Sei Investments Co. Has $4.22 Million Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Sei Investments Co. lessened its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 13.1% in the second quarter, HoldingsChannel.com reports. The firm owned 348,642 shares of the pharmacy operator’s stock after selling 52,577 shares during the quarter. Sei Investments Co.’s holdings in Walgreens Boots Alliance were worth $4,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atlas Brown Inc. boosted its holdings in shares of Walgreens Boots Alliance by 1.8% during the 1st quarter. Atlas Brown Inc. now owns 31,593 shares of the pharmacy operator’s stock worth $685,000 after buying an additional 550 shares in the last quarter. Shilanski & Associates Inc. boosted its holdings in shares of Walgreens Boots Alliance by 5.3% during the 1st quarter. Shilanski & Associates Inc. now owns 11,821 shares of the pharmacy operator’s stock worth $256,000 after buying an additional 591 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Walgreens Boots Alliance by 1.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 32,085 shares of the pharmacy operator’s stock worth $696,000 after buying an additional 597 shares in the last quarter. Buckley Wealth Management LLC boosted its holdings in shares of Walgreens Boots Alliance by 2.1% during the 1st quarter. Buckley Wealth Management LLC now owns 37,335 shares of the pharmacy operator’s stock worth $810,000 after buying an additional 785 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Walgreens Boots Alliance by 60.4% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,130 shares of the pharmacy operator’s stock worth $46,000 after buying an additional 802 shares in the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on WBA. TD Cowen cut their target price on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. JPMorgan Chase & Co. cut their target price on Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Evercore ISI cut their target price on Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating on the stock in a report on Friday, June 28th. Royal Bank of Canada cut their target price on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 2nd. Finally, Morgan Stanley cut their target price on Walgreens Boots Alliance from $13.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Walgreens Boots Alliance currently has a consensus rating of “Hold” and an average price target of $14.73.

Walgreens Boots Alliance Price Performance

Shares of NASDAQ:WBA opened at $8.70 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $9.90 and its two-hundred day simple moving average is $14.07. Walgreens Boots Alliance, Inc. has a 1-year low of $8.22 and a 1-year high of $27.05. The stock has a market cap of $7.51 billion, a PE ratio of -1.29, a price-to-earnings-growth ratio of 1.03 and a beta of 0.70.

Walgreens Boots Alliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend was Wednesday, August 21st. Walgreens Boots Alliance’s dividend payout ratio is presently -14.84%.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.