Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 24.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 333,416 shares of the pharmacy operator’s stock after acquiring an additional 64,461 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Walgreens Boots Alliance were worth $15,254,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of WBA. Tredje AP fonden lifted its stake in shares of Walgreens Boots Alliance by 19.7% in the 1st quarter. Tredje AP fonden now owns 55,986 shares of the pharmacy operator’s stock valued at $2,146,000 after purchasing an additional 9,221 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in Walgreens Boots Alliance by 16.4% during the first quarter. Nicholas Hoffman & Company LLC. now owns 5,063 shares of the pharmacy operator’s stock valued at $232,000 after buying an additional 713 shares in the last quarter. Royal Fund Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the first quarter worth about $83,000. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Walgreens Boots Alliance by 646.7% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 217,473 shares of the pharmacy operator’s stock worth $9,949,000 after acquiring an additional 188,350 shares in the last quarter. Finally, AGF Investments Inc. acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter valued at about $594,000. 58.03% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on WBA shares. JPMorgan Chase & Co. reduced their target price on Walgreens Boots Alliance from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, April 3rd. Credit Suisse Group reduced their price objective on shares of Walgreens Boots Alliance from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, April 3rd. TheStreet lowered shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research note on Tuesday, February 25th. ValuEngine lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Finally, Cowen decreased their price target on shares of Walgreens Boots Alliance from $54.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $51.21.
WBA stock traded down $0.15 during trading on Friday, reaching $39.60. 3,378,765 shares of the stock were exchanged, compared to its average volume of 7,383,946. Walgreens Boots Alliance Inc has a twelve month low of $36.65 and a twelve month high of $64.50. The company has a current ratio of 0.66, a quick ratio of 0.32 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $34.87 billion, a P/E ratio of 6.87, a price-to-earnings-growth ratio of 1.83 and a beta of 0.55. The stock has a 50 day simple moving average of $42.22 and a 200-day simple moving average of $51.33.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, April 2nd. The pharmacy operator reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.06. Walgreens Boots Alliance had a return on equity of 21.26% and a net margin of 2.52%. The company had revenue of $35.82 billion during the quarter, compared to the consensus estimate of $35.24 billion. During the same quarter last year, the company earned $1.64 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts predict that Walgreens Boots Alliance Inc will post 5.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Wednesday, May 20th will be given a $0.4575 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $1.83 annualized dividend and a yield of 4.62%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 30.55%.
Walgreens Boots Alliance Company 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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