National Asset Management Inc. Has $728,000 Stock Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

National Asset Management Inc. cut its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) by 7.3% during the first quarter, HoldingsChannel reports. The fund owned 16,249 shares of the pharmacy operator’s stock after selling 1,278 shares during the quarter. National Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $728,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tectonic Advisors LLC increased its stake in shares of Walgreens Boots Alliance by 19.8% in the fourth quarter. Tectonic Advisors LLC now owns 5,142 shares of the pharmacy operator’s stock worth $268,000 after acquiring an additional 849 shares during the last quarter. Frontier Wealth Management LLC increased its position in Walgreens Boots Alliance by 9.3% during the fourth quarter. Frontier Wealth Management LLC now owns 24,854 shares of the pharmacy operator’s stock worth $1,296,000 after buying an additional 2,122 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Walgreens Boots Alliance during the fourth quarter worth $990,000. Carret Asset Management LLC increased its position in Walgreens Boots Alliance by 10.3% during the first quarter. Carret Asset Management LLC now owns 5,371 shares of the pharmacy operator’s stock worth $240,000 after buying an additional 501 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Walgreens Boots Alliance by 42.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 69,986 shares of the pharmacy operator’s stock worth $3,651,000 after buying an additional 20,909 shares during the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WBA has been the topic of several analyst reports. Barclays lowered their target price on shares of Walgreens Boots Alliance from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, June 24th. Royal Bank of Canada lowered their target price on shares of Walgreens Boots Alliance from $46.00 to $42.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Walgreens Boots Alliance from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, July 1st. Credit Suisse Group lowered their target price on shares of Walgreens Boots Alliance from $52.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, July 1st. Finally, Truist Financial decreased their price target on shares of Walgreens Boots Alliance from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.25.

Walgreens Boots Alliance Stock Up 0.2 %

NASDAQ WBA opened at $38.75 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.43 and a current ratio of 0.78. The firm has a 50-day simple moving average of $40.47 and a 200 day simple moving average of $44.94. Walgreens Boots Alliance, Inc. has a twelve month low of $36.57 and a twelve month high of $55.00. The stock has a market cap of $33.49 billion, a PE ratio of 6.25, a PEG ratio of 1.54 and a beta of 0.60.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last released its earnings results on Thursday, June 30th. The pharmacy operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.01. Walgreens Boots Alliance had a net margin of 4.00% and a return on equity of 16.20%. The business had revenue of $32.60 billion during the quarter, compared to analysts’ expectations of $32.23 billion. During the same quarter last year, the company earned $1.51 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. On average, research analysts forecast that Walgreens Boots Alliance, Inc. will post 5.02 EPS for the current year.

Walgreens Boots Alliance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Thursday, August 18th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.48. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 30.81%.

Insider Activity at Walgreens Boots Alliance

In related news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 52,854,867 shares in the company, valued at $7,928,230,050. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 17.40% of the stock is owned by corporate insiders.

About Walgreens Boots Alliance

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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.

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

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