HRS Investment Holdings LLC cut its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 52.9% during the 4th quarter, HoldingsChannel reports. The firm owned 20,000 shares of the pharmacy operator’s stock after selling 22,500 shares during the quarter. HRS Investment Holdings LLC’s holdings in Walgreens Boots Alliance were worth $1,367,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WBA. Massey Quick Simon & CO. LLC purchased a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at about $27,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at about $29,000. Cornerstone Advisors Inc. lifted its position in shares of Walgreens Boots Alliance by 102.4% in the third quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock valued at $31,000 after acquiring an additional 214 shares in the last quarter. PRW Wealth Management LLC purchased a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at about $34,000. Finally, Brand Asset Management Group Inc. lifted its position in shares of Walgreens Boots Alliance by 40.7% in the fourth quarter. Brand Asset Management Group Inc. now owns 692 shares of the pharmacy operator’s stock valued at $47,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Shares of WBA stock opened at $62.63 on Friday. Walgreens Boots Alliance Inc has a 12-month low of $59.07 and a 12-month high of $86.31. The company has a current ratio of 0.80, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $59.09 billion, a PE ratio of 10.40, a PEG ratio of 1.00 and a beta of 0.88.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.03. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. The firm had revenue of $33.79 billion for the quarter, compared to analysts’ expectations of $33.90 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts predict that Walgreens Boots Alliance Inc will post 6.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, February 15th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.76 annualized dividend and a yield of 2.81%. Walgreens Boots Alliance’s payout ratio is currently 29.24%.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Loop Capital set a $82.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Thursday, December 20th. UBS Group assumed coverage on Walgreens Boots Alliance in a research report on Thursday, January 17th. They issued a “sell” rating and a $70.00 price objective on the stock. Finally, Robert W. Baird lowered their price objective on Walgreens Boots Alliance from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, March 1st. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $77.94.

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

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