Posted by Defense World Staff on Jul 31st, 2024
Public Employees Retirement Association of Colorado decreased its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,006 shares of the pharmacy operator’s stock after selling 5,170 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Walgreens Boots Alliance were worth $1,692,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of WBA. Capital World Investors lifted its holdings in shares of Walgreens Boots Alliance by 57.5% in the first quarter. Capital World Investors now owns 29,061,021 shares of the pharmacy operator’s stock valued at $630,334,000 after purchasing an additional 10,612,373 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Walgreens Boots Alliance by 10.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,519,845 shares of the pharmacy operator’s stock worth $170,233,000 after acquiring an additional 613,847 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Walgreens Boots Alliance by 12.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,077,336 shares of the pharmacy operator’s stock valued at $80,349,000 after acquiring an additional 339,143 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Walgreens Boots Alliance by 1.2% in the 4th quarter. Schroder Investment Management Group now owns 2,249,654 shares of the pharmacy operator’s stock valued at $58,738,000 after purchasing an additional 27,634 shares during the period. Finally, Ariel Investments LLC lifted its position in shares of Walgreens Boots Alliance by 25.3% in the first quarter. Ariel Investments LLC now owns 1,839,987 shares of the pharmacy operator’s stock worth $39,909,000 after purchasing an additional 371,386 shares in the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on WBA shares. Truist Financial lowered their price objective on shares of Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Barclays lowered their price target on shares of Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, July 23rd. Bank of America reaffirmed an “underperform” rating and issued a $11.00 price target (down from $22.00) on shares of Walgreens Boots Alliance in a research note on Friday, June 28th. TD Cowen reduced their price objective on Walgreens Boots Alliance from $35.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 1st. Finally, Royal Bank of Canada dropped their target price on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.86.
Check Out Our Latest Research Report on Walgreens Boots Alliance
Walgreens Boots Alliance Trading Up 1.8 %
Shares of WBA stock opened at $12.16 on Wednesday. Walgreens Boots Alliance, Inc. has a 12 month low of $10.69 and a 12 month high of $30.79. The company has a market cap of $10.50 billion, a PE ratio of -1.80, a price-to-earnings-growth ratio of 0.83 and a beta of 0.72. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $13.73 and its two-hundred day moving average is $17.96.
Walgreens Boots Alliance (NASDAQ:WBA – Get Free Report) last posted its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). The firm had revenue of $36.40 billion for the quarter, compared to the consensus estimate of $35.94 billion. Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. Walgreens Boots Alliance’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. Equities analysts predict that Walgreens Boots Alliance, Inc. will post 2.87 EPS for the current year.
Walgreens Boots Alliance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.22%. Walgreens Boots Alliance’s payout ratio is presently -14.84%.
Walgreens Boots Alliance Profile
Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.
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