Matthew Goff Investment Advisor LLC acquired a new stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,644 shares of the pharmacy operator’s stock, valued at approximately $244,000.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Walgreens Boots Alliance by 0.6% during the third quarter. Vanguard Group Inc. now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after purchasing an additional 448,045 shares during the period. BlackRock Inc. lifted its holdings in shares of Walgreens Boots Alliance by 1.5% during the second quarter. BlackRock Inc. now owns 53,148,612 shares of the pharmacy operator’s stock worth $3,189,715,000 after purchasing an additional 771,307 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Walgreens Boots Alliance by 21.5% during the third quarter. Franklin Resources Inc. now owns 18,789,390 shares of the pharmacy operator’s stock worth $1,369,796,000 after purchasing an additional 3,318,524 shares during the period. Capital World Investors lifted its holdings in shares of Walgreens Boots Alliance by 18.2% during the third quarter. Capital World Investors now owns 18,089,012 shares of the pharmacy operator’s stock worth $1,318,689,000 after purchasing an additional 2,790,213 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Walgreens Boots Alliance by 71,970.7% during the third quarter. Bank of New York Mellon Corp now owns 11,640,855 shares of the pharmacy operator’s stock worth $848,617,000 after purchasing an additional 11,624,703 shares during the period. 62.59% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird lifted their target price on Walgreens Boots Alliance from $69.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 12th. BidaskClub upgraded Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 21st. TheStreet upgraded Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. Finally, SunTrust Banks lifted their price target on Walgreens Boots Alliance to $75.00 and gave the company a “hold” rating in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $79.11.
Shares of Walgreens Boots Alliance stock traded down $0.99 on Friday, reaching $81.95. The company’s stock had a trading volume of 146,402 shares, compared to its average volume of 5,050,581. The stock has a market capitalization of $78.61 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. Walgreens Boots Alliance Inc has a 52-week low of $59.07 and a 52-week high of $86.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.82 and a quick ratio of 0.38.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.03. The business had revenue of $33.44 billion during the quarter, compared to analysts’ expectations of $33.64 billion. Walgreens Boots Alliance had a return on equity of 21.75% and a net margin of 3.82%. On average, equities research analysts anticipate that Walgreens Boots Alliance Inc will post 6.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Monday, November 12th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, November 8th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
About Walgreens Boots Alliance
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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