Alpha Cubed Investments LLC boosted its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,641 shares of the pharmacy operator’s stock after buying an additional 705 shares during the period. Alpha Cubed Investments LLC’s holdings in Walgreens Boots Alliance were worth $884,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of WBA. Baltimore Washington Financial Advisors Inc. purchased a new stake in Walgreens Boots Alliance during the fourth quarter valued at about $17,135,000. Hudock Capital Group LLC raised its stake in Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock valued at $108,000 after buying an additional 5 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in Walgreens Boots Alliance during the fourth quarter valued at about $111,000. Tarbox Group Inc. raised its stake in Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock valued at $113,000 after buying an additional 1,006 shares in the last quarter. Finally, Howe & Rusling Inc. raised its stake in Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock valued at $120,000 after buying an additional 975 shares in the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 78.44 on Friday. The company has a market cap of $84.79 billion, a PE ratio of 20.16 and a beta of 1.20. Walgreens Boots Alliance, Inc. has a 1-year low of $76.26 and a 1-year high of $88.00. The stock has a 50 day moving average price of $83.02 and a 200 day moving average price of $83.80. Walgreens Boots Alliance also was the recipient of some unusual options trading on Thursday. Stock traders acquired 23,262 call options on the company. This is an increase of 320% compared to the average daily volume of 5,535 call options.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Wednesday, April 5th. The pharmacy operator reported $1.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.36. Walgreens Boots Alliance had a return on equity of 16.86% and a net margin of 3.66%. The firm had revenue of $29.45 billion during the quarter, compared to analysts’ expectations of $30.17 billion. During the same period last year, the firm posted $1.31 EPS. The business’s revenue was down 2.4% on a year-over-year basis. Equities analysts forecast that Walgreens Boots Alliance, Inc. will post $4.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Thursday, May 18th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 16th. This represents a $1.50 dividend on an annualized basis and a yield of 1.91%. Walgreens Boots Alliance’s dividend payout ratio is 38.36%.
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WBA has been the subject of a number of recent research reports. Barclays PLC set a $79.00 price objective on Walgreens Boots Alliance and gave the stock a “hold” rating in a research note on Saturday, April 1st. Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Friday, March 31st. Guggenheim restated a “buy” rating and set a $100.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, April 6th. Finally, Leerink Swann set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $90.62.
In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $85.89, for a total transaction of $234,995.04. Following the completion of the sale, the director now directly owns 21,887 shares of the company’s stock, valued at approximately $1,879,874.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.50% of the company’s stock.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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