Stockman Wealth Management Inc. boosted its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 10.5% in the 4th quarter, Holdings Channel reports. The firm owned 41,642 shares of the pharmacy operator’s stock after purchasing an additional 3,952 shares during the period. Walgreens Boots Alliance accounts for about 1.4% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Stockman Wealth Management Inc.’s holdings in Walgreens Boots Alliance were worth $3,024,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Commonwealth Bank of Australia increased its stake in Walgreens Boots Alliance by 139.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 46,167 shares of the pharmacy operator’s stock valued at $3,614,000 after buying an additional 26,893 shares during the period. Andra AP fonden increased its stake in Walgreens Boots Alliance by 6.9% in the 3rd quarter. Andra AP fonden now owns 62,300 shares of the pharmacy operator’s stock valued at $4,811,000 after buying an additional 4,000 shares during the period. Chesley Taft & Associates LLC increased its stake in Walgreens Boots Alliance by 48.6% in the 4th quarter. Chesley Taft & Associates LLC now owns 261,369 shares of the pharmacy operator’s stock valued at $18,981,000 after buying an additional 85,423 shares during the period. First Trust Advisors LP increased its stake in Walgreens Boots Alliance by 10.3% in the 4th quarter. First Trust Advisors LP now owns 748,421 shares of the pharmacy operator’s stock valued at $54,350,000 after buying an additional 69,650 shares during the period. Finally, CI Investments Inc. acquired a new position in Walgreens Boots Alliance in the 3rd quarter valued at $27,555,000. Hedge funds and other institutional investors own 60.82% of the company’s stock.
Several equities analysts have issued reports on WBA shares. Bank of America assumed coverage on shares of Walgreens Boots Alliance in a research note on Tuesday. They issued a “neutral” rating on the stock. Deutsche Bank assumed coverage on shares of Walgreens Boots Alliance in a research note on Monday, December 4th. They set a “hold” rating and a $78.00 price target on the stock. Leerink Swann cut shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Wednesday, February 14th. Finally, ValuEngine raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Eleven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Buy” and a consensus target price of $85.37.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The business had revenue of $30.74 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. analysts anticipate that Walgreens Boots Alliance Inc will post 5.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Thursday, February 15th will be given a $0.40 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. Walgreens Boots Alliance’s dividend payout ratio is presently 44.20%.
In other news, insider Stefano Pessina bought 98,858 shares of Walgreens Boots Alliance stock in a transaction on Monday, January 15th. The shares were bought at an average cost of $76.07 per share, for a total transaction of $7,520,128.06. The transaction was disclosed in a filing with the SEC, which is available at this link. 14.80% of the stock is currently owned by corporate insiders.
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Walgreens Boots Alliance Company 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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