharmacy operator’s stock valued at $33,000 after purchasing an additional 422 shares during the period. TRUE Private Wealth Advisors acquired a new stake in Walgreens Boots Alliance in the 2nd quarter valued at $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Walgreens Boots Alliance in the 2nd quarter valued at $38,000. Institutional investors own 60.60% of the company’s stock.
WBA has been the topic of a number of analyst reports. Cleveland Research reaffirmed a “hold” rating on shares of Walgreens Boots Alliance in a report on Monday, September 9th. JPMorgan Chase & Co. downgraded shares of Walgreens Boots Alliance from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $73.00 to $63.00 in a report on Wednesday, October 23rd. Royal Bank of Canada downgraded shares of Walgreens Boots Alliance to a “hold” rating and set a $59.00 price objective on the stock. in a report on Friday, September 27th. Pivotal Research cut their price objective on shares of Walgreens Boots Alliance from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Finally, Deutsche Bank initiated coverage on shares of Walgreens Boots Alliance in a report on Thursday, September 12th. They set a “sell” rating on the stock. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.35.
Shares of WBA traded up $0.30 during midday trading on Thursday, hitting $59.79. 297,739 shares of the company traded hands, compared to its average volume of 5,093,430. The stock has a 50-day moving average of $54.91 and a 200-day moving average of $53.49. Walgreens Boots Alliance Inc has a one year low of $49.03 and a one year high of $86.31. The firm has a market cap of $53.24 billion, a P/E ratio of 10.00, a PEG ratio of 1.49 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.36.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Monday, October 28th. The pharmacy operator reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.02. Walgreens Boots Alliance had a return on equity of 21.99% and a net margin of 2.91%. The firm had revenue of $33.95 billion for the quarter, compared to analysts’ expectations of $33.88 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts forecast that Walgreens Boots Alliance Inc will post 5.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, November 18th will be given a $0.458 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Friday, November 15th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 30.55%.
In related news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $50.48, for a total value of $10,869,505.04. Following the transaction, the chief accounting officer now directly owns 357,851 shares in the company, valued at $18,064,318.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.73% of the stock is currently owned by corporate insiders.
About Walgreens Boots Alliance
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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