Financial Sense Advisors Inc. Has $2.93 Million Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Financial Sense Advisors Inc. lifted its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 83.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,224 shares of the pharmacy operator’s stock after buying an additional 61,630 shares during the period. Walgreens Boots Alliance comprises approximately 1.0% of Financial Sense Advisors Inc.’s holdings, making the stock its 24th largest holding. Financial Sense Advisors Inc.’s holdings in Walgreens Boots Alliance were worth $2,933,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WBA. Quadrant Capital Group LLC increased its holdings in Walgreens Boots Alliance by 33.8% during the 4th quarter. Quadrant Capital Group LLC now owns 7,494 shares of the pharmacy operator’s stock valued at $196,000 after purchasing an additional 1,893 shares in the last quarter. Syon Capital LLC acquired a new stake in Walgreens Boots Alliance during the 4th quarter valued at $333,000. New York Life Investment Management LLC increased its holdings in Walgreens Boots Alliance by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 115,196 shares of the pharmacy operator’s stock valued at $3,008,000 after purchasing an additional 690 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Walgreens Boots Alliance during the 4th quarter valued at $297,000. Finally, Corient Private Wealth LLC increased its holdings in Walgreens Boots Alliance by 38.9% during the 4th quarter. Corient Private Wealth LLC now owns 280,545 shares of the pharmacy operator’s stock valued at $7,325,000 after purchasing an additional 78,523 shares in the last quarter. 58.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walgreens Boots Alliance

In related news, Director Inderpal S. Bhandari bought 3,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were acquired at an average price of $18.05 per share, with a total value of $54,150.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $54,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 17.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price objective on Walgreens Boots Alliance from $30.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday. TD Cowen decreased their price objective on Walgreens Boots Alliance from $35.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday. SVB Leerink reduced their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, March 18th. Finally, Barclays reduced their price target on Walgreens Boots Alliance from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Walgreens Boots Alliance has a consensus rating of “Hold” and an average price target of $17.71.

Walgreens Boots Alliance Stock Performance

WBA opened at $11.10 on Thursday. The business’s 50-day moving average price is $16.23 and its two-hundred day moving average price is $19.95. Walgreens Boots Alliance, Inc. has a 1 year low of $11.10 and a 1 year high of $31.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.31.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. The firm had revenue of $36.40 billion during the quarter, compared to analyst estimates of $35.94 billion. During the same period in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post 2.87 earnings per share for the current year.

Walgreens Boots Alliance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date was Monday, May 20th. Walgreens Boots Alliance’s dividend payout ratio is currently -14.84%.

Walgreens Boots Alliance 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.