Sunbelt Securities Inc. Raises Stock Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Sunbelt Securities Inc. increased its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 82.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,377 shares of the pharmacy operator's stock after buying an additional 63,149 shares during the period. Sunbelt Securities Inc.'s holdings in Walgreens Boots Alliance were worth $1,249,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC boosted 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 acquiring an additional 1,300 shares during the last quarter. 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 last quarter. Continuum Advisory LLC grew its holdings in shares of Walgreens Boots Alliance by 71.2% during the second quarter. Continuum Advisory LLC now owns 2,453 shares of the pharmacy operator's stock worth $30,000 after buying an additional 1,020 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Walgreens Boots Alliance in the second quarter valued at about $34,000. Finally, First Personal Financial Services raised its position in shares of Walgreens Boots Alliance by 83.3% in the second quarter. First Personal Financial Services now owns 3,300 shares of the pharmacy operator's stock valued at $40,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.

Wall Street Analyst Weigh In

WBA has been the subject of several research reports. Truist Financial dropped their price objective on shares of Walgreens Boots Alliance from $13.00 to $10.00 and set a "hold" rating for the company in a research note on Monday, October 7th. Bank of America dropped their price target on 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. Barclays lifted their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 16th. Jefferies Financial Group dropped their target price on Walgreens Boots Alliance from $19.00 to $9.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group raised their target price on Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Four 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.58.

Walgreens Boots Alliance Trading Down 1.1 %

Shares of WBA stock traded down $0.11 during trading hours on Thursday, hitting $9.73. The company had a trading volume of 19,999,170 shares, compared to its average volume of 18,006,055. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $27.05. The company's fifty day moving average is $9.21 and its 200 day moving average is $10.79. The stock has a market capitalization of $8.41 billion, a PE ratio of -0.98, a price-to-earnings-growth ratio of 1.37 and a beta of 0.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.37.

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

Walgreens Boots Alliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 10.28%. Walgreens Boots Alliance's payout ratio is currently -9.99%.

Walgreens Boots Alliance Company 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.