American Investment Services Inc. Has $2.82 Million Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

American Investment Services Inc. reduced its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 232,830 shares of the pharmacy operator’s stock after selling 14,576 shares during the quarter. American Investment Services Inc.’s holdings in Walgreens Boots Alliance were worth $2,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Brown Inc. lifted its stake in Walgreens Boots Alliance by 1.8% during the 1st quarter. Atlas Brown Inc. now owns 31,593 shares of the pharmacy operator’s stock valued at $685,000 after acquiring an additional 550 shares in the last quarter. Shilanski & Associates Inc. lifted its position in shares of Walgreens Boots Alliance by 5.3% during the 1st quarter. Shilanski & Associates Inc. now owns 11,821 shares of the pharmacy operator’s stock worth $256,000 after buying an additional 591 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Walgreens Boots Alliance by 1.9% during the first quarter. First Trust Direct Indexing L.P. now owns 32,085 shares of the pharmacy operator’s stock worth $696,000 after acquiring an additional 597 shares during the period. Buckley Wealth Management LLC raised its stake in shares of Walgreens Boots Alliance by 2.1% during the 1st quarter. Buckley Wealth Management LLC now owns 37,335 shares of the pharmacy operator’s stock worth $810,000 after purchasing an additional 785 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Walgreens Boots Alliance by 60.4% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,130 shares of the pharmacy operator’s stock worth $46,000 after buying an additional 802 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Walgreens Boots Alliance Price Performance

Shares of Walgreens Boots Alliance stock opened at $8.71 on Monday. The business’s 50-day moving average price is $10.29 and its 200-day moving average price is $14.68. The firm has a market capitalization of $7.52 billion, a PE ratio of -1.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.70. Walgreens Boots Alliance, Inc. has a 12 month low of $8.46 and a 12 month high of $27.05. The company has a current ratio of 0.65, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results 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 business had revenue of $36.40 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 2.86 EPS for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The business also recently disclosed 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 payout ratio is currently -14.84%.

Wall Street Analysts Forecast Growth

Several analysts have commented on WBA shares. Evercore ISI lowered their price objective on shares of 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. JPMorgan Chase & Co. dropped their price objective on Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Bank of America lowered their target price on Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating on the stock in a research note on Wednesday, September 4th. Barclays lowered their price objective on Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 23rd. Finally, Truist Financial reduced their target price on shares of Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus price target of $14.73.

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.