Walgreens Boots Alliance Inc (NASDAQ:WBA) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lessened its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 20,741 shares of the pharmacy operator’s stock after selling 499 shares during the period. Redmond Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $1,134,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Family Legacy Inc. grew its stake in shares of Walgreens Boots Alliance by 2.5% in the first quarter. Family Legacy Inc. now owns 8,020 shares of the pharmacy operator’s stock valued at $442,000 after buying an additional 195 shares in the last quarter. Hills Bank & Trust Co. grew its stake in shares of Walgreens Boots Alliance by 5.5% in the first quarter. Hills Bank & Trust Co. now owns 3,815 shares of the pharmacy operator’s stock valued at $242,000 after buying an additional 200 shares in the last quarter. Plimoth Trust Co. LLC grew its stake in shares of Walgreens Boots Alliance by 2.4% in the first quarter. Plimoth Trust Co. LLC now owns 8,379 shares of the pharmacy operator’s stock valued at $530,000 after buying an additional 200 shares in the last quarter. Cable Hill Partners LLC grew its stake in shares of Walgreens Boots Alliance by 40.0% in the first quarter. Cable Hill Partners LLC now owns 700 shares of the pharmacy operator’s stock valued at $44,000 after buying an additional 200 shares in the last quarter. Finally, Exencial Wealth Advisors LLC grew its stake in shares of Walgreens Boots Alliance by 1.0% in the first quarter. Exencial Wealth Advisors LLC now owns 20,134 shares of the pharmacy operator’s stock valued at $1,274,000 after buying an additional 207 shares in the last quarter. 61.97% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price objective for the company. in a research note on Monday, June 10th. Morgan Stanley set a $61.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Tuesday, May 14th. Bank of America decreased their target price on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a report on Monday, June 3rd. BidaskClub lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Finally, ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.82.

NASDAQ:WBA traded down $0.71 during midday trading on Thursday, reaching $49.70. The company had a trading volume of 2,861,990 shares, compared to its average volume of 4,389,901. The firm has a market cap of $46.96 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.30 and a beta of 0.81. The business’s fifty day simple moving average is $54.33. Walgreens Boots Alliance Inc has a 12-month low of $49.31 and a 12-month high of $86.31. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.37.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $34.59 billion during the quarter, compared to analyst estimates of $34.52 billion. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. Walgreens Boots Alliance’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share. As a group, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.69%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, August 19th. Walgreens Boots Alliance’s payout ratio is 29.24%.

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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