Cozad Asset Management Inc. raised its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,688 shares of the pharmacy operator’s stock after acquiring an additional 4,123 shares during the quarter. Cozad Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $3,017,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Massey Quick Simon & CO. LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth approximately $27,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth approximately $29,000. Cornerstone Advisors Inc. grew its position in shares of Walgreens Boots Alliance by 102.4% during the third quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock worth $31,000 after buying an additional 214 shares in the last quarter. PRW Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth approximately $34,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth approximately $42,000. 65.15% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. Guggenheim assumed coverage on shares of Walgreens Boots Alliance in a report on Thursday, April 18th. They issued a “neutral” rating and a $59.00 price objective for the company. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Saturday, April 13th. Morgan Stanley decreased their price objective on shares of Walgreens Boots Alliance from $67.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, April 3rd. SunTrust Banks lifted their price objective on shares of Walgreens Boots Alliance to $58.00 and gave the stock a “hold” rating in a report on Wednesday, April 3rd. Finally, Citigroup decreased their price objective on shares of Walgreens Boots Alliance from $76.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.00.
WBA stock traded down $0.14 during mid-day trading on Friday, reaching $53.42. The company had a trading volume of 5,004,486 shares, compared to its average volume of 6,247,655. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78. The stock has a market capitalization of $48.97 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.09 and a beta of 0.77. Walgreens Boots Alliance Inc has a one year low of $52.25 and a one year high of $86.31.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.06). Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The company had revenue of $34.53 billion during the quarter, compared to the consensus estimate of $34.57 billion. During the same quarter in the previous year, the business posted $1.73 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, analysts predict that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.
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Walgreens Boots Alliance Company 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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