Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC raised its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 460,197 shares of the pharmacy operator’s stock after buying an additional 49,180 shares during the period. AE Wealth Management LLC owned about 0.05% of Walgreens Boots Alliance worth $5,566,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Syon Capital LLC purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth approximately $333,000. EP Wealth Advisors LLC purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $297,000. Corient Private Wealth LLC raised its position in shares of Walgreens Boots Alliance by 38.9% in the fourth quarter. Corient Private Wealth LLC now owns 280,545 shares of the pharmacy operator’s stock valued at $7,325,000 after buying an additional 78,523 shares during the last quarter. Sanders Morris Harris LLC lifted its stake in shares of Walgreens Boots Alliance by 373.3% in the first quarter. Sanders Morris Harris LLC now owns 112,398 shares of the pharmacy operator’s stock worth $2,438,000 after buying an additional 88,650 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Walgreens Boots Alliance by 15.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 301,910 shares of the pharmacy operator’s stock worth $7,883,000 after acquiring an additional 40,095 shares during the last quarter. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 2nd. TD Cowen lowered their price objective on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Barclays cut their target price on Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Truist Financial reduced their target price on shares of Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Walgreens Boots Alliance currently has a consensus rating of “Hold” and a consensus target price of $14.73.

Walgreens Boots Alliance Stock Down 3.0 %

NASDAQ:WBA opened at $8.71 on Friday. Walgreens Boots Alliance, Inc. has a 52 week low of $8.46 and a 52 week high of $27.05. 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 stock’s fifty day moving average is $10.29 and its two-hundred day moving average is $14.72. The stock has a market capitalization 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.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 EPS for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. Research analysts anticipate that Walgreens Boots Alliance, Inc. will post 2.86 EPS for the current year.

Walgreens Boots Alliance Announces Dividend

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