Canada Pension Plan Investment Board trimmed its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Free Report) by 14.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 822,896 shares of the pharmacy operator’s stock after selling 135,348 shares during the period. Canada Pension Plan Investment Board owned approximately 0.10% of Walgreens Boots Alliance worth $23,444,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in WBA. Pittenger & Anderson Inc. purchased a new stake in shares of Walgreens Boots Alliance during the first quarter worth $28,000. China Universal Asset Management Co. Ltd. increased its position in shares of Walgreens Boots Alliance by 273.2% during the second quarter. China Universal Asset Management Co. Ltd. now owns 974 shares of the pharmacy operator’s stock worth $28,000 after acquiring an additional 713 shares during the period. Northwest Bank & Trust Co purchased a new stake in shares of Walgreens Boots Alliance during the second quarter worth $29,000. Milestone Investment Advisors LLC purchased a new stake in shares of Walgreens Boots Alliance during the first quarter worth $31,000. Finally, Front Row Advisors LLC purchased a new stake in shares of Walgreens Boots Alliance during the first quarter worth $34,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
WBA has been the topic of a number of recent research reports. Evercore ISI cut their price objective on Walgreens Boots Alliance from $26.00 to $21.00 in a research report on Wednesday, October 11th. Truist Financial dropped their target price on Walgreens Boots Alliance from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, October 11th. JPMorgan Chase & Co. raised Walgreens Boots Alliance from a “neutral” rating to an “overweight” rating and increased their target price for the company from $27.00 to $30.00 in a report on Monday, October 23rd. Mizuho dropped their target price on Walgreens Boots Alliance from $31.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, October 10th. Finally, TheStreet lowered Walgreens Boots Alliance from a “c-” rating to a “d+” rating in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.15.
Walgreens Boots Alliance Stock Performance
Shares of WBA stock opened at $21.09 on Wednesday. The stock’s 50-day moving average is $21.76 and its two-hundred day moving average is $26.98. The firm has a market cap of $18.22 billion, a price-to-earnings ratio of -5.91, a PEG ratio of 1.21 and a beta of 0.80. Walgreens Boots Alliance, Inc. has a 1 year low of $20.00 and a 1 year high of $42.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.30 and a current ratio of 0.63.
Walgreens Boots Alliance (NASDAQ:WBA – Get Free Report) last announced its earnings results on Thursday, October 12th. The pharmacy operator reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). Walgreens Boots Alliance had a positive return on equity of 12.31% and a negative net margin of 2.21%. The business had revenue of $35.42 billion for the quarter, compared to analyst estimates of $34.81 billion. During the same quarter last year, the company posted $0.80 EPS. Walgreens Boots Alliance’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts predict that Walgreens Boots Alliance, Inc. will post 3.34 earnings per share for the current year.
Walgreens Boots Alliance Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.10%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is -53.78%.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.
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