HB Wealth Management LLC Has $241,000 Stock Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

HB Wealth Management LLC lifted its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 68.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,892 shares of the pharmacy operator’s stock after acquiring an additional 8,048 shares during the period. HB Wealth Management LLC’s holdings in Walgreens Boots Alliance were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital World Investors boosted its holdings in Walgreens Boots Alliance by 57.5% in the 1st quarter. Capital World Investors now owns 29,061,021 shares of the pharmacy operator’s stock valued at $630,334,000 after purchasing an additional 10,612,373 shares during the period. Norges Bank bought a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at approximately $29,816,000. Swedbank AB acquired a new stake in Walgreens Boots Alliance during the first quarter worth approximately $16,365,000. Minneapolis Portfolio Management Group LLC bought a new position in Walgreens Boots Alliance during the 1st quarter worth $13,710,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Walgreens Boots Alliance by 10.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,519,845 shares of the pharmacy operator’s stock valued at $170,233,000 after acquiring an additional 613,847 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America reissued an “underperform” rating and set a $11.00 target price (down from $22.00) on shares of Walgreens Boots Alliance in a report on Friday, June 28th. Barclays decreased their target price on shares of Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, July 23rd. TD Cowen cut their price target on shares of Walgreens Boots Alliance from $35.00 to $22.00 and set a “buy” rating for the company in a report on Monday, July 1st. Evercore ISI decreased their price objective on shares of Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. cut their target price on Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Four investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.46.

Walgreens Boots Alliance Stock Performance

NASDAQ WBA opened at $9.25 on Friday. The company has a market cap of $7.99 billion, a price-to-earnings ratio of -1.37, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72. Walgreens Boots Alliance, Inc. has a twelve month low of $9.03 and a twelve month high of $27.05. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average is $11.43 and its 200 day moving average is $16.18.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05). The firm had revenue of $36.40 billion during the quarter, compared to the consensus estimate of $35.94 billion. Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. Walgreens Boots Alliance’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. As a group, sell-side analysts expect that Walgreens Boots Alliance, Inc. will post 2.87 EPS for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.81%. The ex-dividend date of this dividend is Wednesday, August 21st. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently -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.