M Holdings Securities Inc. purchased a new stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,785 shares of the pharmacy operator’s stock, valued at approximately $1,074,000.
Several other institutional investors have also bought and sold shares of WBA. Westside Investment Management Inc. boosted its position in Walgreens Boots Alliance by 10.4% during the second quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after purchasing an additional 125 shares in the last quarter. Zions Bancorporation boosted its position in Walgreens Boots Alliance by 983.3% during the third quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock worth $105,000 after purchasing an additional 1,239 shares in the last quarter. IHT Wealth Management LLC boosted its position in Walgreens Boots Alliance by 46.3% during the second quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock worth $135,000 after purchasing an additional 2,199 shares in the last quarter. Bristlecone Advisors LLC purchased a new stake in Walgreens Boots Alliance during the third quarter worth $135,000. Finally, Trustcore Financial Services LLC purchased a new stake in Walgreens Boots Alliance during the fourth quarter worth $155,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.
In other news, insider Stefano Pessina purchased 98,858 shares of the stock in a transaction on Monday, January 15th. The stock was purchased at an average price of $76.07 per share, with a total value of $7,520,128.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 14.80% of the stock is currently owned by insiders.
Walgreens Boots Alliance stock opened at $63.47 on Friday. The firm has a market capitalization of $64,964.02, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. Walgreens Boots Alliance Inc has a 52 week low of $61.74 and a 52 week high of $87.79. The company has a quick ratio of 0.45, a current ratio of 0.90 and a debt-to-equity ratio of 0.44.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, March 28th. The pharmacy operator reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.18. The firm had revenue of $33.02 billion during the quarter, compared to analyst estimates of $32.20 billion. Walgreens Boots Alliance had a return on equity of 20.38% and a net margin of 3.33%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. research analysts predict that Walgreens Boots Alliance Inc will post 5.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Thursday, February 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 31.37%.
A number of analysts have commented on WBA shares. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Vetr raised Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Royal Bank of Canada set a $94.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Friday, February 16th. SunTrust Banks set a $80.00 price target on Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Thursday, December 21st. Finally, ValuEngine cut Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Walgreens Boots Alliance has a consensus rating of “Buy” and a consensus price target of $83.35.
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Walgreens Boots Alliance Profile
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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