San Luis Wealth Advisors LLC Acquires Shares of 88,359 Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

San Luis Wealth Advisors LLC bought a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the fourth quarter, HoldingsChannel reports. The firm bought 88,359 shares of the pharmacy operator’s stock, valued at approximately $824,000.

Several other large investors also recently modified their holdings of WBA. SeaCrest Wealth Management LLC purchased a new stake in Walgreens Boots Alliance in the fourth quarter worth $323,000. First Financial Corp IN lifted its position in shares of Walgreens Boots Alliance by 49.2% in the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock worth $25,000 after purchasing an additional 885 shares during the period. Elevated Capital Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 8.9% during the 4th quarter. Elevated Capital Advisors LLC now owns 58,395 shares of the pharmacy operator’s stock valued at $545,000 after purchasing an additional 4,790 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of Walgreens Boots Alliance by 17.6% during the fourth quarter. Moody National Bank Trust Division now owns 32,026 shares of the pharmacy operator’s stock valued at $299,000 after buying an additional 4,782 shares during the period. Finally, Czech National Bank grew its holdings in shares of Walgreens Boots Alliance by 6.6% during the 4th quarter. Czech National Bank now owns 155,625 shares of the pharmacy operator’s stock worth $1,452,000 after acquiring an additional 9,663 shares during the period. 58.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on WBA shares. Evercore ISI boosted their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an “in-line” rating in a research report on Monday. UBS Group increased their target price on Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. TD Cowen lowered their price target on Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Royal Bank of Canada cut their price objective on shares of Walgreens Boots Alliance from $13.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 4th. Finally, Barclays lifted their target price on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Walgreens Boots Alliance currently has a consensus rating of “Hold” and an average target price of $12.81.

Walgreens Boots Alliance Trading Up 2.9 %

Shares of Walgreens Boots Alliance stock opened at $12.24 on Wednesday. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $23.76. The company’s fifty day simple moving average is $9.36 and its 200-day simple moving average is $9.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.37. The stock has a market capitalization of $10.57 billion, a PE ratio of -1.22, a P/E/G ratio of 1.36 and a beta of 0.64.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.13. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. The business had revenue of $39.50 billion during the quarter, compared to analyst estimates of $37.40 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.53 earnings per share for the current year.

Walgreens Boots Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 8.17%. Walgreens Boots Alliance’s dividend payout ratio is presently -9.77%.

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.