Capital Impact Advisors LLC decreased its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Get Rating) by 24.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,715 shares of the pharmacy operator’s stock after selling 2,232 shares during the period. Capital Impact Advisors LLC’s holdings in Walgreens Boots Alliance were worth $211,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Sage Private Wealth Group LLC bought a new stake in shares of Walgreens Boots Alliance during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in Walgreens Boots Alliance by 289.4% during the third quarter. EverSource Wealth Advisors LLC now owns 915 shares of the pharmacy operator’s stock worth $29,000 after acquiring an additional 680 shares in the last quarter. Bank of New Hampshire grew its holdings in Walgreens Boots Alliance by 56.4% in the third quarter. Bank of New Hampshire now owns 960 shares of the pharmacy operator’s stock worth $30,000 after purchasing an additional 346 shares during the period. Blume Capital Management Inc. increased its stake in shares of Walgreens Boots Alliance by 35.7% during the third quarter. Blume Capital Management Inc. now owns 950 shares of the pharmacy operator’s stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. Finally, Ten Capital Wealth Advisors LLC lifted its holdings in shares of Walgreens Boots Alliance by 431.1% during the third quarter. Ten Capital Wealth Advisors LLC now owns 1,179 shares of the pharmacy operator’s stock valued at $37,000 after purchasing an additional 957 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.
Wall Street Analyst Weigh In
WBA has been the subject of a number of recent research reports. Mizuho lifted their price objective on Walgreens Boots Alliance from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, December 14th. Cowen raised Walgreens Boots Alliance from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $54.00 in a research report on Tuesday, November 22nd. Loop Capital began coverage on shares of Walgreens Boots Alliance in a research report on Wednesday, February 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Truist Financial dropped their target price on shares of Walgreens Boots Alliance from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, January 19th. Finally, Morgan Stanley reduced their price target on shares of Walgreens Boots Alliance from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Monday, January 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Walgreens Boots Alliance currently has an average rating of “Hold” and an average price target of $43.43.
Walgreens Boots Alliance Stock Up 0.8 %
Walgreens Boots Alliance (NASDAQ:WBA – Get Rating) last announced its quarterly earnings data on Thursday, January 5th. The pharmacy operator reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Walgreens Boots Alliance had a negative net margin of 2.24% and a positive return on equity of 13.57%. The firm had revenue of $33.38 billion during the quarter, compared to analysts’ expectations of $33.04 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect that Walgreens Boots Alliance, Inc. will post 4.5 earnings per share for the current fiscal year.
Walgreens Boots Alliance Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Thursday, February 16th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Wednesday, February 15th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is -55.81%.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc engages in the provision of healthcare and retail pharmacy services. It operates through the following segments: United States Retail Pharmacy, International, and United States Healthcare. The US Retail Pharmacy segment includes the operation of retail drugstores, health and wellness services, specialty and home delivery pharmacy services, and equity method investment.
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