Legacy Financial Advisors Inc. Makes New $385,000 Investment in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Legacy Financial Advisors Inc. acquired a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the second quarter, HoldingsChannel reports. The institutional investor acquired 31,861 shares of the pharmacy operator’s stock, valued at approximately $385,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors grew its position in Walgreens Boots Alliance by 57.5% in the first quarter. Capital World Investors now owns 29,061,021 shares of the pharmacy operator’s stock valued at $630,334,000 after acquiring an additional 10,612,373 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Walgreens Boots Alliance by 98.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,021,126 shares of the pharmacy operator’s stock worth $72,826,000 after purchasing an additional 2,992,648 shares in the last quarter. Newport Trust Company LLC acquired a new stake in shares of Walgreens Boots Alliance during the 2nd quarter worth about $31,028,000. Norges Bank bought a new position in Walgreens Boots Alliance during the 4th quarter valued at about $29,816,000. Finally, Swedbank AB acquired a new position in Walgreens Boots Alliance in the first quarter valued at about $16,365,000. 58.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WBA shares. Morgan Stanley cut their target price on shares of Walgreens Boots Alliance from $13.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, June 28th. Bank of America reduced their price objective on Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating on the stock in a research note on Wednesday, September 4th. Truist Financial lowered their target price on Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, June 28th. TD Cowen cut their price target on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.73.

Walgreens Boots Alliance Stock Performance

WBA stock opened at $8.71 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. Walgreens Boots Alliance, Inc. has a twelve month low of $8.46 and a twelve month high of $27.05. The business’s fifty day moving average is $10.29 and its 200-day moving average is $14.72. The company has a market cap of $7.52 billion, a P/E ratio of -1.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.70.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.05). The company had revenue of $36.40 billion during the quarter, compared to analyst estimates of $35.94 billion. Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. Equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 2.86 EPS for the current year.

Walgreens Boots Alliance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.48%. The ex-dividend date was Wednesday, August 21st. Walgreens Boots Alliance’s payout ratio is presently -14.84%.

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.