Kornitzer Capital Management Inc. KS cut its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,356 shares of the pharmacy operator’s stock after selling 10,075 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Walgreens Boots Alliance were worth $4,002,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Sageworth Trust Co acquired a new position in shares of Walgreens Boots Alliance during the second quarter worth $27,000. Quest Capital Management Inc. ADV acquired a new position in shares of Walgreens Boots Alliance in the 3rd quarter valued at $31,000. First Interstate Bank increased its position in shares of Walgreens Boots Alliance by 228.1% in the 2nd quarter. First Interstate Bank now owns 607 shares of the pharmacy operator’s stock valued at $33,000 after acquiring an additional 422 shares during the period. TRUE Private Wealth Advisors acquired a new position in shares of Walgreens Boots Alliance in the 2nd quarter valued at $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Walgreens Boots Alliance in the 2nd quarter valued at $38,000. 60.60% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Pivotal Research cut their target price on Walgreens Boots Alliance from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Bank of America cut their target price on Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley cut their target price on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Deutsche Bank assumed coverage on Walgreens Boots Alliance in a research report on Thursday, September 12th. They issued a “sell” rating on the stock. Finally, Cleveland Research reissued a “hold” rating on shares of Walgreens Boots Alliance in a research report on Monday, September 9th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. Walgreens Boots Alliance has an average rating of “Hold” and a consensus target price of $61.35.
NASDAQ:WBA traded up $0.57 during mid-day trading on Friday, hitting $59.24. The company’s stock had a trading volume of 5,450,000 shares, compared to its average volume of 5,855,335. The stock has a market cap of $54.63 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.53 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.36. Walgreens Boots Alliance Inc has a 1 year low of $49.03 and a 1 year high of $86.31. The business’s fifty day moving average is $55.10 and its two-hundred day moving average is $53.53.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Monday, October 28th. The pharmacy operator reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.02. The company had revenue of $33.95 billion during the quarter, compared to the consensus estimate of $33.88 billion. Walgreens Boots Alliance had a net margin of 2.91% and a return on equity of 21.99%. Walgreens Boots Alliance’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 EPS. Analysts anticipate that Walgreens Boots Alliance Inc will post 5.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 18th will be issued a $0.458 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.83 dividend on an annualized basis and a yield of 3.09%. Walgreens Boots Alliance’s payout ratio is 30.55%.
In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 234,355 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $63.16, for a total value of $14,801,861.80. Following the completion of the sale, the chief accounting officer now owns 13,844 shares in the company, valued at approximately $874,387.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.73% of the stock is currently owned by corporate insiders.
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.
Further Reading: Outstanding Shares, Buying and Selling Stocks
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