Elo Mutual Pension Insurance Co Increases Stock Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Elo Mutual Pension Insurance Co boosted its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,593 shares of the pharmacy operator’s stock after purchasing an additional 1,794 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Walgreens Boots Alliance were worth $830,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC raised its stake in shares of Walgreens Boots Alliance by 162.5% in the second quarter. Iron Horse Wealth Management LLC now owns 2,100 shares of the pharmacy operator’s stock worth $25,000 after buying an additional 1,300 shares during the period. Pineridge Advisors LLC bought a new position in shares of Walgreens Boots Alliance in the fourth quarter worth approximately $26,000. Blue Trust Inc. increased its stake in shares of Walgreens Boots Alliance by 87.0% in the second quarter. Blue Trust Inc. now owns 2,324 shares of the pharmacy operator’s stock worth $28,000 after purchasing an additional 1,081 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Walgreens Boots Alliance during the 4th quarter valued at $30,000. Finally, Continuum Advisory LLC lifted its stake in shares of Walgreens Boots Alliance by 71.2% during the 2nd quarter. Continuum Advisory LLC now owns 2,453 shares of the pharmacy operator’s stock valued at $30,000 after buying an additional 1,020 shares in the last quarter. Institutional investors own 58.59% of the company’s stock.

Analysts Set New Price Targets

WBA has been the topic of several research analyst reports. Evercore ISI lowered their price objective on Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating on the stock in a research report on Friday, June 28th. Truist Financial lowered their price target on Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Barclays cut their price objective on shares of Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, July 23rd. UBS Group lowered their target price on shares of Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. cut 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. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Walgreens Boots Alliance has a consensus rating of “Hold” and an average price target of $14.73.

Walgreens Boots Alliance Price Performance

Shares of Walgreens Boots Alliance stock opened at $8.71 on Friday. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of -1.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.65. The stock has a 50 day moving average price of $10.29 and a 200-day moving average price of $14.77. Walgreens Boots Alliance, Inc. has a one year low of $8.46 and a one year high of $27.05.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $0.63 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 analysts’ expectations of $35.94 billion. Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. Equities analysts expect that Walgreens Boots Alliance, Inc. will post 2.86 EPS for the current year.

Walgreens Boots Alliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.48%. The ex-dividend date was Wednesday, August 21st. Walgreens Boots Alliance’s payout ratio is currently -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.