First Republic Investment Management Inc. boosted its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,990 shares of the pharmacy operator’s stock after buying an additional 2,438 shares during the quarter. First Republic Investment Management Inc.’s holdings in Walgreens Boots Alliance were worth $10,606,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Alpha Omega Wealth Management LLC grew its holdings in shares of Walgreens Boots Alliance by 100.0% during the first quarter. Alpha Omega Wealth Management LLC now owns 1,600 shares of the pharmacy operator’s stock valued at $105,000 after purchasing an additional 800 shares during the last quarter. Financial Advocates Investment Management bought a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $125,000. Fieldpoint Private Securities LLC grew its holdings in shares of Walgreens Boots Alliance by 428.6% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,850 shares of the pharmacy operator’s stock valued at $134,000 after purchasing an additional 1,500 shares during the last quarter. QCI Asset Management Inc. NY grew its holdings in shares of Walgreens Boots Alliance by 95.9% during the first quarter. QCI Asset Management Inc. NY now owns 2,155 shares of the pharmacy operator’s stock valued at $141,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Reilly Financial Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 69.1% during the first quarter. Reilly Financial Advisors LLC now owns 2,242 shares of the pharmacy operator’s stock valued at $147,000 after purchasing an additional 916 shares during the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. ValuEngine downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Barclays started coverage on Walgreens Boots Alliance in a research report on Thursday, March 8th. They set an “equal weight” rating and a $76.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $82.40.
WBA opened at $63.53 on Monday. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.45. Walgreens Boots Alliance Inc has a 1-year low of $61.56 and a 1-year high of $83.89.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, March 28th. The pharmacy operator reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. The firm had revenue of $33.02 billion during the quarter, compared to the consensus estimate of $32.20 billion. Walgreens Boots Alliance had a return on equity of 20.38% and a net margin of 3.33%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. analysts predict that Walgreens Boots Alliance Inc will post 5.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Friday, May 18th will be given a $0.40 dividend. The ex-dividend date is Thursday, May 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.52%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 31.37%.
About Walgreens Boots Alliance
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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.
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