Carret Asset Management LLC boosted its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Get Rating) by 10.3% during the first quarter, HoldingsChannel.com reports. The fund owned 5,371 shares of the pharmacy operator’s stock after buying an additional 501 shares during the quarter. Carret Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $240,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in Walgreens Boots Alliance by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 91,000 shares of the pharmacy operator’s stock valued at $4,746,000 after acquiring an additional 1,600 shares during the last quarter. Tectonic Advisors LLC boosted its position in Walgreens Boots Alliance by 19.8% in the fourth quarter. Tectonic Advisors LLC now owns 5,142 shares of the pharmacy operator’s stock valued at $268,000 after buying an additional 849 shares in the last quarter. Frontier Wealth Management LLC boosted its position in Walgreens Boots Alliance by 9.3% in the fourth quarter. Frontier Wealth Management LLC now owns 24,854 shares of the pharmacy operator’s stock valued at $1,296,000 after buying an additional 2,122 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Walgreens Boots Alliance in the fourth quarter valued at approximately $990,000. Finally, Grandview Asset Management LLC acquired a new stake in Walgreens Boots Alliance in the fourth quarter valued at approximately $731,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.
In other Walgreens Boots Alliance news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of Walgreens Boots Alliance stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $150.00, for a total value of $900,000,000.00. Following the completion of the sale, the insider now directly owns 52,854,867 shares of the company’s stock, valued at $7,928,230,050. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 17.40% of the company’s stock.
Walgreens Boots Alliance (NASDAQ:WBA – Get Rating) last released its earnings results on Thursday, March 31st. The pharmacy operator reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20. The business had revenue of $33.76 billion for the quarter, compared to analyst estimates of $33.33 billion. Walgreens Boots Alliance had a net margin of 4.62% and a return on equity of 19.15%. Walgreens Boots Alliance’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 earnings per share. Research analysts expect that Walgreens Boots Alliance, Inc. will post 5.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 20th were issued a $0.4775 dividend. The ex-dividend date was Thursday, May 19th. This represents a $1.91 annualized dividend and a yield of 4.72%. Walgreens Boots Alliance’s payout ratio is 26.34%.
A number of analysts have weighed in on the stock. Robert W. Baird lowered shares of Walgreens Boots Alliance from an “outperform” rating to a “neutral” rating and cut their target price for the company from $70.00 to $51.00 in a research report on Friday, April 1st. TheStreet lowered shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Monday, May 2nd. Truist Financial cut their target price on shares of Walgreens Boots Alliance from $58.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, April 1st. Royal Bank of Canada cut their price target on shares of Walgreens Boots Alliance from $52.00 to $46.00 and set a “sector perform” rating on the stock in a report on Friday, April 1st. Finally, Cowen cut their price target on shares of Walgreens Boots Alliance to $49.00 in a report on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Walgreens Boots Alliance currently has an average rating of “Hold” and a consensus price target of $49.77.
Walgreens Boots Alliance Profile (Get Rating)
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.
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