Marshall & Sullivan Inc. WA grew its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.0% during the 1st quarter, Holdings Channel reports. The firm owned 48,153 shares of the pharmacy operator’s stock after purchasing an additional 2,302 shares during the period. Walgreens Boots Alliance makes up approximately 2.2% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 21st biggest position. Marshall & Sullivan Inc. WA’s holdings in Walgreens Boots Alliance were worth $3,047,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of WBA. Horan Capital Advisors LLC. acquired a new stake in shares of Walgreens Boots Alliance in the 1st quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $27,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $29,000. Trustcore Financial Services LLC acquired a new stake in shares of Walgreens Boots Alliance in the 1st quarter valued at approximately $31,000. Finally, PRW Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $34,000. 63.84% of the stock is currently owned by institutional investors.
WBA has been the topic of a number of analyst reports. Loop Capital cut their price target on shares of Walgreens Boots Alliance to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. They noted that the move was a valuation call. TheStreet downgraded shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a report on Friday, March 29th. Morgan Stanley dropped their target price on shares of Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 5th. Barclays dropped their target price on shares of Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Finally, Mizuho set a $67.00 target price on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $67.89.
Shares of WBA opened at $51.61 on Friday. The company has a market cap of $48.24 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. Walgreens Boots Alliance Inc has a twelve month low of $51.36 and a twelve month high of $86.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.78 and a quick ratio of 0.38.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the 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 return on equity of 22.00% and a net margin of 3.77%. Walgreens Boots Alliance’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.73 earnings per share. As a group, sell-side analysts expect 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. Stockholders 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 annualized dividend and a dividend yield of 3.41%. 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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