NEXT Financial Group Inc cut its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 13.8% during the fourth quarter, Holdings Channel reports. The firm owned 10,328 shares of the pharmacy operator’s stock after selling 1,652 shares during the quarter. NEXT Financial Group Inc’s holdings in Walgreens Boots Alliance were worth $750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hudock Capital Group LLC raised its holdings in shares of Walgreens Boots Alliance by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the last quarter. Northern Capital Management LLC raised its holdings in shares of Walgreens Boots Alliance by 0.4% in the second quarter. Northern Capital Management LLC now owns 6,635 shares of the pharmacy operator’s stock valued at $520,000 after purchasing an additional 25 shares during the last quarter. MAI Capital Management raised its holdings in shares of Walgreens Boots Alliance by 0.6% in the second quarter. MAI Capital Management now owns 5,272 shares of the pharmacy operator’s stock valued at $413,000 after purchasing an additional 34 shares during the last quarter. Truepoint Inc. raised its holdings in shares of Walgreens Boots Alliance by 0.5% in the second quarter. Truepoint Inc. now owns 8,614 shares of the pharmacy operator’s stock valued at $698,000 after purchasing an additional 39 shares during the last quarter. Finally, Girard Partners LTD. raised its holdings in shares of Walgreens Boots Alliance by 1.9% in the second quarter. Girard Partners LTD. now owns 3,053 shares of the pharmacy operator’s stock valued at $239,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 61.20% of the company’s stock.

A number of research firms have recently issued reports on WBA. Needham & Company LLC lowered their price objective on shares of Walgreens Boots Alliance to $86.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Jefferies Group set a $93.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Sunday, October 29th. Pivotal Research set a $73.00 price objective on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a report on Friday, January 5th. Vetr upgraded shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Finally, BidaskClub upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $86.20.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the completion of the transaction, the director now directly owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stefano Pessina acquired 98,858 shares of Walgreens Boots Alliance stock in a transaction on Monday, January 15th. The shares were bought at an average cost of $76.07 per share, with a total value of $7,520,128.06. The disclosure for this purchase can be found here. Insiders own 14.80% of the company’s stock.

Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $76.47 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. Walgreens Boots Alliance Inc has a fifty-two week low of $63.82 and a fifty-two week high of $88.00. The firm has a market cap of $75,730.00, a price-to-earnings ratio of 21.12, a P/E/G ratio of 1.28 and a beta of 1.22.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The firm had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. analysts anticipate that Walgreens Boots Alliance Inc will post 5.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 44.20%.

Walgreens Boots Alliance announced that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the pharmacy operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

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

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