Webster Bank N. A. decreased its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 27.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608 shares of the pharmacy operator’s stock after selling 225 shares during the quarter. Webster Bank N. A.’s holdings in Walgreens Boots Alliance were worth $33,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Meridian Wealth Management LLC purchased a new position in Walgreens Boots Alliance during the first quarter valued at $25,000. Weaver Consulting Group purchased a new position in Walgreens Boots Alliance during the first quarter valued at $27,000. Sageworth Trust Co purchased a new position in Walgreens Boots Alliance during the second quarter valued at $27,000. First Interstate Bank raised its stake in Walgreens Boots Alliance by 228.1% during the second quarter. First Interstate Bank now owns 607 shares of the pharmacy operator’s stock valued at $33,000 after buying an additional 422 shares during the last quarter. Finally, TRUE Private Wealth Advisors purchased a new position in Walgreens Boots Alliance during the second quarter valued at $38,000. Institutional investors and hedge funds own 59.69% of the company’s stock.
A number of brokerages have issued reports on WBA. Morgan Stanley lowered their price objective on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. JPMorgan Chase & Co. decreased their price target on Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, June 28th. Cleveland Research restated a “hold” rating on shares of Walgreens Boots Alliance in a research note on Monday, September 9th. BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, Zacks Investment Research cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price target for the company. in a research note on Monday, June 10th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $62.24.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 20th were given a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Monday, August 19th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. Walgreens Boots Alliance’s dividend payout ratio is 30.40%.
In related news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the completion of the sale, the chief accounting officer now owns 357,851 shares in the company, valued at $18,064,318.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.73% of the stock is currently owned by corporate insiders.
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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