Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC increased its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,708 shares of the pharmacy operator’s stock after purchasing an additional 794 shares during the period. Level Four Advisory Services LLC’s holdings in Walgreens Boots Alliance were worth $405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WBA. Vontobel Holding Ltd. lifted its stake in shares of Walgreens Boots Alliance by 104.6% during the first quarter. Vontobel Holding Ltd. now owns 36,922 shares of the pharmacy operator’s stock valued at $1,752,000 after buying an additional 18,879 shares during the period. Moors & Cabot Inc. raised its holdings in Walgreens Boots Alliance by 31.1% in the 1st quarter. Moors & Cabot Inc. now owns 20,791 shares of the pharmacy operator’s stock valued at $931,000 after acquiring an additional 4,931 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Walgreens Boots Alliance by 27.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,569 shares of the pharmacy operator’s stock worth $339,000 after purchasing an additional 1,651 shares during the period. Candriam Luxembourg S.C.A. grew its position in shares of Walgreens Boots Alliance by 0.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 63,483 shares of the pharmacy operator’s stock valued at $2,842,000 after purchasing an additional 310 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Walgreens Boots Alliance by 14.2% in the first quarter. Baird Financial Group Inc. now owns 467,533 shares of the pharmacy operator’s stock valued at $20,932,000 after purchasing an additional 58,184 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WBA. Credit Suisse Group lowered their price target on Walgreens Boots Alliance from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, August 24th. Morgan Stanley dropped their price target on shares of Walgreens Boots Alliance from $37.00 to $27.00 and set an “underweight” rating for the company in a research report on Monday, July 3rd. Mizuho reiterated a “neutral” rating and issued a $31.00 price target on shares of Walgreens Boots Alliance in a report on Friday, July 14th. Truist Financial restated a “hold” rating and set a $30.00 price objective on shares of Walgreens Boots Alliance in a report on Tuesday, September 5th. Finally, StockNews.com assumed coverage on Walgreens Boots Alliance in a report on Thursday, August 17th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Walgreens Boots Alliance presently has a consensus rating of “Hold” and a consensus target price of $36.23.

Walgreens Boots Alliance Stock Down 0.3 %

Shares of NASDAQ:WBA opened at $22.42 on Monday. The company has a market capitalization of $19.35 billion, a price-to-earnings ratio of -5.84, a price-to-earnings-growth ratio of 1.17 and a beta of 0.69. The company has a 50 day moving average of $27.33 and a two-hundred day moving average of $30.80. Walgreens Boots Alliance, Inc. has a 52-week low of $21.39 and a 52-week high of $42.29. The company has a quick ratio of 0.32, a current ratio of 0.63 and a debt-to-equity ratio of 0.30.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Tuesday, June 27th. The pharmacy operator reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.07). Walgreens Boots Alliance had a negative net margin of 2.44% and a positive return on equity of 12.62%. The firm had revenue of $35.42 billion for the quarter, compared to analyst estimates of $34.32 billion. During the same period in the previous year, the business posted $0.96 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Walgreens Boots Alliance, Inc. will post 4 earnings per share for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 21st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date of this dividend was Friday, August 18th. Walgreens Boots Alliance’s dividend payout ratio is currently -50.00%.

Insider Buying and Selling at Walgreens Boots Alliance

In other Walgreens Boots Alliance news, EVP John Patrick Driscoll bought 5,172 shares of the business’s stock in a transaction on Friday, June 30th. The shares were bought at an average cost of $28.42 per share, with a total value of $146,988.24. Following the transaction, the executive vice president now directly owns 59,050 shares in the company, valued at approximately $1,678,201. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 17.50% of the stock is owned by insiders.

Walgreens Boots Alliance Profile

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.