Parkside Investments LLC Has $2.59 Million Position in Walgreens Boots Alliance Inc (WBA)

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Parkside Investments LLC lifted its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,914 shares of the pharmacy operator’s stock after purchasing an additional 6,570 shares during the quarter. Parkside Investments LLC’s holdings in Walgreens Boots Alliance were worth $2,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC bought a new position in Walgreens Boots Alliance during the fourth quarter worth $27,000. Cornerstone Advisors Inc. grew its holdings in shares of Walgreens Boots Alliance by 102.4% during the third quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock worth $31,000 after purchasing an additional 214 shares during the last quarter. Brand Asset Management Group Inc. boosted its holdings in Walgreens Boots Alliance by 40.7% in the fourth quarter. Brand Asset Management Group Inc. now owns 692 shares of the pharmacy operator’s stock valued at $47,000 after acquiring an additional 200 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Walgreens Boots Alliance in the fourth quarter valued at approximately $59,000. Finally, Alpha Omega Wealth Management LLC boosted its holdings in shares of Walgreens Boots Alliance by 44.8% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 869 shares of the pharmacy operator’s stock worth $59,000 after buying an additional 269 shares in the last quarter. 66.57% of the stock is owned by institutional investors and hedge funds.

In related news, Director Nancy M. Schlichting sold 7,050 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $78.81, for a total transaction of $555,610.50. Following the sale, the director now owns 5,709 shares in the company, valued at $449,926.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.73% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on the company. Pivotal Research increased their price target on Walgreens Boots Alliance from $60.00 to $72.00 and gave the stock a “hold” rating in a research note on Monday, October 15th. Zacks Investment Research cut Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Morgan Stanley lifted their price objective on Walgreens Boots Alliance from $55.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Monday, December 3rd. Goldman Sachs Group lowered Walgreens Boots Alliance from a “neutral” rating to a “sell” rating in a research report on Friday, December 14th. Finally, BidaskClub downgraded Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 18th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.83.

Shares of WBA opened at $70.47 on Tuesday. Walgreens Boots Alliance Inc has a 1-year low of $59.07 and a 1-year high of $86.31. The company has a market cap of $66.30 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.80 and a quick ratio of 0.36.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.03. Walgreens Boots Alliance had a net margin of 3.96% and a return on equity of 22.17%. The firm had revenue of $33.79 billion for the quarter, compared to analyst estimates of $33.90 billion. During the same quarter last year, the business earned $1.28 earnings per share. Walgreens Boots Alliance’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that Walgreens Boots Alliance Inc will post 6.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Friday, February 15th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, February 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.50%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 29.24%.

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Walgreens Boots Alliance Profile

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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Read More: Market Capitalization – What it Means for Investors

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

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