Rodgers Brothers Inc. boosted its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 50.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,920 shares of the pharmacy operator’s stock after purchasing an additional 29,717 shares during the period. Walgreens Boots Alliance makes up about 2.1% of Rodgers Brothers Inc.’s investment portfolio, making the stock its 9th biggest holding. Rodgers Brothers Inc.’s holdings in Walgreens Boots Alliance were worth $6,457,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathstone Family Office LLC grew its stake in shares of Walgreens Boots Alliance by 226.6% during the second quarter. Pathstone Family Office LLC now owns 1,179 shares of the pharmacy operator’s stock valued at $1,969,000 after acquiring an additional 818 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of 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 valued at $102,000 after acquiring an additional 125 shares in the last quarter. Zions Bancorporation grew its stake in shares of Walgreens Boots Alliance by 983.3% during the third 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 in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of Walgreens Boots Alliance during the third quarter valued at about $135,000. Finally, Trustcore Financial Services LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at about $155,000. Hedge funds and other institutional investors own 61.00% of the company’s stock.
Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $70.15 on Wednesday. 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 twelve month low of $63.82 and a twelve month high of $87.79. The stock has a market cap of $69,495.43, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders 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 dividend on an annualized basis and a yield of 2.28%. Walgreens Boots Alliance’s dividend payout ratio is currently 44.20%.
In other Walgreens Boots Alliance news, insider Stefano Pessina bought 98,858 shares of the business’s stock in a transaction on Monday, January 15th. The shares were purchased at an average price of $76.07 per share, with a total value of $7,520,128.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.80% of the company’s stock.
Several brokerages have recently weighed in on WBA. Barclays began coverage on Walgreens Boots Alliance in a research note on Thursday, March 8th. They set an “equal weight” rating and a $76.00 target price for the company. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Bank of America began coverage on Walgreens Boots Alliance in a research note on Tuesday, February 27th. They set a “neutral” rating and a $76.00 target price for the company. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $88.00 target price (up from $86.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $84.75.
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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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