Janney Montgomery Scott LLC Sells 245,709 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Janney Montgomery Scott LLC reduced its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBAFree Report) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,813 shares of the pharmacy operator’s stock after selling 245,709 shares during the period. Janney Montgomery Scott LLC’s holdings in Walgreens Boots Alliance were worth $5,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WBA. Fulton Bank N.A. grew its holdings in shares of Walgreens Boots Alliance by 0.5% in the fourth quarter. Fulton Bank N.A. now owns 107,071 shares of the pharmacy operator’s stock worth $2,796,000 after purchasing an additional 523 shares during the last quarter. Insight Folios Inc grew its holdings in shares of Walgreens Boots Alliance by 5.8% in the fourth quarter. Insight Folios Inc now owns 9,640 shares of the pharmacy operator’s stock worth $252,000 after purchasing an additional 525 shares during the last quarter. Atlas Brown Inc. grew its holdings in shares of Walgreens Boots Alliance by 1.8% in the first quarter. Atlas Brown Inc. now owns 31,593 shares of the pharmacy operator’s stock worth $685,000 after purchasing an additional 550 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Walgreens Boots Alliance by 4.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 11,866 shares of the pharmacy operator’s stock worth $310,000 after purchasing an additional 555 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of Walgreens Boots Alliance by 10.1% in the fourth quarter. Westpac Banking Corp now owns 6,100 shares of the pharmacy operator’s stock worth $159,000 after purchasing an additional 560 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Walgreens Boots Alliance from $30.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. SVB Leerink lowered their price objective on Walgreens Boots Alliance from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Monday, March 18th. Raymond James reissued a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Tuesday, March 26th. Royal Bank of Canada lowered their price objective on Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 2nd. Finally, Truist Financial lowered their price objective on Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.71.

View Our Latest Analysis on Walgreens Boots Alliance

Insider Buying and Selling

In other news, Director Inderpal S. Bhandari purchased 3,000 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was acquired at an average cost of $18.05 per share, for a total transaction of $54,150.00. Following the purchase, the director now directly owns 3,000 shares in the company, valued at approximately $54,150. 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.

Walgreens Boots Alliance Price Performance

NASDAQ WBA opened at $10.79 on Wednesday. Walgreens Boots Alliance, Inc. has a one year low of $10.69 and a one year high of $31.32. The stock has a 50-day moving average of $15.56 and a 200 day moving average of $19.43. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of -1.60, a PEG ratio of 0.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.65.

Walgreens Boots Alliance (NASDAQ:WBAGet Free Report) last released its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05). Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. The business had revenue of $36.40 billion during the quarter, compared to the consensus estimate of $35.94 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. Walgreens Boots Alliance’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 2.87 EPS for the current year.

Walgreens Boots Alliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st were issued a $0.25 dividend. The ex-dividend date was Monday, May 20th. This represents a $1.00 annualized dividend and a yield of 9.27%. Walgreens Boots Alliance’s payout ratio is -14.84%.

Walgreens Boots Alliance Profile

(Free Report)

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.

Further Reading

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

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