Nomura Asset Management Co. Ltd. raised its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 21.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,444 shares of the pharmacy operator’s stock after purchasing an additional 51,215 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Walgreens Boots Alliance were worth $13,059,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Ocean LLC bought a new position in Walgreens Boots Alliance during the first quarter worth about $25,000. Islay Capital Management LLC bought a new stake in Walgreens Boots Alliance during the fourth quarter valued at $29,000. Americana Partners LLC acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at about $29,000. Pearl River Capital LLC acquired a new position in shares of Walgreens Boots Alliance during the first quarter valued at about $35,000. Finally, Bray Capital Advisors acquired a new stake in shares of Walgreens Boots Alliance in the 1st quarter worth about $37,000. 57.23% of the stock is currently owned by hedge funds and other institutional investors.
WBA has been the subject of several analyst reports. Credit Suisse Group decreased their price objective on shares of Walgreens Boots Alliance from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, April 3rd. TheStreet downgraded shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a report on Tuesday, February 25th. UBS Group raised shares of Walgreens Boots Alliance from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $49.00 to $44.00 in a report on Monday, April 6th. Cowen cut their price objective on shares of Walgreens Boots Alliance from $54.00 to $48.00 and set a “market perform” rating for the company in a report on Tuesday, May 19th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Walgreens Boots Alliance in a research note on Thursday, April 2nd. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Walgreens Boots Alliance has an average rating of “Hold” and a consensus price target of $50.23.
Shares of WBA traded down $2.97 during mid-day trading on Thursday, hitting $41.31. 4,596,153 shares of the company traded hands, compared to its average volume of 7,112,583. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.32 and a current ratio of 0.66. The stock has a 50-day moving average price of $42.12 and a two-hundred day moving average price of $49.67. Walgreens Boots Alliance Inc has a 1 year low of $36.65 and a 1 year high of $64.50. The stock has a market cap of $39.72 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 2.11 and a beta of 0.55.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, April 2nd. The pharmacy operator reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.06. Walgreens Boots Alliance had a net margin of 2.52% and a return on equity of 21.26%. The firm had revenue of $35.82 billion during the quarter, compared to analysts’ expectations of $35.24 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that Walgreens Boots Alliance Inc will post 5.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.4575 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.83 dividend on an annualized basis and a yield of 4.43%. Walgreens Boots Alliance’s dividend payout ratio is currently 30.55%.
Walgreens Boots Alliance Profile
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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