Tredje AP fonden increased its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 19.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,986 shares of the pharmacy operator’s stock after buying an additional 9,221 shares during the period. Tredje AP fonden’s holdings in Walgreens Boots Alliance were worth $2,146,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Private Ocean LLC bought a new stake in shares of Walgreens Boots Alliance in the first quarter valued at $25,000. Islay Capital Management LLC purchased a new stake in Walgreens Boots Alliance in the 4th quarter worth about $29,000. Americana Partners LLC purchased a new stake in Walgreens Boots Alliance in the 4th quarter worth about $29,000. Pearl River Capital LLC bought a new stake in Walgreens Boots Alliance in the 1st quarter valued at about $35,000. Finally, Bray Capital Advisors purchased a new stake in Walgreens Boots Alliance during the first quarter valued at about $37,000. 58.03% of the stock is currently owned by institutional investors and hedge funds.
WBA has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Walgreens Boots Alliance from $62.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, April 3rd. Wells Fargo & Co reiterated a “hold” rating on shares of Walgreens Boots Alliance in a research note on Thursday, April 2nd. Credit Suisse Group lowered their target price on shares of Walgreens Boots Alliance from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, April 3rd. UBS Group raised Walgreens Boots Alliance from a “sell” rating to a “neutral” rating and cut their price target for the stock from $49.00 to $44.00 in a report on Monday, April 6th. Finally, BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Friday, May 15th. Four analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.21.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, April 2nd. The pharmacy operator reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.06. The firm had revenue of $35.82 billion for the quarter, compared to analysts’ expectations of $35.24 billion. Walgreens Boots Alliance had a return on equity of 21.26% and a net margin of 2.52%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. On average, analysts expect that Walgreens Boots Alliance Inc will post 5.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Wednesday, May 20th will be given a $0.4575 dividend. This represents a $1.83 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Tuesday, May 19th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 30.55%.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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