Benedict Financial Advisors Inc. Has $2.72 Million Stake in Walgreens Boots Alliance Inc (WBA)
Benedict Financial Advisors Inc. raised its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,812 shares of the pharmacy operator’s stock after acquiring an additional 1,525 shares during the quarter. Walgreens Boots Alliance makes up 1.3% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Benedict Financial Advisors Inc.’s holdings in Walgreens Boots Alliance were worth $2,720,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. We Are One Seven LLC purchased a new stake in shares of Walgreens Boots Alliance in the 3rd quarter valued at about $1,295,000. Sawyer & Company Inc raised its stake in Walgreens Boots Alliance by 129.1% during the 3rd quarter. Sawyer & Company Inc now owns 7,685 shares of the pharmacy operator’s stock valued at $560,000 after acquiring an additional 4,330 shares during the last quarter. Hourglass Capital LLC purchased a new stake in Walgreens Boots Alliance during the 3rd quarter valued at approximately $288,000. Greenleaf Trust raised its stake in Walgreens Boots Alliance by 6.4% during the 3rd quarter. Greenleaf Trust now owns 25,198 shares of the pharmacy operator’s stock valued at $1,837,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in Walgreens Boots Alliance by 0.6% during the 4th quarter. Moody National Bank Trust Division now owns 90,878 shares of the pharmacy operator’s stock valued at $6,209,000 after acquiring an additional 567 shares during the last quarter. 62.93% of the stock is owned by institutional investors and hedge funds.
WBA has been the subject of several analyst reports. Royal Bank of Canada set a $82.00 price objective on Walgreens Boots Alliance and gave the company an “outperform” rating in a research note on Monday, October 8th. JPMorgan Chase & Co. upped their price objective on Walgreens Boots Alliance from $83.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday, October 8th. Loop Capital upped their price objective on Walgreens Boots Alliance from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 12th. SunTrust Banks increased their target price on Walgreens Boots Alliance to $75.00 and gave the stock a “hold” rating in a research note on Friday, October 12th. Finally, ValuEngine raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Walgreens Boots Alliance currently has an average rating of “Hold” and an average target price of $78.83.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $33.79 billion for the quarter, compared to analysts’ expectations of $33.90 billion. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts forecast that Walgreens Boots Alliance Inc will post 6.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Friday, February 15th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, February 14th. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.
In related news, Director Nancy M. Schlichting sold 7,050 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $78.81, for a total value of $555,610.50. Following the sale, the director now owns 5,709 shares in the company, valued at approximately $449,926.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.73% of the company’s stock.
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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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