Cohen Capital Management Inc. Cuts Holdings in Walgreens Boots Alliance Inc (WBA)
Cohen Capital Management Inc. lowered its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,132 shares of the pharmacy operator’s stock after selling 3,428 shares during the period. Walgreens Boots Alliance comprises 1.2% of Cohen Capital Management Inc.’s portfolio, making the stock its 29th largest holding. Cohen Capital Management Inc.’s holdings in Walgreens Boots Alliance were worth $5,186,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlueMountain Capital Management LLC acquired a new position in Walgreens Boots Alliance during the second quarter worth approximately $103,000. CSat Investment Advisory L.P. acquired a new position in Walgreens Boots Alliance during the second quarter worth approximately $104,000. Squar Milner Financial Services LLC acquired a new position in Walgreens Boots Alliance during the second quarter worth approximately $106,000. Asset Dedication LLC increased its position in Walgreens Boots Alliance by 204.6% during the third quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock worth $115,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Kaizen Advisory LLC increased its position in Walgreens Boots Alliance by 128.6% during the second quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock worth $116,000 after purchasing an additional 1,083 shares during the last quarter. Institutional investors own 64.29% of the company’s stock.
Several brokerages recently commented on WBA. Barclays upped their price target on shares of Walgreens Boots Alliance from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, October 12th. BidaskClub raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Citigroup boosted their price objective on shares of Walgreens Boots Alliance from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, September 25th. Finally, Robert W. Baird boosted their price objective on shares of Walgreens Boots Alliance from $64.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $78.22.
Shares of WBA stock opened at $79.79 on Wednesday. The firm has a market capitalization of $78.33 billion, a PE ratio of 13.25, a PEG ratio of 1.31 and a beta of 0.74. The company has a quick ratio of 0.38, a current ratio of 0.82 and a debt-to-equity ratio of 0.47. Walgreens Boots Alliance Inc has a twelve month low of $59.07 and a twelve month high of $83.18.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.03. The business had revenue of $33.44 billion during the quarter, compared to the consensus estimate of $33.64 billion. Walgreens Boots Alliance had a net margin of 3.82% and a return on equity of 21.75%. On average, research analysts predict that Walgreens Boots Alliance Inc will post 6.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 dividend on an annualized basis and a yield of 2.21%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 29.24%.
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About Walgreens Boots Alliance
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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