Wilmington Savings Fund Society FSB Acquires Shares of 10,245 Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Wilmington Savings Fund Society FSB purchased a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,245 shares of the pharmacy operator’s stock, valued at approximately $92,000.

A number of other large investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its stake in shares of Walgreens Boots Alliance by 79.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,333 shares of the pharmacy operator’s stock valued at $401,000 after acquiring an additional 20,450 shares during the last quarter. Wealthquest Corp bought a new stake in Walgreens Boots Alliance in the third quarter valued at approximately $130,000. Westside Investment Management Inc. raised its holdings in Walgreens Boots Alliance by 14.3% in the third quarter. Westside Investment Management Inc. now owns 11,587 shares of the pharmacy operator’s stock worth $104,000 after purchasing an additional 1,454 shares during the period. Virtu Financial LLC bought a new position in shares of Walgreens Boots Alliance during the third quarter worth $208,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Walgreens Boots Alliance by 8,670.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after buying an additional 3,208 shares during the period. Institutional investors and hedge funds own 58.59% of the company’s stock.

Analysts Set New Price Targets

WBA has been the topic of several recent analyst reports. TD Cowen reduced their target price on Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Jefferies Financial Group decreased their price objective on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI raised their target price on shares of Walgreens Boots Alliance from $7.50 to $10.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Barclays upped their price target on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, October 16th. Finally, Bank of America lowered their price objective on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating for the company in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Walgreens Boots Alliance currently has an average rating of “Hold” and a consensus price target of $12.58.

Walgreens Boots Alliance Trading Up 2.1 %

Shares of NASDAQ:WBA opened at $9.55 on Friday. The company has a 50-day simple moving average of $9.34 and a 200 day simple moving average of $10.55. The company has a market capitalization of $8.26 billion, a P/E ratio of -0.95, a price-to-earnings-growth ratio of 1.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.37 and a current ratio of 0.68. Walgreens Boots Alliance, Inc. has a 52-week low of $8.08 and a 52-week high of $27.05.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. The company had revenue of $37.50 billion during the quarter, compared to the consensus estimate of $35.75 billion. During the same period in the previous year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 1.53 earnings per share for the current year.

Walgreens Boots Alliance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend was Monday, November 18th. Walgreens Boots Alliance’s payout ratio is presently -9.99%.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.