Everett Harris & Co. CA decreased its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,479 shares of the pharmacy operator’s stock after selling 1,936 shares during the quarter. Everett Harris & Co. CA’s holdings in Walgreens Boots Alliance were worth $2,903,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Taylor Hoffman Wealth Management increased its stake in shares of Walgreens Boots Alliance by 360.0% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 460 shares of the pharmacy operator’s stock valued at $25,000 after acquiring an additional 360 shares in the last quarter. Sageworth Trust Co bought a new stake in shares of Walgreens Boots Alliance in the 2nd quarter valued at $27,000. Quest Capital Management Inc. ADV bought a new stake in shares of Walgreens Boots Alliance in the 3rd quarter valued at $31,000. First Interstate Bank increased its stake in shares of Walgreens Boots Alliance by 228.1% in the 2nd quarter. First Interstate Bank now owns 607 shares of the pharmacy operator’s stock valued at $33,000 after acquiring an additional 422 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Walgreens Boots Alliance in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 60.44% of the company’s stock.
WBA stock traded down $0.48 during midday trading on Wednesday, reaching $62.24. 349,133 shares of the company’s stock traded hands, compared to its average volume of 5,944,872. The company has a market cap of $52.87 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.48 and a beta of 0.87. The firm’s fifty day moving average price is $55.41 and its 200-day moving average price is $53.63. The company has a quick ratio of 0.36, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. Walgreens Boots Alliance Inc has a 52 week low of $49.03 and a 52 week high of $86.31.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Friday, November 15th. Walgreens Boots Alliance’s dividend payout ratio is 30.55%.
Several analysts have recently weighed in on WBA shares. Deutsche Bank started coverage on shares of Walgreens Boots Alliance in a research note on Thursday, September 12th. They issued a “sell” rating for the company. Royal Bank of Canada lowered shares of Walgreens Boots Alliance to a “hold” rating and set a $59.00 price objective for the company. in a research note on Friday, September 27th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Pivotal Research lowered their price objective on shares of Walgreens Boots Alliance from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, ValuEngine upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus target price of $61.35.
In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 234,355 shares of Walgreens Boots Alliance stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $63.16, for a total transaction of $14,801,861.80. Following the transaction, the chief accounting officer now directly owns 13,844 shares of the company’s stock, valued at approximately $874,387.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.73% of the stock is owned by insiders.
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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