Private Trust Co. NA Purchases 963 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Private Trust Co. NA raised its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,461 shares of the pharmacy operator’s stock after purchasing an additional 963 shares during the period. Private Trust Co. NA’s holdings in Walgreens Boots Alliance were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Investors Financial Group LLC increased its holdings in shares of Walgreens Boots Alliance by 2.7% in the 4th quarter. Investors Financial Group LLC now owns 7,092 shares of the pharmacy operator’s stock valued at $370,000 after acquiring an additional 189 shares during the period. Veriti Management LLC increased its holdings in shares of Walgreens Boots Alliance by 1.5% in the 4th quarter. Veriti Management LLC now owns 13,534 shares of the pharmacy operator’s stock valued at $706,000 after acquiring an additional 197 shares during the period. Bangor Savings Bank increased its holdings in shares of Walgreens Boots Alliance by 0.6% in the 4th quarter. Bangor Savings Bank now owns 31,213 shares of the pharmacy operator’s stock valued at $1,628,000 after acquiring an additional 197 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in shares of Walgreens Boots Alliance by 1.0% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 19,989 shares of the pharmacy operator’s stock valued at $1,019,000 after acquiring an additional 200 shares during the period. Finally, Centerpoint Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 20.7% in the 4th quarter. Centerpoint Advisors LLC now owns 1,190 shares of the pharmacy operator’s stock valued at $62,000 after acquiring an additional 204 shares during the period. 57.02% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on WBA. StockNews.com upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Saturday, June 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Walgreens Boots Alliance from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, April 5th. Morgan Stanley dropped their target price on Walgreens Boots Alliance from $50.00 to $43.00 and set an “underweight” rating on the stock in a research note on Thursday, June 2nd. TheStreet downgraded Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research note on Monday, May 2nd. Finally, Truist Financial dropped their target price on Walgreens Boots Alliance from $58.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, April 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.77.

Shares of WBA opened at $40.45 on Thursday. The stock has a 50-day moving average of $43.00 and a two-hundred day moving average of $46.84. Walgreens Boots Alliance, Inc. has a one year low of $39.14 and a one year high of $55.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.35 and a current ratio of 0.74. The stock has a market cap of $34.94 billion, a P/E ratio of 5.58, a P/E/G ratio of 1.55 and a beta of 0.55.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last issued its quarterly earnings results on Thursday, March 31st. The pharmacy operator reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 4.62%. The company had revenue of $33.76 billion during the quarter, compared to analysts’ expectations of $33.33 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that Walgreens Boots Alliance, Inc. will post 5.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 20th were issued a $0.4775 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $1.91 annualized dividend and a dividend yield of 4.72%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 26.34%.

In other news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $150.00, for a total value of $900,000,000.00. Following the completion of the transaction, the insider now owns 52,854,867 shares of the company’s stock, valued at approximately $7,928,230,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.40% of the company’s stock.

Walgreens Boots Alliance Company Profile (Get Rating)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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