Quilter Investors LTD raised its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 114.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,113 shares of the pharmacy operator’s stock after buying an additional 51,314 shares during the quarter. Walgreens Boots Alliance comprises about 3.9% of Quilter Investors LTD’s portfolio, making the stock its 13th largest position. Quilter Investors LTD’s holdings in Walgreens Boots Alliance were worth $6,081,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. increased its holdings in Walgreens Boots Alliance by 12.1% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,920 shares of the pharmacy operator’s stock valued at $131,000 after buying an additional 208 shares during the period. Pathlight Investors LLC acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $524,000. Roman Butler Fullerton & Co. boosted its stake in shares of Walgreens Boots Alliance by 28.8% in the 1st quarter. Roman Butler Fullerton & Co. now owns 22,127 shares of the pharmacy operator’s stock valued at $1,400,000 after purchasing an additional 4,942 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $963,000. Finally, Tiemann Investment Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 2.7% in the 4th quarter. Tiemann Investment Advisors LLC now owns 22,190 shares of the pharmacy operator’s stock valued at $1,516,000 after purchasing an additional 586 shares in the last quarter. 65.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. TheStreet downgraded shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 13th. Pivotal Research lowered their price target on shares of Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, April 3rd. Finally, Mizuho set a $67.00 price target on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Thursday, March 28th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. Walgreens Boots Alliance has a consensus rating of “Hold” and an average target price of $68.00.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.06). The business had revenue of $34.53 billion for the quarter, compared to the consensus estimate of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 EPS. Analysts forecast that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.32%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
In other Walgreens Boots Alliance news, COO Ornella Barra purchased 18,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of $54.56 per share, for a total transaction of $982,080.00. Following the purchase, the chief operating officer now owns 26,425 shares of the company’s stock, valued at approximately $1,441,748. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.73% of the company’s stock.
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Walgreens Boots Alliance 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.
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