13,803 Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC purchased a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the 3rd quarter, Holdings Channel reports. The firm purchased 13,803 shares of the pharmacy operator’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Scientech Research LLC acquired a new stake in shares of Walgreens Boots Alliance in the second quarter valued at about $1,215,000. Forsta AP Fonden grew its stake in Walgreens Boots Alliance by 83.4% in the third quarter. Forsta AP Fonden now owns 385,600 shares of the pharmacy operator’s stock valued at $3,455,000 after purchasing an additional 175,400 shares in the last quarter. Ariel Investments LLC increased its position in shares of Walgreens Boots Alliance by 10.8% during the 2nd quarter. Ariel Investments LLC now owns 2,038,878 shares of the pharmacy operator’s stock worth $24,660,000 after purchasing an additional 198,891 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Walgreens Boots Alliance during the 3rd quarter worth approximately $795,000. Finally, Clifford Capital Partners LLC boosted its holdings in shares of Walgreens Boots Alliance by 58.4% in the 2nd quarter. Clifford Capital Partners LLC now owns 803,204 shares of the pharmacy operator’s stock valued at $9,715,000 after buying an additional 296,135 shares during the last quarter. 58.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

WBA has been the topic of several analyst reports. UBS Group upped their price target on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Evercore ISI upped their target price on shares of Walgreens Boots Alliance from $7.50 to $10.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Bank of America reduced their price target 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. Truist Financial dropped their price objective on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating on the stock in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. decreased their target price on Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.88.

Walgreens Boots Alliance Stock Up 2.4 %

Shares of NASDAQ:WBA opened at $9.46 on Friday. Walgreens Boots Alliance, Inc. has a 52-week low of $8.22 and a 52-week high of $27.05. The company has a fifty day moving average of $9.22 and a 200-day moving average of $12.57. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 0.67.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The business had revenue of $37.50 billion during the quarter, compared to analyst estimates of $35.75 billion. During the same quarter last year, the business earned $0.67 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Walgreens Boots Alliance, Inc. will post 1.54 EPS for the current year.

Walgreens Boots Alliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.57%. The ex-dividend date is Monday, November 18th. Walgreens Boots Alliance’s dividend payout ratio is currently -9.99%.

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.