RMB Capital Management LLC Buys 7,579 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

RMB Capital Management LLC boosted its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) by 26.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,896 shares of the pharmacy operator’s stock after acquiring an additional 7,579 shares during the quarter. RMB Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $1,607,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC grew its position in shares of Walgreens Boots Alliance by 56.0% in the first quarter. Iron Horse Wealth Management LLC now owns 635 shares of the pharmacy operator’s stock valued at $28,000 after purchasing an additional 228 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Walgreens Boots Alliance by 45.2% in the first quarter. Rise Advisors LLC now owns 742 shares of the pharmacy operator’s stock worth $33,000 after buying an additional 231 shares in the last quarter. North Star Asset Management Inc. boosted its position in shares of Walgreens Boots Alliance by 2.2% in the first quarter. North Star Asset Management Inc. now owns 10,998 shares of the pharmacy operator’s stock valued at $492,000 after acquiring an additional 235 shares during the period. Paragon Capital Management Ltd grew its stake in Walgreens Boots Alliance by 4.3% during the first quarter. Paragon Capital Management Ltd now owns 5,673 shares of the pharmacy operator’s stock valued at $254,000 after acquiring an additional 236 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Walgreens Boots Alliance by 0.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 88,778 shares of the pharmacy operator’s stock valued at $4,631,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Walgreens Boots Alliance Stock Up 0.0 %

Shares of NASDAQ:WBA opened at $38.99 on Friday. The stock has a market capitalization of $33.70 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.56 and a beta of 0.60. The stock’s 50-day moving average price is $39.92 and its 200-day moving average price is $44.14. The company has a current ratio of 0.78, a quick ratio of 0.43 and a debt-to-equity ratio of 0.35. Walgreens Boots Alliance, Inc. has a 12-month low of $36.57 and a 12-month high of $55.00.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last posted its quarterly earnings results on Thursday, June 30th. The pharmacy operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.01. Walgreens Boots Alliance had a return on equity of 16.20% and a net margin of 4.00%. The business had revenue of $32.60 billion for the quarter, compared to analyst estimates of $32.23 billion. During the same period last year, the company earned $1.51 EPS. Walgreens Boots Alliance’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Walgreens Boots Alliance, Inc. will post 5.02 earnings per share for the current year.

Walgreens Boots Alliance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Thursday, August 18th. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.48. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 30.81%.

Analyst Ratings Changes

Several brokerages have commented on WBA. Barclays cut their price target on shares of Walgreens Boots Alliance from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, June 24th. StockNews.com cut Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Cowen cut their price objective on Walgreens Boots Alliance from $55.00 to $50.00 in a report on Tuesday, April 12th. Credit Suisse Group lowered their target price on shares of Walgreens Boots Alliance from $52.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. Finally, Cowen decreased their price target on shares of Walgreens Boots Alliance to $49.00 in a report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.25.

Insider Buying and Selling at Walgreens Boots Alliance

In other news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $150.00, for a total transaction of $900,000,000.00. Following the completion of the sale, the insider now directly owns 52,854,867 shares in the company, valued at $7,928,230,050. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 17.40% of the company’s stock.

Walgreens Boots Alliance Company Profile

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Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

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

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