United Fire Group Inc. continued to hold its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the first quarter, Holdings Channel reports. The firm owned 10,000 shares of the pharmacy operator’s stock at the end of the first quarter. United Fire Group Inc.’s holdings in Walgreens Boots Alliance were worth $831,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of WBA. Coldstream Capital Management Inc. increased its position in shares of Walgreens Boots Alliance by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,127 shares of the pharmacy operator’s stock valued at $1,914,000 after buying an additional 1,211 shares during the last quarter. Honkamp Krueger Financial Services Inc. ADV bought a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at $731,000. Prudential PLC increased its position in shares of Walgreens Boots Alliance by 5.9% in the fourth quarter. Prudential PLC now owns 894,582 shares of the pharmacy operator’s stock valued at $74,036,000 after buying an additional 50,100 shares during the last quarter. Abbrea Capital LLC bought a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at $1,634,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Walgreens Boots Alliance by 4.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 208,520 shares of the pharmacy operator’s stock valued at $17,259,000 after buying an additional 9,698 shares during the last quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.
Walgreens Boots Alliance, Inc. (WBA) opened at 76.34 on Friday. The firm has a 50-day moving average price of $82.60 and a 200 day moving average price of $83.69. Walgreens Boots Alliance, Inc. has a 12 month low of $75.18 and a 12 month high of $88.00. The stock has a market capitalization of $82.52 billion, a PE ratio of 19.62 and a beta of 1.20.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Wednesday, April 5th. The pharmacy operator reported $1.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.36. The business had revenue of $29.45 billion for the quarter, compared to analyst estimates of $30.17 billion. Walgreens Boots Alliance had a return on equity of 16.86% and a net margin of 3.66%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 earnings per share. Equities analysts anticipate that Walgreens Boots Alliance, Inc. will post $4.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Thursday, May 18th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, May 16th. Walgreens Boots Alliance’s dividend payout ratio is presently 38.36%.
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WBA has been the subject of several analyst reports. Deutsche Bank AG restated a “buy” rating and set a $92.00 price target on shares of Walgreens Boots Alliance in a report on Wednesday, March 22nd. Jefferies Group LLC restated a “buy” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a report on Friday, March 31st. Leerink Swann set a $90.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a report on Tuesday, April 11th. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, April 6th. Finally, Zacks Investment Research upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Walgreens Boots Alliance has an average rating of “Hold” and an average price target of $90.62.
In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $85.89, for a total value of $234,995.04. Following the transaction, the director now directly owns 21,887 shares of the company’s stock, valued at $1,879,874.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.50% of the stock is currently owned by corporate insiders.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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