Gofen & Glossberg LLC IL lessened its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,227 shares of the pharmacy operator’s stock after selling 5,945 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Walgreens Boots Alliance were worth $6,195,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in WBA. Captrust Financial Advisors acquired a new position in Walgreens Boots Alliance during the fourth quarter worth $194,000. Elkfork Partners LLC acquired a new position in Walgreens Boots Alliance during the fourth quarter worth $9,766,000. OLD Mission Capital LLC acquired a new position in Walgreens Boots Alliance during the fourth quarter worth $316,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in Walgreens Boots Alliance by 4.3% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 185,920 shares of the pharmacy operator’s stock worth $13,500,000 after purchasing an additional 7,698 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Walgreens Boots Alliance by 12.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 81,432 shares of the pharmacy operator’s stock worth $5,917,000 after purchasing an additional 8,712 shares during the last quarter. Institutional investors own 60.27% of the company’s stock.
Several research analysts recently commented on the stock. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Friday, June 22nd. Jefferies Financial Group cut shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $65.00 in a report on Friday, June 29th. Pivotal Research dropped their price target on shares of Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Monday, July 2nd. Citigroup lowered shares of Walgreens Boots Alliance from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Monday. Finally, Loop Capital upped their price target on shares of Walgreens Boots Alliance to $80.00 and gave the stock a “buy” rating in a research report on Friday, June 29th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.84.
In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $65.56, for a total value of $179,372.16. Following the transaction, the director now directly owns 13,679 shares of the company’s stock, valued at $896,795.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.80% of the stock is owned by corporate insiders.
Walgreens Boots Alliance opened at $63.66 on Thursday, according to MarketBeat. The firm has a market cap of $63.25 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.05 and a beta of 1.12. Walgreens Boots Alliance Inc has a 1 year low of $59.07 and a 1 year high of $83.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.47 and a current ratio of 0.93.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, June 28th. The pharmacy operator reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.06. The company had revenue of $34.33 billion for the quarter, compared to analyst estimates of $34.15 billion. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Monday, August 20th will be given a $0.44 dividend. The ex-dividend date is Friday, August 17th. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 2.76%. Walgreens Boots Alliance’s dividend payout ratio is presently 31.37%.
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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.
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