TD Asset Management Inc Purchases 75,557 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

TD Asset Management Inc grew its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 24.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 379,029 shares of the pharmacy operator’s stock after buying an additional 75,557 shares during the period. TD Asset Management Inc’s holdings in Walgreens Boots Alliance were worth $4,584,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WBA. Private Advisor Group LLC boosted its stake in Walgreens Boots Alliance by 8.0% in the 4th quarter. Private Advisor Group LLC now owns 53,150 shares of the pharmacy operator’s stock worth $1,383,000 after purchasing an additional 3,925 shares in the last quarter. Principal Securities Inc. acquired a new stake in Walgreens Boots Alliance in the 4th quarter worth approximately $144,000. NBC Securities Inc. boosted its stake in Walgreens Boots Alliance by 9.9% in the 4th quarter. NBC Securities Inc. now owns 6,757 shares of the pharmacy operator’s stock worth $176,000 after purchasing an additional 611 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Walgreens Boots Alliance by 12.4% in the 4th quarter. QRG Capital Management Inc. now owns 19,376 shares of the pharmacy operator’s stock worth $506,000 after purchasing an additional 2,140 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Walgreens Boots Alliance in the 4th quarter worth approximately $541,000. 58.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WBA. JPMorgan Chase & Co. lowered their target price on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Evercore ISI lowered their target price on shares of Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Bank of America lowered their target price on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating for the company in a research note on Wednesday, September 4th. UBS Group reduced their price target on shares of Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada reduced their price target on shares of Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Walgreens Boots Alliance has an average rating of “Hold” and an average price target of $15.19.

Walgreens Boots Alliance Price Performance

NASDAQ:WBA opened at $8.74 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.31. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of -1.30, a price-to-earnings-growth ratio of 0.93 and a beta of 0.70. The company has a 50 day moving average price of $10.60 and a 200-day moving average price of $15.32. Walgreens Boots Alliance, Inc. has a 1-year low of $8.46 and a 1-year high of $27.05.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share 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 analysts’ expectations of $35.94 billion. Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. Walgreens Boots Alliance’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. Equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 2.87 EPS for the current year.

Walgreens Boots Alliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Wednesday, August 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.44%. The ex-dividend date is Wednesday, August 21st. Walgreens Boots Alliance’s payout ratio is presently -14.84%.

About Walgreens Boots Alliance

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.