Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 63.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,550 shares of the pharmacy operator’s stock after selling 119,300 shares during the period. Hennessy Advisors Inc.’s holdings in Walgreens Boots Alliance were worth $649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN boosted its stake in Walgreens Boots Alliance by 49.2% during the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock valued at $25,000 after buying an additional 885 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Walgreens Boots Alliance by 8,670.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after purchasing an additional 3,208 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Walgreens Boots Alliance in the 3rd quarter worth approximately $30,000. Eastern Bank bought a new stake in shares of Walgreens Boots Alliance in the 3rd quarter worth approximately $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Walgreens Boots Alliance during the second quarter valued at approximately $34,000. 58.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on WBA shares. Barclays upped their price target on Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Wednesday, October 16th. Morgan Stanley cut their target price on Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Jefferies Financial Group decreased their price target on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. TD Cowen cut their price objective on Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Truist Financial raised their target price on shares of Walgreens Boots Alliance from $10.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.27.

Walgreens Boots Alliance Trading Down 3.2 %

NASDAQ WBA opened at $12.52 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 0.67. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $23.76. The firm’s fifty day simple moving average is $9.57 and its 200-day simple moving average is $9.86. The company has a market capitalization of $10.81 billion, a PE ratio of -1.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.13. The company had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. As a group, sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.52 earnings per share for the current fiscal year.

Walgreens Boots Alliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.99%. The ex-dividend date was Monday, November 18th. Walgreens Boots Alliance’s dividend payout ratio is -9.77%.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.