Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lowered its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,991 shares of the pharmacy operator’s stock after selling 2,065 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Walgreens Boots Alliance were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WBA. First Financial Corp IN grew its holdings in Walgreens Boots Alliance by 49.2% during the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock worth $25,000 after acquiring an additional 885 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Walgreens Boots Alliance in the second quarter worth about $34,000. TD Private Client Wealth LLC grew its stake in Walgreens Boots Alliance by 8,670.3% in the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock worth $29,000 after purchasing an additional 3,208 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Walgreens Boots Alliance during the third quarter valued at approximately $30,000. Finally, Eastern Bank bought a new position in Walgreens Boots Alliance during the 3rd quarter worth approximately $33,000. Institutional investors own 58.59% of the company’s stock.

Wall Street Analysts Forecast Growth

WBA has been the topic of several research reports. UBS Group upped their price target on Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Bank of America raised their price target on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a research report on Monday, January 13th. TD Cowen lowered 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 report on Tuesday, October 22nd. Truist Financial raised their target price on shares of Walgreens Boots Alliance from $10.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Barclays upped their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Walgreens Boots Alliance has an average rating of “Hold” and an average price target of $13.27.

Walgreens Boots Alliance Stock Down 3.2 %

WBA opened at $12.52 on Monday. The business has a 50 day moving average price of $9.57 and a two-hundred day moving average price of $9.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.37 and a current ratio of 0.68. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $23.76.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share 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 analysts’ expectations of $37.40 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.52 earnings per share for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, November 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.99%. The ex-dividend date was Monday, November 18th. Walgreens Boots Alliance’s dividend payout ratio is presently -9.77%.

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.