Xact Kapitalforvaltning AB raised its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,533 shares of the pharmacy operator’s stock after purchasing an additional 9,960 shares during the period. Xact Kapitalforvaltning AB’s holdings in Walgreens Boots Alliance were worth $12,892,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. increased its holdings in shares of Walgreens Boots Alliance by 10.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock valued at $102,000 after acquiring an additional 125 shares during the period. Zions Bancorporation increased its holdings in shares of Walgreens Boots Alliance by 983.3% in the 3rd quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock valued at $105,000 after acquiring an additional 1,239 shares during the period. Bristlecone Advisors LLC purchased a new position in shares of Walgreens Boots Alliance in the 3rd quarter valued at $135,000. Financial Advocates Investment Management purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at $125,000. Finally, Fieldpoint Private Securities LLC increased its holdings in shares of Walgreens Boots Alliance by 428.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 1,850 shares of the pharmacy operator’s stock valued at $134,000 after acquiring an additional 1,500 shares during the period. 60.93% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on WBA. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Mizuho set a $87.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Wednesday, January 24th. ValuEngine downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Evercore ISI began coverage on Walgreens Boots Alliance in a research note on Thursday, January 4th. They set an “outperform” rating and a $80.00 target price on the stock. Finally, Loop Capital set a $90.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $84.75.
Walgreens Boots Alliance stock opened at $65.89 on Thursday. The stock has a market capitalization of $65,433.69, a PE ratio of 18.23, a PEG ratio of 1.09 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Walgreens Boots Alliance Inc has a fifty-two week low of $63.82 and a fifty-two week high of $87.79.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The business had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. sell-side analysts expect that Walgreens Boots Alliance Inc will post 5.79 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Thursday, February 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 44.20%.
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Walgreens Boots Alliance Profile
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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