Industrial Alliance Investment Management Inc. Acquires 2,055 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Industrial Alliance Investment Management Inc. lifted its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Get Rating) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,872 shares of the pharmacy operator’s stock after acquiring an additional 2,055 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Walgreens Boots Alliance were worth $1,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WBA. Sage Private Wealth Group LLC bought a new position in Walgreens Boots Alliance in the 3rd quarter worth about $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Walgreens Boots Alliance by 289.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 915 shares of the pharmacy operator’s stock valued at $29,000 after buying an additional 680 shares in the last quarter. Bank of New Hampshire grew its position in Walgreens Boots Alliance by 56.4% during the 3rd quarter. Bank of New Hampshire now owns 960 shares of the pharmacy operator’s stock worth $30,000 after acquiring an additional 346 shares during the last quarter. Blume Capital Management Inc. grew its position in Walgreens Boots Alliance by 35.7% during the 3rd quarter. Blume Capital Management Inc. now owns 950 shares of the pharmacy operator’s stock worth $30,000 after acquiring an additional 250 shares during the last quarter. Finally, Ten Capital Wealth Advisors LLC grew its position in Walgreens Boots Alliance by 431.1% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 1,179 shares of the pharmacy operator’s stock worth $37,000 after acquiring an additional 957 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WBA. Cowen upgraded Walgreens Boots Alliance from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $54.00 in a research report on Tuesday, November 22nd. Morgan Stanley cut their price objective on Walgreens Boots Alliance from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Monday, January 30th. Mizuho lifted their price objective on Walgreens Boots Alliance from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 14th. StockNews.com assumed coverage on Walgreens Boots Alliance in a research report on Thursday. They set a “hold” rating on the stock. Finally, Loop Capital assumed coverage on Walgreens Boots Alliance in a research report on Wednesday, February 22nd. They set a “buy” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.43.

Walgreens Boots Alliance Stock Down 0.4 %

Walgreens Boots Alliance stock opened at $33.41 on Friday. The stock has a market cap of $28.82 billion, a PE ratio of -9.71, a price-to-earnings-growth ratio of 1.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 0.70. Walgreens Boots Alliance, Inc. has a one year low of $30.39 and a one year high of $48.62. The stock has a fifty day moving average of $35.93 and a 200 day moving average of $36.47.

Walgreens Boots Alliance (NASDAQ:WBA – Get Rating) last posted its quarterly earnings data on Thursday, January 5th. The pharmacy operator reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.01. The company had revenue of $33.38 billion during the quarter, compared to analysts’ expectations of $33.04 billion. Walgreens Boots Alliance had a positive return on equity of 13.57% and a negative net margin of 2.24%. Walgreens Boots Alliance’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, sell-side analysts predict that Walgreens Boots Alliance, Inc. will post 4.5 EPS for the current year.

Walgreens Boots Alliance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Thursday, February 16th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 5.75%. The ex-dividend date was Wednesday, February 15th. Walgreens Boots Alliance’s dividend payout ratio is presently -55.81%.

Walgreens Boots Alliance Company Profile

(Get Rating)

Walgreens Boots Alliance, Inc engages in the provision of healthcare and retail pharmacy services. It operates through the following segments: United States Retail Pharmacy, International, and United States Healthcare. The US Retail Pharmacy segment includes the operation of retail drugstores, health and wellness services, specialty and home delivery pharmacy services, and equity method investment.