Rowland & Co. Investment Counsel ADV grew its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,906 shares of the pharmacy operator’s stock after purchasing an additional 287 shares during the period. Rowland & Co. Investment Counsel ADV’s holdings in Walgreens Boots Alliance were worth $636,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Private Ocean LLC bought a new position in shares of Walgreens Boots Alliance in the 1st quarter valued at $25,000. Islay Capital Management LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at $29,000. Americana Partners LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at $29,000. Pearl River Capital LLC bought a new position in shares of Walgreens Boots Alliance in the 1st quarter valued at $35,000. Finally, Bray Capital Advisors bought a new position in shares of Walgreens Boots Alliance in the 1st quarter valued at $37,000. Institutional investors own 57.19% of the company’s stock.
Several research firms recently weighed in on WBA. Barclays cut their price objective on Walgreens Boots Alliance from $60.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, April 3rd. Cowen cut their target price on Walgreens Boots Alliance from $54.00 to $48.00 and set a “market perform” rating on the stock in a report on Tuesday, May 19th. Deutsche Bank raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating and cut their target price for the stock from $51.00 to $43.00 in a report on Friday, April 3rd. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Friday, May 15th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Walgreens Boots Alliance in a report on Thursday, April 2nd. Four analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Walgreens Boots Alliance currently has an average rating of “Hold” and a consensus price target of $51.21.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, April 2nd. The pharmacy operator reported $1.52 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $35.82 billion during the quarter, compared to analyst estimates of $35.24 billion. During the same period in the previous year, the company posted $1.64 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.4575 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.83 annualized dividend and a dividend yield of 4.62%. Walgreens Boots Alliance’s dividend payout ratio is currently 30.55%.
Walgreens Boots Alliance Company 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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