Retirement Planning Co of New England Inc. Invests $186,000 in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Retirement Planning Co of New England Inc. acquired a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,570 shares of the pharmacy operator’s stock, valued at approximately $186,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System boosted its position in shares of Walgreens Boots Alliance by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 91,000 shares of the pharmacy operator’s stock worth $4,746,000 after buying an additional 1,600 shares during the period. Tectonic Advisors LLC boosted its position in shares of Walgreens Boots Alliance by 19.8% during the fourth quarter. Tectonic Advisors LLC now owns 5,142 shares of the pharmacy operator’s stock worth $268,000 after buying an additional 849 shares during the period. Frontier Wealth Management LLC boosted its position in shares of Walgreens Boots Alliance by 9.3% during the fourth quarter. Frontier Wealth Management LLC now owns 24,854 shares of the pharmacy operator’s stock worth $1,296,000 after buying an additional 2,122 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter worth approximately $990,000. Finally, NorthCoast Asset Management LLC boosted its position in shares of Walgreens Boots Alliance by 54.7% during the third quarter. NorthCoast Asset Management LLC now owns 65,486 shares of the pharmacy operator’s stock worth $3,083,000 after buying an additional 23,158 shares during the period. Institutional investors and hedge funds own 56.05% of the company’s stock.

Several equities analysts have recently issued reports on WBA shares. Royal Bank of Canada reduced their price objective on Walgreens Boots Alliance from $52.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, April 1st. TheStreet downgraded Walgreens Boots Alliance from a “b” rating to a “c+” rating in a research report on Monday, April 4th. StockNews.com downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. UBS Group cut their target price on Walgreens Boots Alliance from $52.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 5th. Finally, Barclays cut their target price on Walgreens Boots Alliance from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, April 1st. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, Walgreens Boots Alliance has an average rating of “Hold” and an average price target of $50.71.

NASDAQ:WBA opened at $42.40 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.74 and a debt-to-equity ratio of 0.36. Walgreens Boots Alliance, Inc. has a 1-year low of $42.34 and a 1-year high of $55.96. The firm has a market capitalization of $36.62 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The stock has a fifty day simple moving average of $46.00 and a 200 day simple moving average of $48.29.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last released its quarterly earnings results on Thursday, March 31st. The pharmacy operator reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.19. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 4.62%. The business had revenue of $33.76 billion during the quarter, compared to analyst estimates of $33.33 billion. During the same quarter last year, the company posted $1.40 EPS. Walgreens Boots Alliance’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts predict that Walgreens Boots Alliance, Inc. will post 5.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 20th will be given a $0.4775 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.50%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 26.34%.

Walgreens Boots Alliance Company Profile (Get Rating)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

Read More

Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.