Cape Cod Five Cents Savings Bank Sells 515 Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA)

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Cape Cod Five Cents Savings Bank lessened its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,683 shares of the pharmacy operator’s stock after selling 515 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Walgreens Boots Alliance were worth $260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV raised its holdings in shares of Walgreens Boots Alliance by 2.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,031 shares of the pharmacy operator’s stock valued at $415,000 after buying an additional 196 shares in the last quarter. Dai Ichi Life Insurance Company Ltd raised its holdings in shares of Walgreens Boots Alliance by 0.3% during the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 65,529 shares of the pharmacy operator’s stock valued at $3,864,000 after buying an additional 196 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Walgreens Boots Alliance by 4.0% during the 4th quarter. Fiera Capital Corp now owns 5,461 shares of the pharmacy operator’s stock valued at $322,000 after buying an additional 212 shares in the last quarter. Motco raised its holdings in shares of Walgreens Boots Alliance by 13.6% during the 4th quarter. Motco now owns 1,794 shares of the pharmacy operator’s stock valued at $106,000 after buying an additional 215 shares in the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of Walgreens Boots Alliance by 3.5% during the 1st quarter. Asset Dedication LLC now owns 7,199 shares of the pharmacy operator’s stock valued at $337,000 after buying an additional 246 shares in the last quarter. 57.19% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance stock traded down $0.15 during mid-day trading on Monday, hitting $39.60. The company had a trading volume of 3,391,244 shares, compared to its average volume of 7,348,387. The company has a current ratio of 0.66, a quick ratio of 0.32 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average price is $42.22 and its two-hundred day moving average price is $51.33. Walgreens Boots Alliance Inc has a 12 month low of $36.65 and a 12 month high of $64.50. The company has a market capitalization of $34.74 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.83 and a beta of 0.55.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, April 2nd. The pharmacy operator reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.06. Walgreens Boots Alliance had a return on equity of 21.26% and a net margin of 2.52%. The business had revenue of $35.82 billion for the quarter, compared to the consensus estimate of $35.24 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Tuesday, May 19th. Walgreens Boots Alliance’s payout ratio is 30.55%.

A number of brokerages have commented on WBA. JPMorgan Chase & Co. decreased their price target on Walgreens Boots Alliance from $62.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, April 3rd. ValuEngine cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Friday, May 15th. Royal Bank of Canada decreased their price target on Walgreens Boots Alliance from $57.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Friday, April 3rd. Finally, Barclays decreased their price target on Walgreens Boots Alliance from $60.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, April 3rd. Four equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.21.

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.

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

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