Walgreens Boots Alliance Inc (WBA) Position Boosted by Teacher Retirement System of Texas
Teacher Retirement System of Texas lifted its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 41.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 981,326 shares of the pharmacy operator’s stock after buying an additional 288,490 shares during the period. Teacher Retirement System of Texas’ holdings in Walgreens Boots Alliance were worth $62,088,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CSat Investment Advisory L.P. raised its stake in Walgreens Boots Alliance by 12.1% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,920 shares of the pharmacy operator’s stock worth $131,000 after purchasing an additional 208 shares during the period. Pathlight Investors LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter worth $524,000. Roman Butler Fullerton & Co. increased its position in shares of Walgreens Boots Alliance by 28.8% in the first quarter. Roman Butler Fullerton & Co. now owns 22,127 shares of the pharmacy operator’s stock worth $1,400,000 after acquiring an additional 4,942 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter worth $963,000. Finally, Tiemann Investment Advisors LLC increased its position in shares of Walgreens Boots Alliance by 2.7% in the fourth quarter. Tiemann Investment Advisors LLC now owns 22,190 shares of the pharmacy operator’s stock worth $1,516,000 after acquiring an additional 586 shares in the last quarter. 64.77% of the stock is currently owned by institutional investors and hedge funds.
WBA has been the subject of several recent research reports. BidaskClub lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. UBS Group dropped their price objective on shares of Walgreens Boots Alliance from $70.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, March 4th. Morgan Stanley set a $61.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a research report on Tuesday. Cowen reissued a “hold” rating and issued a $66.00 price objective on shares of Walgreens Boots Alliance in a research report on Sunday, March 31st. Finally, Barclays dropped their price objective on shares of Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 3rd. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.00.
Walgreens Boots Alliance stock opened at $53.16 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78. Walgreens Boots Alliance Inc has a 1 year low of $51.79 and a 1 year high of $86.31. The stock has a market capitalization of $47.65 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.06 and a beta of 0.77.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The business had revenue of $34.53 billion during the quarter, compared to the consensus estimate of $34.57 billion. During the same quarter in the previous year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts expect that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Monday, May 20th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.31%. Walgreens Boots Alliance’s payout ratio is currently 29.24%.
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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