97,289 Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 97,289 shares of the pharmacy operator's stock, valued at approximately $872,000.

Several other large investors have also modified their holdings of the stock. Iron Horse Wealth Management LLC boosted its stake in Walgreens Boots Alliance by 162.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,100 shares of the pharmacy operator's stock worth $25,000 after purchasing an additional 1,300 shares during the period. Blue Trust Inc. boosted its stake in Walgreens Boots Alliance by 87.0% during the 2nd 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 during the period. Continuum Advisory LLC boosted its stake in Walgreens Boots Alliance by 71.2% during the 2nd quarter. Continuum Advisory LLC now owns 2,453 shares of the pharmacy operator's stock worth $30,000 after purchasing an additional 1,020 shares during the period. Sentry Investment Management LLC acquired a new stake in Walgreens Boots Alliance during the 3rd quarter worth $30,000. Finally, Eastern Bank acquired a new stake in Walgreens Boots Alliance during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 58.59% of the company's stock.

Wall Street Analyst Weigh In

WBA has been the subject of a number of recent research reports. TD Cowen decreased their price target on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Morgan Stanley cut their price objective on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an "underweight" rating for the company in a research report on Friday, October 11th. Bank of America cut their price objective on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an "underperform" rating for the company in a research report on Wednesday, September 4th. Evercore ISI upped their price objective on shares of Walgreens Boots Alliance from $7.50 to $10.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 16th. Finally, UBS Group upped their price objective on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Walgreens Boots Alliance has a consensus rating of "Hold" and an average price target of $12.88.

Walgreens Boots Alliance Trading Up 0.2 %

Shares of WBA traded up $0.02 during mid-day trading on Wednesday, hitting $9.03. The company had a trading volume of 16,744,842 shares, compared to its average volume of 17,341,381. The business's 50-day simple moving average is $9.18 and its 200-day simple moving average is $12.01. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. Walgreens Boots Alliance, Inc. has a 1-year low of $8.22 and a 1-year high of $27.05. The stock has a market cap of $7.81 billion, a PE ratio of -0.90, a P/E/G ratio of 1.18 and a beta of 0.69.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The firm had revenue of $37.50 billion for the quarter, compared to analyst estimates of $35.75 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Walgreens Boots Alliance's revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 1.53 earnings per share for the current year.

Walgreens Boots Alliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.07%. Walgreens Boots Alliance's dividend payout ratio is currently -9.99%.

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.