Patriot Financial Group Insurance Agency LLC Has $218,000 Position in Walgreens Boots Alliance Inc (WBA)

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Patriot Financial Group Insurance Agency LLC lifted its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 276.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,195 shares of the pharmacy operator’s stock after acquiring an additional 2,347 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Walgreens Boots Alliance were worth $218,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Focused Wealth Management Inc increased its stake in Walgreens Boots Alliance by 10.1% during the 4th quarter. Focused Wealth Management Inc now owns 1,651 shares of the pharmacy operator’s stock worth $113,000 after purchasing an additional 151 shares in the last quarter. Northside Capital Management LLC grew its stake in shares of Walgreens Boots Alliance by 2.3% during the 4th quarter. Northside Capital Management LLC now owns 8,335 shares of the pharmacy operator’s stock worth $570,000 after acquiring an additional 184 shares in the last quarter. Taylor Cottrill Erickson & Associates Inc. grew its stake in shares of Walgreens Boots Alliance by 4.0% during the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 4,807 shares of the pharmacy operator’s stock worth $328,000 after acquiring an additional 184 shares in the last quarter. First Bank & Trust grew its stake in shares of Walgreens Boots Alliance by 5.9% during the 4th quarter. First Bank & Trust now owns 3,410 shares of the pharmacy operator’s stock worth $233,000 after acquiring an additional 189 shares in the last quarter. Finally, Brand Asset Management Group Inc. grew its stake in shares of Walgreens Boots Alliance by 40.7% during the 4th quarter. Brand Asset Management Group Inc. now owns 692 shares of the pharmacy operator’s stock worth $47,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 66.57% of the company’s stock.

WBA has been the subject of several research reports. Pivotal Research raised their price target on shares of Walgreens Boots Alliance from $60.00 to $72.00 and gave the stock a “hold” rating in a research note on Monday, October 15th. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Morgan Stanley raised their target price on shares of Walgreens Boots Alliance from $55.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, December 3rd. Goldman Sachs Group cut shares of Walgreens Boots Alliance from a “neutral” rating to a “sell” rating in a research note on Friday, December 14th. Finally, BidaskClub cut shares of Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 18th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $78.83.

In related news, Director Nancy M. Schlichting sold 7,050 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $78.81, for a total value of $555,610.50. Following the completion of the transaction, the director now owns 5,709 shares of the company’s stock, valued at $449,926.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.73% of the stock is owned by insiders.

WBA stock opened at $70.47 on Tuesday. The stock has a market capitalization of $66.30 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.10 and a beta of 0.98. Walgreens Boots Alliance Inc has a 52 week low of $59.07 and a 52 week high of $86.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.80 and a quick ratio of 0.36.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. The business had revenue of $33.79 billion during the quarter, compared to the consensus estimate of $33.90 billion. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. Walgreens Boots Alliance’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. On average, sell-side analysts predict that Walgreens Boots Alliance Inc will post 6.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Friday, February 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, February 14th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.

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Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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

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