First Hawaiian Bank trimmed its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Free Report) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,440 shares of the pharmacy operator’s stock after selling 490 shares during the period. First Hawaiian Bank’s holdings in Walgreens Boots Alliance were worth $212,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Walgreens Boots Alliance by 4.6% during the 1st quarter. BlackRock Inc. now owns 63,406,129 shares of the pharmacy operator’s stock valued at $2,192,584,000 after acquiring an additional 2,797,885 shares during the last quarter. Geode Capital Management LLC increased its holdings in Walgreens Boots Alliance by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 13,401,774 shares of the pharmacy operator’s stock valued at $499,756,000 after purchasing an additional 98,144 shares during the last quarter. Morgan Stanley lifted its stake in Walgreens Boots Alliance by 10.7% in the fourth quarter. Morgan Stanley now owns 11,974,220 shares of the pharmacy operator’s stock valued at $447,357,000 after buying an additional 1,155,331 shares during the period. Federated Hermes Inc. boosted its holdings in Walgreens Boots Alliance by 39.4% during the first quarter. Federated Hermes Inc. now owns 8,702,899 shares of the pharmacy operator’s stock worth $300,946,000 after buying an additional 2,459,416 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Walgreens Boots Alliance by 84,503.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,325,830 shares of the pharmacy operator’s stock worth $311,053,000 after buying an additional 8,315,989 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Walgreens Boots Alliance from $40.00 to $35.00 in a research report on Wednesday, June 28th. Barclays cut their target price on shares of Walgreens Boots Alliance from $38.00 to $32.00 in a report on Wednesday, June 28th. Royal Bank of Canada decreased their price target on shares of Walgreens Boots Alliance from $36.00 to $29.00 in a report on Thursday, June 29th. Truist Financial reaffirmed a “hold” rating and set a $30.00 price objective on shares of Walgreens Boots Alliance in a research note on Tuesday, September 5th. Finally, Deutsche Bank Aktiengesellschaft cut Walgreens Boots Alliance from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $34.00 in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Walgreens Boots Alliance presently has a consensus rating of “Hold” and a consensus target price of $36.23.
Walgreens Boots Alliance Trading Down 1.0 %
NASDAQ:WBA opened at $22.19 on Tuesday. The company has a market cap of $19.16 billion, a P/E ratio of -5.78, a price-to-earnings-growth ratio of 1.17 and a beta of 0.69. Walgreens Boots Alliance, Inc. has a twelve month low of $21.39 and a twelve month high of $42.29. The business has a 50 day moving average price of $27.33 and a two-hundred day moving average price of $30.80. 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 – Get Free Report) last announced its quarterly earnings data on Tuesday, June 27th. The pharmacy operator reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.07). The business had revenue of $35.42 billion during the quarter, compared to the consensus estimate of $34.32 billion. Walgreens Boots Alliance had a positive return on equity of 12.62% and a negative net margin of 2.44%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. As a group, analysts expect that Walgreens Boots Alliance, Inc. will post 4 EPS for the current fiscal year.
Walgreens Boots Alliance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend was Friday, August 18th. Walgreens Boots Alliance’s payout ratio is -50.00%.
Insider Activity at Walgreens Boots Alliance
In related news, EVP John Patrick Driscoll purchased 5,172 shares of Walgreens Boots Alliance stock in a transaction that occurred on Friday, June 30th. The stock was purchased at an average cost of $28.42 per share, with a total value of $146,988.24. Following the completion of the transaction, the executive vice president now owns 59,050 shares of the company’s stock, valued at approximately $1,678,201. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 17.50% of the stock is owned by company insiders.
About Walgreens Boots Alliance
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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