Brooklyn Investment Group Takes $35,000 Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Brooklyn Investment Group purchased a new position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,927 shares of the pharmacy operator’s stock, valued at approximately $35,000.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of Walgreens Boots Alliance by 13.0% in the 1st quarter. Janus Henderson Group PLC now owns 115,332 shares of the pharmacy operator’s stock worth $2,500,000 after acquiring an additional 13,304 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Walgreens Boots Alliance by 28.9% in the 1st quarter. Tidal Investments LLC now owns 87,253 shares of the pharmacy operator’s stock worth $1,878,000 after acquiring an additional 19,557 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Walgreens Boots Alliance in the 1st quarter worth about $492,000. Swedbank AB bought a new position in shares of Walgreens Boots Alliance in the 1st quarter worth about $16,365,000. Finally, Cetera Investment Advisers increased its stake in shares of Walgreens Boots Alliance by 89.8% in the 1st quarter. Cetera Investment Advisers now owns 349,464 shares of the pharmacy operator’s stock worth $7,580,000 after acquiring an additional 165,389 shares in the last quarter. Institutional investors own 58.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America decreased their price target on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating for the company in a research note on Wednesday, September 4th. Truist Financial reduced their price objective on shares of Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research note on Monday, October 7th. Morgan Stanley reduced their price objective on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, October 11th. TD Cowen reduced their price objective on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Barclays raised their price objective on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.88.

Walgreens Boots Alliance Trading Down 0.4 %

WBA stock opened at $9.02 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. Walgreens Boots Alliance, Inc. has a twelve month low of $8.08 and a twelve month high of $27.05. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of -0.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The firm’s fifty day simple moving average is $9.14 and its two-hundred day simple moving average is $11.30.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The business had revenue of $37.50 billion for the quarter, compared to analysts’ expectations of $35.75 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.53 earnings per share for the current year.

Walgreens Boots Alliance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.09%. The ex-dividend date is Monday, November 18th. Walgreens Boots Alliance’s dividend payout ratio is currently -9.99%.

Walgreens Boots Alliance Company Profile

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.