Investment Management Corp of Ontario Purchases 8,000 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Investment Management Corp of Ontario raised its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 48.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,392 shares of the pharmacy operator’s stock after acquiring an additional 8,000 shares during the period. Investment Management Corp of Ontario’s holdings in Walgreens Boots Alliance were worth $219,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Iron Horse Wealth Management LLC grew its holdings in shares of 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 valued at $25,000 after purchasing an additional 1,300 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Walgreens Boots Alliance by 87.0% during the second 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 increased its holdings in shares of Walgreens Boots Alliance by 71.2% in the second quarter. Continuum Advisory LLC now owns 2,453 shares of the pharmacy operator’s stock worth $30,000 after buying an additional 1,020 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Walgreens Boots Alliance in the 3rd quarter valued at about $30,000. Finally, Eastern Bank purchased a new stake in Walgreens Boots Alliance during the 3rd quarter valued at about $33,000. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WBA has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Bank of America dropped their price target on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating for the company in a research report on Wednesday, September 4th. Barclays raised their target price 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. Truist Financial lowered their price target on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Monday, October 7th. Finally, UBS Group lifted their price objective on Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.58.

Walgreens Boots Alliance Trading Up 1.1 %

NASDAQ:WBA opened at $8.56 on Monday. The firm has a market capitalization of $7.40 billion, a P/E ratio of -0.86, a PEG ratio of 1.12 and a beta of 0.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.68 and a quick ratio of 0.37. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $27.05. The company’s 50-day simple moving average is $9.16 and its 200 day simple moving average is $10.89.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $37.50 billion for the quarter, compared to the consensus estimate of $35.75 billion. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. As a group, analysts forecast that Walgreens Boots Alliance, Inc. will post 1.53 EPS for the current fiscal year.

Walgreens Boots Alliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, November 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.68%. The ex-dividend date of this dividend is Monday, November 18th. Walgreens Boots Alliance’s dividend payout ratio is presently -9.99%.

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.