Midwest Professional Planners LTD. Makes New $204,000 Investment in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Midwest Professional Planners LTD. bought a new position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,882 shares of the pharmacy operator’s stock, valued at approximately $204,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Walgreens Boots Alliance by 13.8% in the first quarter. BlackRock Inc. now owns 56,869,775 shares of the pharmacy operator’s stock worth $3,122,151,000 after purchasing an additional 6,907,100 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Walgreens Boots Alliance by 1.8% in the first quarter. Geode Capital Management LLC now owns 11,415,810 shares of the pharmacy operator’s stock worth $624,920,000 after purchasing an additional 199,080 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Walgreens Boots Alliance by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,954,325 shares of the pharmacy operator’s stock worth $436,535,000 after purchasing an additional 268,378 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Walgreens Boots Alliance by 2.0% during the first quarter. UBS Asset Management Americas Inc. now owns 4,269,570 shares of the pharmacy operator’s stock valued at $234,399,000 after acquiring an additional 84,982 shares during the last quarter. Finally, Swiss National Bank increased its position in Walgreens Boots Alliance by 5.8% during the second quarter. Swiss National Bank now owns 2,994,663 shares of the pharmacy operator’s stock valued at $157,549,000 after acquiring an additional 164,271 shares during the last quarter. 55.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:WBA traded up $0.78 during trading on Wednesday, hitting $49.00. The company had a trading volume of 16,837 shares, compared to its average volume of 5,797,803. The stock has a market cap of $42.38 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.49. Walgreens Boots Alliance, Inc. has a one year low of $33.36 and a one year high of $57.05. The company has a fifty day simple moving average of $48.20 and a two-hundred day simple moving average of $51.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.77 and a quick ratio of 0.53.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Wednesday, June 30th. The pharmacy operator reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.21. The business had revenue of $34.03 billion during the quarter, compared to analyst estimates of $33.47 billion. Walgreens Boots Alliance had a return on equity of 20.79% and a net margin of 1.66%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post 4.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 20th were paid a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.89%. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, August 19th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 40.30%.

WBA has been the subject of a number of research reports. TheStreet cut Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Friday, June 18th. Truist reduced their price objective on Walgreens Boots Alliance from $58.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, July 2nd. Robert W. Baird restated a “buy” rating and issued a $68.00 price target on shares of Walgreens Boots Alliance in a research report on Friday, September 3rd. Credit Suisse Group reduced their price target on Walgreens Boots Alliance from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, July 2nd. Finally, Truist Securities reduced their price target on Walgreens Boots Alliance from $58.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, July 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Walgreens Boots Alliance has an average rating of “Hold” and a consensus price target of $50.83.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services.

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

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