Accuvest Global Advisors Invests $477,000 in Walgreens Boots Alliance Inc (WBA) Stock

Accuvest Global Advisors purchased a new position in Walgreens Boots Alliance Inc (NASDAQ:WBA) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 6,537 shares of the pharmacy operator’s stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in Walgreens Boots Alliance by 1.5% in the 2nd quarter. BlackRock Inc. now owns 53,148,612 shares of the pharmacy operator’s stock worth $3,189,715,000 after purchasing an additional 771,307 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Walgreens Boots Alliance by 11.5% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,110,617 shares of the pharmacy operator’s stock worth $666,804,000 after purchasing an additional 1,143,819 shares during the last quarter. Northern Trust Corp grew its position in Walgreens Boots Alliance by 1.9% in the 2nd quarter. Northern Trust Corp now owns 11,102,159 shares of the pharmacy operator’s stock worth $666,296,000 after purchasing an additional 208,235 shares during the last quarter. Bank of New York Mellon Corp grew its position in Walgreens Boots Alliance by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,875,615 shares of the pharmacy operator’s stock worth $652,699,000 after purchasing an additional 320,484 shares during the last quarter. Finally, LSV Asset Management grew its position in Walgreens Boots Alliance by 17.2% in the 2nd quarter. LSV Asset Management now owns 8,704,233 shares of the pharmacy operator’s stock worth $522,384,000 after purchasing an additional 1,277,546 shares during the last quarter. Institutional investors own 64.81% of the company’s stock.

Several analysts have issued reports on WBA shares. Citigroup lowered shares of Walgreens Boots Alliance from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Monday, July 9th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Cowen lowered shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 target price on the stock. in a research report on Monday, July 23rd. Robert W. Baird lifted their target price on shares of Walgreens Boots Alliance from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, September 11th. Finally, TheStreet upgraded shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $78.22.

Shares of Walgreens Boots Alliance stock opened at $79.90 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47. Walgreens Boots Alliance Inc has a twelve month low of $59.07 and a twelve month high of $80.68. The stock has a market cap of $74.79 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a net margin of 3.82% and a return on equity of 21.75%. The firm had revenue of $33.44 billion during the quarter, compared to the consensus estimate of $33.64 billion. Research analysts forecast that Walgreens Boots Alliance Inc will post 6.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 12th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, November 8th. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

About Walgreens Boots Alliance

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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

Read More: What is Liquidity?

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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