AdvisorNet Financial Inc Has $498,000 Stock Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

AdvisorNet Financial Inc lessened its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,148 shares of the pharmacy operator’s stock after selling 554 shares during the quarter. AdvisorNet Financial Inc’s holdings in Walgreens Boots Alliance were worth $498,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Mutual Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 1.6% in the 1st quarter. Mutual Advisors LLC now owns 16,616 shares of the pharmacy operator’s stock worth $744,000 after buying an additional 261 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Walgreens Boots Alliance by 83.0% during the first quarter. Metis Global Partners LLC now owns 11,467 shares of the pharmacy operator’s stock worth $513,000 after purchasing an additional 5,200 shares during the period. Gradient Investments LLC raised its stake in Walgreens Boots Alliance by 40.7% in the first quarter. Gradient Investments LLC now owns 15,223 shares of the pharmacy operator’s stock worth $682,000 after buying an additional 4,407 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Walgreens Boots Alliance by 89.3% during the first quarter. Integrated Wealth Concepts LLC now owns 14,484 shares of the pharmacy operator’s stock valued at $648,000 after purchasing an additional 6,832 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Walgreens Boots Alliance by 19.8% during the first quarter. Parkside Financial Bank & Trust now owns 6,535 shares of the pharmacy operator’s stock valued at $292,000 after purchasing an additional 1,080 shares in the last quarter. Institutional investors and hedge funds own 57.33% of the company’s stock.

Walgreens Boots Alliance Price Performance

Shares of WBA opened at $34.27 on Monday. The company has a 50 day moving average price of $37.73 and a 200-day moving average price of $41.64. Walgreens Boots Alliance, Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $55.00. The stock has a market capitalization of $29.62 billion, a PE ratio of 5.53, a PEG ratio of 1.48 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.43 and a current ratio of 0.78.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last announced its quarterly earnings results on Thursday, June 30th. The pharmacy operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01. The firm had revenue of $32.60 billion during the quarter, compared to analysts’ expectations of $32.23 billion. Walgreens Boots Alliance had a net margin of 4.00% and a return on equity of 16.20%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 EPS. Equities analysts predict that Walgreens Boots Alliance, Inc. will post 5.02 earnings per share for the current fiscal year.

Walgreens Boots Alliance Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend was Thursday, August 18th. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.48. Walgreens Boots Alliance’s payout ratio is 30.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WBA shares. Truist Financial dropped their price target on shares of Walgreens Boots Alliance from $50.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, July 1st. Royal Bank of Canada reduced their target price on shares of Walgreens Boots Alliance from $46.00 to $42.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walgreens Boots Alliance from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, July 1st. Cowen dropped their price target on shares of Walgreens Boots Alliance to $49.00 in a research note on Thursday, June 9th. Finally, Barclays dropped their price target on shares of Walgreens Boots Alliance from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, June 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.25.

About Walgreens Boots Alliance

(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.

Featured Stories

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating).

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

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.