McKinley Carter Wealth Services Inc. purchased a new stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,733 shares of the pharmacy operator’s stock, valued at approximately $2,022,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Asset Dedication LLC lifted its stake in shares of Walgreens Boots Alliance by 204.6% during the third quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock valued at $115,000 after buying an additional 1,060 shares during the period. BlueMountain Capital Management LLC purchased a new position in shares of Walgreens Boots Alliance during the second quarter valued at approximately $103,000. CSat Investment Advisory L.P. purchased a new position in shares of Walgreens Boots Alliance during the second quarter valued at approximately $104,000. Squar Milner Financial Services LLC purchased a new position in shares of Walgreens Boots Alliance during the second quarter valued at approximately $106,000. Finally, Kaizen Advisory LLC lifted its stake in shares of Walgreens Boots Alliance by 128.6% during the second quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock valued at $116,000 after buying an additional 1,083 shares during the period. 64.57% of the stock is currently owned by institutional investors.
WBA has been the subject of several research analyst reports. BidaskClub raised 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 price target for the company. in a research report on Monday, July 23rd. Robert W. Baird upped their price target on shares of Walgreens Boots Alliance from $64.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 11th. TheStreet raised shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. Finally, ValuEngine raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $78.22.
In other news, SVP Kimberly R. Scardino sold 11,970 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $79.79, for a total value of $955,086.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the completion of the sale, the executive vice president now directly owns 81,076 shares of the company’s stock, valued at approximately $6,386,356.52. The disclosure for this sale can be found here. Insiders sold 66,706 shares of company stock valued at $5,268,584 in the last three months. Company insiders own 14.80% of the company’s stock.
Walgreens Boots Alliance stock opened at $82.39 on Friday. Walgreens Boots Alliance Inc has a 52-week low of $59.07 and a 52-week high of $83.00. The firm has a market capitalization of $78.25 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. The company has a quick ratio of 0.38, a current ratio of 0.82 and a debt-to-equity ratio of 0.47.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $33.44 billion during the quarter, compared to analyst estimates of $33.64 billion. Research analysts anticipate that Walgreens Boots Alliance Inc will post 6.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Monday, November 12th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 8th. Walgreens Boots Alliance’s payout ratio is currently 29.24%.
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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.
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