Motco Boosts Stock Position in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Motco raised its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,794 shares of the pharmacy operator’s stock after purchasing an additional 215 shares during the period. Motco’s holdings in Walgreens Boots Alliance were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its position in shares of Walgreens Boots Alliance by 20.2% in the third quarter. Wealthfront Advisers LLC now owns 17,458 shares of the pharmacy operator’s stock valued at $966,000 after acquiring an additional 2,939 shares during the period. DNB Asset Management AS boosted its position in shares of Walgreens Boots Alliance by 4.0% in the third quarter. DNB Asset Management AS now owns 141,884 shares of the pharmacy operator’s stock valued at $7,848,000 after acquiring an additional 5,441 shares during the period. Winslow Evans & Crocker Inc. boosted its position in shares of Walgreens Boots Alliance by 92.6% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,456 shares of the pharmacy operator’s stock valued at $82,000 after acquiring an additional 700 shares during the period. Advisor Partners LLC boosted its position in shares of Walgreens Boots Alliance by 20.4% in the third quarter. Advisor Partners LLC now owns 15,172 shares of the pharmacy operator’s stock valued at $839,000 after acquiring an additional 2,566 shares during the period. Finally, Mission Wealth Management LP bought a new position in shares of Walgreens Boots Alliance in the third quarter valued at approximately $599,000. Institutional investors own 60.38% of the company’s stock.

WBA has been the subject of a number of analyst reports. ValuEngine upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Mizuho restated a “hold” rating and issued a $59.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, January 9th. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Bank of America restated a “sell” rating and issued a $50.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, January 2nd. Finally, SunTrust Banks raised their price objective on shares of Walgreens Boots Alliance from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.94.

Shares of Walgreens Boots Alliance stock opened at $52.85 on Friday. Walgreens Boots Alliance Inc has a 1 year low of $49.03 and a 1 year high of $74.94. The firm has a market cap of $47.46 billion, a PE ratio of 9.06, a PEG ratio of 1.40 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.66 and a quick ratio of 0.31. The company has a 50 day simple moving average of $54.78 and a two-hundred day simple moving average of $55.35.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Wednesday, January 8th. The pharmacy operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.03). Walgreens Boots Alliance had a net margin of 2.69% and a return on equity of 21.76%. The company had revenue of $34.34 billion for the quarter, compared to the consensus estimate of $34.45 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Walgreens Boots Alliance Inc will post 5.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.458 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.83 annualized dividend and a yield of 3.47%. Walgreens Boots Alliance’s payout ratio is presently 30.55%.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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

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