88,359 Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Bought by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC acquired a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 88,359 shares of the pharmacy operator's stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Financial Corp IN grew its position in shares of Walgreens Boots Alliance by 49.2% in the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator's stock valued at $25,000 after acquiring an additional 885 shares during the period. TD Private Client Wealth LLC grew its holdings in Walgreens Boots Alliance by 8,670.3% during the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator's stock worth $29,000 after purchasing an additional 3,208 shares during the period. Sentry Investment Management LLC acquired a new position in Walgreens Boots Alliance during the third quarter worth approximately $30,000. Eastern Bank bought a new stake in Walgreens Boots Alliance in the third quarter valued at approximately $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Walgreens Boots Alliance in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 58.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WBA. Evercore ISI boosted their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday. UBS Group increased their price objective on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Jefferies Financial Group reduced their target price on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Barclays increased their price target on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an "underweight" rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a "sector perform" rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Walgreens Boots Alliance currently has an average rating of "Hold" and an average target price of $13.04.

Walgreens Boots Alliance Price Performance

NASDAQ:WBA traded up $0.29 during trading hours on Wednesday, reaching $12.53. 24,060,334 shares of the company were exchanged, compared to its average volume of 32,566,070. The company has a market capitalization of $10.82 billion, a P/E ratio of -1.25, a P/E/G ratio of 1.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.37. The business has a 50 day moving average of $9.36 and a 200 day moving average of $9.81. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $23.76.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.13. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. The company had revenue of $39.50 billion for the quarter, compared to analysts' expectations of $37.40 billion. During the same quarter last year, the business earned $0.66 earnings per share. Walgreens Boots Alliance's revenue was up 7.6% on a year-over-year basis. Research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.53 EPS for the current year.

Walgreens Boots Alliance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date was Monday, November 18th. Walgreens Boots Alliance's dividend payout ratio (DPR) is presently -9.77%.

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.