Bridges Investment Management Inc. lessened its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,698 shares of the pharmacy operator’s stock after selling 1,615 shares during the quarter. Bridges Investment Management Inc.’s holdings in Walgreens Boots Alliance were worth $926,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in WBA. American International Group Inc. grew its stake in shares of Walgreens Boots Alliance by 781.9% in the 4th quarter. American International Group Inc. now owns 5,511,875 shares of the pharmacy operator’s stock valued at $324,980,000 after purchasing an additional 4,886,896 shares during the last quarter. NorthRock Partners LLC boosted its stake in shares of Walgreens Boots Alliance by 11,463.1% in the fourth quarter. NorthRock Partners LLC now owns 873,363 shares of the pharmacy operator’s stock valued at $1,604,000 after buying an additional 865,810 shares in the last quarter. MUFG Securities EMEA plc boosted its stake in shares of Walgreens Boots Alliance by 1,252.8% in the fourth quarter. MUFG Securities EMEA plc now owns 837,400 shares of the pharmacy operator’s stock valued at $49,373,000 after buying an additional 775,500 shares in the last quarter. Holowesko Partners Ltd. acquired a new position in Walgreens Boots Alliance during the fourth quarter worth $43,807,000. Finally, Janus Henderson Group PLC grew its position in Walgreens Boots Alliance by 87.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,324,696 shares of the pharmacy operator’s stock valued at $78,103,000 after acquiring an additional 617,661 shares during the period. Hedge funds and other institutional investors own 59.20% of the company’s stock.
Several analysts have issued reports on WBA shares. Mizuho restated a “hold” rating and set a $59.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, January 9th. SunTrust Banks increased their price objective on Walgreens Boots Alliance from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. TheStreet lowered Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a report on Tuesday, February 25th. Bank of America reaffirmed a “sell” rating and set a $50.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, January 2nd. Finally, BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Five analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Walgreens Boots Alliance currently has a consensus rating of “Hold” and an average target price of $57.33.
Shares of NASDAQ:WBA opened at $41.44 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 1.34. Walgreens Boots Alliance Inc has a 1 year low of $40.52 and a 1 year high of $64.50. The business has a fifty day simple moving average of $49.46 and a 200 day simple moving average of $54.69. The firm has a market cap of $40.09 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.18 and a beta of 0.86.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Wednesday, January 8th. The pharmacy operator reported $1.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.03). The firm had revenue of $34.34 billion for the quarter, compared to analysts’ expectations of $34.45 billion. Walgreens Boots Alliance had a return on equity of 21.76% and a net margin of 2.69%. Walgreens Boots Alliance’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 earnings per share. On average, sell-side analysts forecast that Walgreens Boots Alliance Inc will post 5.84 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Wednesday, February 19th were given a $0.458 dividend. This represents a $1.83 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Walgreens Boots Alliance’s dividend payout ratio is currently 30.55%.
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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