Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by First National Bank of South Miami

First National Bank of South Miami lowered its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 12.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,139 shares of the pharmacy operator’s stock after selling 992 shares during the quarter. First National Bank of South Miami’s holdings in Walgreens Boots Alliance were worth $203,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Texas Yale Capital Corp. boosted its stake in Walgreens Boots Alliance by 2.3% in the fourth quarter. Texas Yale Capital Corp. now owns 12,253 shares of the pharmacy operator’s stock valued at $458,000 after acquiring an additional 280 shares during the period. Exchange Traded Concepts LLC boosted its position in Walgreens Boots Alliance by 7.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 4,084 shares of the pharmacy operator’s stock valued at $141,000 after purchasing an additional 287 shares during the period. Capital Investment Advisors LLC grew its stake in Walgreens Boots Alliance by 2.9% during the 1st quarter. Capital Investment Advisors LLC now owns 10,266 shares of the pharmacy operator’s stock worth $355,000 after buying an additional 291 shares during the last quarter. Private Ocean LLC increased its position in Walgreens Boots Alliance by 65.6% in the first quarter. Private Ocean LLC now owns 757 shares of the pharmacy operator’s stock worth $26,000 after buying an additional 300 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its stake in Walgreens Boots Alliance by 0.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 63,483 shares of the pharmacy operator’s stock valued at $2,842,000 after buying an additional 310 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Insider Buying and Selling at Walgreens Boots Alliance

In other news, EVP John Patrick Driscoll purchased 5,172 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was bought at an average cost of $28.42 per share, with a total value of $146,988.24. Following the purchase, the executive vice president now directly owns 59,050 shares of the company’s stock, valued at $1,678,201. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.40% of the company’s stock.

Wall Street Analyst Weigh In

WBA has been the topic of several recent research reports. Royal Bank of Canada cut their price objective on shares of Walgreens Boots Alliance from $36.00 to $29.00 in a research report on Thursday, June 29th. StockNews.com started coverage on Walgreens Boots Alliance in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Credit Suisse Group dropped their target price on shares of Walgreens Boots Alliance from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, August 24th. UBS Group reduced their price objective on Walgreens Boots Alliance from $37.00 to $35.00 in a research note on Tuesday, June 27th. Finally, Morgan Stanley cut their target price on Walgreens Boots Alliance from $37.00 to $27.00 and set an “underweight” rating on the stock in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.23.

Walgreens Boots Alliance Stock Performance

NASDAQ:WBA opened at $22.19 on Tuesday. The stock’s 50-day moving average is $27.33 and its two-hundred day moving average is $30.80. The company has a quick ratio of 0.32, a current ratio of 0.63 and a debt-to-equity ratio of 0.30. Walgreens Boots Alliance, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $42.29.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data 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). Walgreens Boots Alliance had a negative net margin of 2.44% and a positive return on equity of 12.62%. The company had revenue of $35.42 billion during the quarter, compared to analyst estimates of $34.32 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 4 earnings per share for the current year.

Walgreens Boots Alliance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 21st were given a dividend of $0.48 per share. The ex-dividend date was Friday, August 18th. This represents a $1.92 dividend on an annualized basis and a yield of 8.65%. Walgreens Boots Alliance’s payout ratio is -50.00%.

Walgreens Boots Alliance 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.