First Community Trust NA lessened its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Free Report) by 67.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,000 shares of the pharmacy operator’s stock after selling 8,225 shares during the quarter. First Community Trust NA’s holdings in Walgreens Boots Alliance were worth $37,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Park Avenue Securities LLC purchased a new position in Walgreens Boots Alliance during the 4th quarter valued at approximately $141,000. Assenagon Asset Management S.A. boosted its position in shares of Walgreens Boots Alliance by 2,599.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 622,703 shares of the pharmacy operator’s stock valued at $5,810,000 after acquiring an additional 599,637 shares during the last quarter. San Luis Wealth Advisors LLC purchased a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at $824,000. SeaCrest Wealth Management LLC bought a new stake in Walgreens Boots Alliance in the fourth quarter worth $323,000. Finally, First Financial Corp IN raised its stake in 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 purchasing an additional 885 shares in the last quarter. Institutional investors own 58.59% of the company’s stock.
Wall Street Analyst Weigh In
WBA has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group dropped their price target on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Barclays upped their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, October 16th. Bank of America lifted their target price on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a report on Monday. Finally, Evercore ISI raised their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an “in-line” rating in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.81.
Walgreens Boots Alliance Trading Up 2.9 %
WBA stock opened at $12.24 on Wednesday. The company has a market capitalization of $10.57 billion, a PE ratio of -1.22, a P/E/G ratio of 1.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.37. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $23.76. The firm’s 50-day moving average is $9.36 and its 200 day moving average is $9.81.
Walgreens Boots Alliance (NASDAQ:WBA – Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share 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 firm had revenue of $39.50 billion during the quarter, compared to the consensus estimate of $37.40 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. On average, research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.53 EPS for the current year.
Walgreens Boots Alliance Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 8.17%. Walgreens Boots Alliance’s dividend payout ratio is currently -9.77%.
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.
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