Hennessy Advisors Inc. Has $3.77 Million Holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Hennessy Advisors Inc. boosted its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 188.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,000 shares of the pharmacy operator’s stock after acquiring an additional 41,800 shares during the quarter. Hennessy Advisors Inc.’s holdings in Walgreens Boots Alliance were worth $3,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Taylor Hoffman Wealth Management lifted its holdings in shares of Walgreens Boots Alliance by 360.0% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 460 shares of the pharmacy operator’s stock valued at $25,000 after buying an additional 360 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new stake in shares of Walgreens Boots Alliance during the 3rd quarter valued at about $31,000. Simon Quick Advisors LLC lifted its holdings in shares of Walgreens Boots Alliance by 79.0% during the 4th quarter. Simon Quick Advisors LLC now owns 716 shares of the pharmacy operator’s stock valued at $42,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Walgreens Boots Alliance by 180.0% during the 4th quarter. Sound Income Strategies LLC now owns 840 shares of the pharmacy operator’s stock valued at $50,000 after buying an additional 540 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Walgreens Boots Alliance by 67.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,180 shares of the pharmacy operator’s stock valued at $65,000 after buying an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 60.37% of the company’s stock.

WBA has been the subject of several research reports. Mizuho reiterated a “hold” rating and set a $59.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, January 9th. SunTrust Banks raised their price objective on Walgreens Boots Alliance from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. downgraded Walgreens Boots Alliance from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $73.00 to $63.00 in a research note on Wednesday, October 23rd. Wells Fargo & Co downgraded Walgreens Boots Alliance from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 11th. Finally, BidaskClub downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Five investment analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $58.69.

Shares of NASDAQ WBA opened at $54.62 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.66 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $58.17 and its two-hundred day moving average is $55.66. The company has a market cap of $47.89 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.33 and a beta of 0.90. Walgreens Boots Alliance Inc has a 12 month low of $49.03 and a 12 month high of $74.94.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Wednesday, January 8th. The pharmacy operator reported $1.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.03). The business had revenue of $34.34 billion during the quarter, compared to the consensus estimate of $34.45 billion. Walgreens Boots Alliance had a return on equity of 21.76% and a net margin of 2.69%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 earnings per share. Sell-side analysts expect that Walgreens Boots Alliance Inc will post 5.87 earnings per share for the current fiscal year.

In other news, CAO Marco Patrick Anthony Pagni sold 234,355 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $63.16, for a total transaction of $14,801,861.80. Following the sale, the chief accounting officer now directly owns 13,844 shares in the company, valued at $874,387.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.91% of the company’s stock.

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: Dividend Aristocrat Index

Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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