Romano Brothers AND Company Sells 7,944 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Romano Brothers AND Company reduced its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,743 shares of the pharmacy operator’s stock after selling 7,944 shares during the quarter. Romano Brothers AND Company’s holdings in Walgreens Boots Alliance were worth $3,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of Walgreens Boots Alliance by 3.3% during the 2nd quarter. Pacer Advisors Inc. now owns 107,571 shares of the pharmacy operator’s stock worth $3,065,000 after purchasing an additional 3,407 shares during the last quarter. Sage Capital Advisors llc boosted its holdings in Walgreens Boots Alliance by 1.2% in the 2nd quarter. Sage Capital Advisors llc now owns 107,871 shares of the pharmacy operator’s stock valued at $3,073,000 after purchasing an additional 1,263 shares during the period. Richelieu Gestion SA bought a new stake in shares of Walgreens Boots Alliance during the 2nd quarter worth approximately $2,217,000. Buckley Wealth Management LLC lifted its holdings in shares of Walgreens Boots Alliance by 7.9% during the 2nd quarter. Buckley Wealth Management LLC now owns 25,930 shares of the pharmacy operator’s stock worth $739,000 after acquiring an additional 1,890 shares during the period. Finally, Paragon Capital Management Ltd increased its position in Walgreens Boots Alliance by 27.9% during the 2nd quarter. Paragon Capital Management Ltd now owns 8,155 shares of the pharmacy operator’s stock worth $232,000 after purchasing an additional 1,778 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Walgreens Boots Alliance news, EVP John Patrick Driscoll bought 5,172 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was purchased at an average cost of $28.42 per share, for a total transaction of $146,988.24. Following the completion of the purchase, the executive vice president now owns 59,050 shares of the company’s stock, valued at approximately $1,678,201. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 17.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on WBA. Barclays decreased their price target on shares of Walgreens Boots Alliance from $38.00 to $32.00 in a research report on Wednesday, June 28th. UBS Group dropped their price objective on shares of Walgreens Boots Alliance from $37.00 to $35.00 in a research note on Tuesday, June 27th. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $34.00 in a research note on Wednesday, June 28th. Mizuho reiterated a “neutral” rating and issued a $31.00 target price on shares of Walgreens Boots Alliance in a report on Friday, July 14th. Finally, Truist Financial restated a “hold” rating and set a $30.00 price objective on shares of Walgreens Boots Alliance in a report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus price target of $36.23.

Walgreens Boots Alliance Trading Down 0.4 %

Shares of NASDAQ WBA traded down $0.08 during mid-day trading on Tuesday, reaching $22.11. 3,940,180 shares of the company’s stock were exchanged, compared to its average volume of 8,517,389. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.32 and a current ratio of 0.63. Walgreens Boots Alliance, Inc. has a 52-week low of $21.39 and a 52-week high of $42.29. The company’s 50-day moving average is $27.33 and its 200-day moving average is $30.80.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Tuesday, June 27th. The pharmacy operator reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.07). The business had revenue of $35.42 billion for the quarter, compared to analyst estimates of $34.32 billion. Walgreens Boots Alliance had a positive return on equity of 12.62% and a negative net margin of 2.44%. Walgreens Boots Alliance’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. As a group, analysts forecast that Walgreens Boots Alliance, Inc. will post 4 earnings per share for the current year.

Walgreens Boots Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 21st were paid a $0.48 dividend. The ex-dividend date was Friday, August 18th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.68%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently -50.00%.

Walgreens Boots Alliance Company Profile

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.