Hammer Asset Management LLC bought a new stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,849 shares of the pharmacy operator’s stock, valued at approximately $2,271,000. Walgreens Boots Alliance makes up 2.0% of Hammer Asset Management LLC’s holdings, making the stock its 29th largest position.
Several other institutional investors also recently modified their holdings of WBA. Sei Investments Co. boosted its stake in Walgreens Boots Alliance by 100.9% during the 2nd quarter. Sei Investments Co. now owns 349,451 shares of the pharmacy operator’s stock worth $20,970,000 after purchasing an additional 175,551 shares during the period. Piedmont Investment Advisors LLC boosted its stake in Walgreens Boots Alliance by 12.7% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 198,734 shares of the pharmacy operator’s stock worth $11,927,000 after purchasing an additional 22,356 shares during the period. Bailard Inc. acquired a new stake in Walgreens Boots Alliance during the 2nd quarter worth $290,000. Prentiss Smith & Co. Inc. boosted its stake in Walgreens Boots Alliance by 1,125.9% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 120,913 shares of the pharmacy operator’s stock worth $7,257,000 after purchasing an additional 111,050 shares during the period. Finally, Wealth Advisors of Tampa Bay LLC boosted its stake in Walgreens Boots Alliance by 5.9% during the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 24,867 shares of the pharmacy operator’s stock worth $1,523,000 after purchasing an additional 1,390 shares during the period. Institutional investors and hedge funds own 61.99% of the company’s stock.
A number of analysts recently weighed in on WBA shares. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Tuesday, June 19th. Mizuho set a $77.00 target price on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Tuesday, May 29th. Loop Capital raised their target price on shares of Walgreens Boots Alliance to $80.00 and gave the stock a “buy” rating in a research note on Friday, June 29th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Finally, Jefferies Financial Group cut shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $65.00 in a research note on Friday, June 29th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus price target of $77.22.
In other Walgreens Boots Alliance news, COO Ornella Barra bought 1,700,000 shares of the company’s stock in a transaction on Monday, July 16th. The stock was purchased at an average cost of $65.15 per share, for a total transaction of $110,755,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total transaction of $180,548.64. Following the transaction, the director now owns 10,943 shares of the company’s stock, valued at $722,128.57. The disclosure for this sale can be found here. Company insiders own 14.80% of the company’s stock.
Shares of WBA opened at $68.24 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $68.04 billion, a PE ratio of 13.38, a P/E/G ratio of 1.04 and a beta of 1.09. Walgreens Boots Alliance Inc has a 52-week low of $59.07 and a 52-week high of $83.89.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, June 28th. The pharmacy operator reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.06. The business had revenue of $34.33 billion during the quarter, compared to the consensus estimate of $34.15 billion. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 EPS. equities research analysts forecast that Walgreens Boots Alliance Inc will post 5.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Monday, August 20th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, August 17th. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 34.51%.
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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.
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