PVG Asset Management Corp bought a new stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 55,180 shares of the pharmacy operator’s stock, valued at approximately $4,007,000. Walgreens Boots Alliance makes up approximately 1.8% of PVG Asset Management Corp’s holdings, making the stock its 19th largest holding.
Other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. boosted its position in Walgreens Boots Alliance by 10.4% during the second quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after acquiring an additional 125 shares during the last quarter. Zions Bancorporation boosted its position in Walgreens Boots Alliance by 983.3% during the third quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock worth $105,000 after acquiring an additional 1,239 shares during the last quarter. Bristlecone Advisors LLC acquired a new stake in Walgreens Boots Alliance during the third quarter worth approximately $135,000. Financial Advocates Investment Management acquired a new stake in Walgreens Boots Alliance during the fourth quarter worth approximately $125,000. Finally, Fieldpoint Private Securities LLC boosted its position in Walgreens Boots Alliance by 428.6% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,850 shares of the pharmacy operator’s stock worth $134,000 after acquiring an additional 1,500 shares during the last quarter. 60.93% of the stock is owned by institutional investors.
In other Walgreens Boots Alliance news, insider Stefano Pessina bought 98,858 shares of the business’s stock in a transaction dated Monday, January 15th. The shares were acquired at an average price of $76.07 per share, with a total value of $7,520,128.06. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 14.80% of the company’s stock.
Shares of Walgreens Boots Alliance stock traded down $0.39 during mid-day trading on Monday, hitting $67.18. 184,872 shares of the stock were exchanged, compared to its average volume of 5,670,140. Walgreens Boots Alliance Inc has a fifty-two week low of $63.82 and a fifty-two week high of $87.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.96. The stock has a market cap of $66,939.50, a P/E ratio of 18.65, a PEG ratio of 1.11 and a beta of 1.21.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The business had revenue of $30.74 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. equities analysts forecast that Walgreens Boots Alliance Inc will post 5.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Thursday, February 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio is presently 44.20%.
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About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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