Private Trust Co. NA Increases Stock Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Private Trust Co. NA raised its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,461 shares of the pharmacy operator’s stock after buying an additional 963 shares during the quarter. Private Trust Co. NA’s holdings in Walgreens Boots Alliance were worth $647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in Walgreens Boots Alliance in the fourth quarter valued at about $27,000. Outfitter Financial LLC acquired a new position in Walgreens Boots Alliance in the fourth quarter valued at about $31,000. City State Bank acquired a new position in Walgreens Boots Alliance in the fourth quarter valued at about $30,000. Iron Horse Wealth Management LLC lifted its position in Walgreens Boots Alliance by 56.0% in the first quarter. Iron Horse Wealth Management LLC now owns 635 shares of the pharmacy operator’s stock valued at $28,000 after buying an additional 228 shares during the last quarter. Finally, West Bancorporation Inc. acquired a new position in Walgreens Boots Alliance in the fourth quarter valued at about $34,000. 57.02% of the stock is currently owned by institutional investors.

WBA has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on shares of Walgreens Boots Alliance from $52.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Friday, April 1st. Truist Financial reduced their price target on shares of Walgreens Boots Alliance from $58.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, April 1st. TheStreet cut shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Monday, May 2nd. Cowen reduced their price target on shares of Walgreens Boots Alliance from $55.00 to $50.00 in a research report on Tuesday, April 12th. Finally, Barclays reduced their price target on shares of Walgreens Boots Alliance from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.77.

In other Walgreens Boots Alliance news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $150.00, for a total value of $900,000,000.00. Following the transaction, the insider now directly owns 52,854,867 shares in the company, valued at $7,928,230,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.40% of the company’s stock.

WBA stock opened at $40.45 on Thursday. The company’s 50 day moving average price is $43.00 and its 200 day moving average price is $46.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.35 and a current ratio of 0.74. Walgreens Boots Alliance, Inc. has a fifty-two week low of $39.14 and a fifty-two week high of $55.00. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 1.55 and a beta of 0.55.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last released its earnings results on Thursday, March 31st. The pharmacy operator reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The firm had revenue of $33.76 billion for the quarter, compared to analyst estimates of $33.33 billion. Walgreens Boots Alliance had a net margin of 4.62% and a return on equity of 19.15%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share. Equities analysts forecast that Walgreens Boots Alliance, Inc. will post 5.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 20th were paid a $0.4775 dividend. The ex-dividend date was Thursday, May 19th. This represents a $1.91 annualized dividend and a yield of 4.72%. Walgreens Boots Alliance’s dividend payout ratio is currently 26.34%.

Walgreens Boots Alliance Company Profile (Get Rating)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

Featured Articles

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating).

Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.