Smith Moore & CO. Grows Position in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Smith Moore & CO. boosted its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 10.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,442 shares of the pharmacy operator’s stock after buying an additional 1,947 shares during the quarter. Smith Moore & CO.’s holdings in Walgreens Boots Alliance were worth $1,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cable Hill Partners LLC grew its stake in shares of Walgreens Boots Alliance by 40.0% during the 1st quarter. Cable Hill Partners LLC now owns 700 shares of the pharmacy operator’s stock worth $44,000 after acquiring an additional 200 shares during the period. GWM Advisors LLC grew its stake in shares of Walgreens Boots Alliance by 4.5% during the 2nd quarter. GWM Advisors LLC now owns 5,126 shares of the pharmacy operator’s stock worth $280,000 after acquiring an additional 222 shares during the period. Webster Bank N. A. grew its stake in shares of Walgreens Boots Alliance by 37.0% during the 2nd quarter. Webster Bank N. A. now owns 833 shares of the pharmacy operator’s stock worth $45,000 after acquiring an additional 225 shares during the period. RB Capital Management LLC grew its stake in shares of Walgreens Boots Alliance by 4.9% during the 2nd quarter. RB Capital Management LLC now owns 4,961 shares of the pharmacy operator’s stock worth $271,000 after acquiring an additional 232 shares during the period. Finally, Roberts Glore & Co. Inc. IL grew its stake in shares of Walgreens Boots Alliance by 1.4% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 17,520 shares of the pharmacy operator’s stock worth $958,000 after acquiring an additional 237 shares during the period. 59.69% of the stock is owned by institutional investors and hedge funds.

NASDAQ WBA traded up $0.73 during trading hours on Wednesday, hitting $54.36. The company had a trading volume of 3,409,535 shares, compared to its average volume of 5,829,188. Walgreens Boots Alliance Inc has a 52 week low of $49.03 and a 52 week high of $86.31. The firm has a 50 day simple moving average of $52.41 and a 200 day simple moving average of $54.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.37 and a current ratio of 0.76. The firm has a market capitalization of $49.67 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.38 and a beta of 0.88.



Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. The firm had revenue of $34.59 billion for the quarter, compared to analysts’ expectations of $34.52 billion. During the same quarter last year, the firm posted $1.53 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, research analysts forecast that Walgreens Boots Alliance Inc will post 5.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th were issued a $0.458 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.83 annualized dividend and a dividend yield of 3.37%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 30.40%.

Several research analysts have recently weighed in on WBA shares. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Friday, June 28th. BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. Cleveland Research restated a “hold” rating on shares of Walgreens Boots Alliance in a research note on Monday, September 9th. Bank of America cut their target price on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a research note on Monday, June 3rd. Finally, Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 target price for the company. in a research note on Monday, June 10th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $63.65.

In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total value of $10,869,505.04. Following the sale, the chief accounting officer now owns 357,851 shares of the company’s stock, valued at approximately $18,064,318.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.73% of the company’s stock.

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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