Dimensional Fund Advisors LP Has $30.04 Million Stock Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Dimensional Fund Advisors LP lessened its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 29.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,483,556 shares of the pharmacy operator’s stock after selling 1,022,015 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Walgreens Boots Alliance were worth $30,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC increased its holdings in Walgreens Boots Alliance by 162.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,100 shares of the pharmacy operator’s stock worth $25,000 after purchasing an additional 1,300 shares in the last quarter. Pineridge Advisors LLC bought a new position in shares of Walgreens Boots Alliance during the fourth quarter worth about $26,000. Blue Trust Inc. raised its position in Walgreens Boots Alliance by 87.0% in the 2nd quarter. Blue Trust Inc. now owns 2,324 shares of the pharmacy operator’s stock valued at $28,000 after buying an additional 1,081 shares during the last quarter. Continuum Advisory LLC lifted its stake in Walgreens Boots Alliance by 71.2% in the 2nd quarter. Continuum Advisory LLC now owns 2,453 shares of the pharmacy operator’s stock valued at $30,000 after acquiring an additional 1,020 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Walgreens Boots Alliance by 282.1% during the 4th quarter. 1832 Asset Management L.P. now owns 1,219 shares of the pharmacy operator’s stock worth $32,000 after acquiring an additional 900 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on WBA shares. TD Cowen reduced their price target on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Bank of America cut their price objective on Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating for the company in a report on Wednesday, September 4th. Evercore ISI lowered their target price on shares of Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating on the stock in a report on Friday, June 28th. Morgan Stanley cut their price target 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. Finally, Truist Financial lowered their price objective on shares of Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.73.

Walgreens Boots Alliance Stock Performance

Shares of NASDAQ WBA opened at $8.70 on Wednesday. Walgreens Boots Alliance, Inc. has a one year low of $8.22 and a one year high of $27.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.31. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of -1.29, a P/E/G ratio of 1.03 and a beta of 0.70. The stock’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $14.07.

Walgreens Boots Alliance Dividend Announcement

The firm also recently disclosed 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 11.49%. The ex-dividend date of this dividend was Wednesday, August 21st. Walgreens Boots Alliance’s dividend payout ratio (DPR) is -14.84%.

About Walgreens Boots Alliance

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.