San Luis Wealth Advisors LLC Buys New Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

San Luis Wealth Advisors LLC purchased a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,359 shares of the pharmacy operator’s stock, valued at approximately $824,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WBA. First Financial Corp IN increased its position in shares of Walgreens Boots Alliance by 49.2% during the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock valued at $25,000 after acquiring an additional 885 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Walgreens Boots Alliance during the second quarter worth about $34,000. TD Private Client Wealth LLC raised its position in Walgreens Boots Alliance by 8,670.3% in the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock worth $29,000 after acquiring an additional 3,208 shares during the period. Sentry Investment Management LLC purchased a new position in Walgreens Boots Alliance in the third quarter valued at about $30,000. Finally, Elkhorn Partners Limited Partnership grew its position in shares of Walgreens Boots Alliance by 250.0% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 3,500 shares of the pharmacy operator’s stock valued at $42,000 after acquiring an additional 2,500 shares during the period. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on WBA. Truist Financial reduced their price objective on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a report on Monday, October 7th. Evercore ISI lifted their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an “in-line” rating in a research report on Monday. Royal Bank of Canada cut their target price on Walgreens Boots Alliance from $13.00 to $9.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 4th. Morgan Stanley cut their price target on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, October 11th. Finally, Barclays upped their price target on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Walgreens Boots Alliance currently has an average rating of “Hold” and a consensus price target of $12.81.

Walgreens Boots Alliance Stock Performance

NASDAQ:WBA opened at $12.24 on Wednesday. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $23.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.37. The business has a 50 day moving average of $9.36 and a 200 day moving average of $9.81. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of -1.22, a PEG ratio of 1.36 and a beta of 0.64.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, beating the consensus estimate of $0.38 by $0.13. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The company had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. During the same quarter last year, the firm earned $0.66 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Walgreens Boots Alliance, Inc. will post 1.53 earnings per share for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 8.17%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently -9.77%.

About Walgreens Boots Alliance

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.