Wolverine Asset Management LLC Makes New Investment in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Wolverine Asset Management LLC acquired a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the 3rd quarter, Holdings Channel reports. The fund acquired 92,968 shares of the pharmacy operator’s stock, valued at approximately $833,000.

Several other large investors also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. boosted its holdings in Walgreens Boots Alliance by 26.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 54,933 shares of the pharmacy operator’s stock valued at $1,191,000 after acquiring an additional 11,389 shares during the period. Cozad Asset Management Inc. purchased a new stake in shares of Walgreens Boots Alliance during the first quarter valued at $325,000. Entropy Technologies LP bought a new position in shares of Walgreens Boots Alliance in the first quarter worth about $509,000. Koshinski Asset Management Inc. purchased a new position in Walgreens Boots Alliance in the 1st quarter worth about $223,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Walgreens Boots Alliance by 2.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 832,035 shares of the pharmacy operator’s stock valued at $18,047,000 after buying an additional 21,723 shares in the last quarter. 58.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 30th. TD Cowen decreased their price objective on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Bank of America decreased their price objective on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating for the company in a report on Wednesday, September 4th. UBS Group lifted their price objective on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Barclays lifted their price objective on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.88.

Walgreens Boots Alliance Stock Down 4.0 %

Shares of Walgreens Boots Alliance stock opened at $9.01 on Wednesday. The firm’s 50 day moving average price is $9.18 and its 200-day moving average price is $12.08. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. Walgreens Boots Alliance, Inc. has a 52-week low of $8.22 and a 52-week high of $27.05. The company has a market cap of $7.79 billion, a P/E ratio of -0.94, a PEG ratio of 1.19 and a beta of 0.69.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $37.50 billion for the quarter, compared to the consensus estimate of $35.75 billion. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. Walgreens Boots Alliance’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts predict that Walgreens Boots Alliance, Inc. will post 1.53 EPS for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.10%. The ex-dividend date of this dividend is Monday, November 18th. Walgreens Boots Alliance’s dividend payout ratio is presently -9.99%.

Walgreens Boots Alliance Company 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.