Paradigm Financial Advisors LLC Trims Stock Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Paradigm Financial Advisors LLC lowered its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,553 shares of the pharmacy operator’s stock after selling 5,125 shares during the period. Paradigm Financial Advisors LLC’s holdings in Walgreens Boots Alliance were worth $394,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Outfitter Financial LLC purchased a new stake in Walgreens Boots Alliance in the 4th quarter worth approximately $31,000. West Bancorporation Inc. purchased a new stake in shares of Walgreens Boots Alliance in the fourth quarter worth $34,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Walgreens Boots Alliance by 146.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 682 shares of the pharmacy operator’s stock valued at $36,000 after buying an additional 405 shares during the period. AGF Investments LLC bought a new stake in Walgreens Boots Alliance during the fourth quarter valued at $38,000. Finally, Total Clarity Wealth Management Inc. grew its position in Walgreens Boots Alliance by 79,200.0% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 793 shares of the pharmacy operator’s stock worth $41,000 after buying an additional 792 shares in the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $150.00, for a total transaction of $900,000,000.00. Following the transaction, the insider now directly owns 52,854,867 shares of the company’s stock, valued at $7,928,230,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 17.40% of the stock is owned by company insiders.

Several brokerages have recently commented on WBA. StockNews.com raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Friday. TheStreet cut shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research note on Monday, May 2nd. Robert W. Baird lowered shares of Walgreens Boots Alliance from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $51.00 in a report on Friday, April 1st. Cowen dropped their price objective on shares of Walgreens Boots Alliance from $55.00 to $50.00 in a report on Tuesday, April 12th. Finally, Royal Bank of Canada reduced their target price on Walgreens Boots Alliance from $52.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Friday, April 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $50.71.

WBA stock traded up $0.39 during midday trading on Friday, hitting $43.55. The company had a trading volume of 5,781,469 shares, compared to its average volume of 6,802,335. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 2.36 and a beta of 0.55. Walgreens Boots Alliance, Inc. has a 52 week low of $41.80 and a 52 week high of $55.96. The company has a current ratio of 0.74, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $45.47 and its 200 day moving average price is $47.94.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last posted its quarterly earnings results on Thursday, March 31st. The pharmacy operator reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.20. The company had revenue of $33.76 billion during the quarter, compared to analyst estimates of $33.33 billion. Walgreens Boots Alliance had a net margin of 4.62% and a return on equity of 19.15%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Analysts predict that Walgreens Boots Alliance, Inc. will post 5.05 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 20th will be issued a dividend of $0.4775 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.39%. Walgreens Boots Alliance’s dividend payout ratio is currently 26.34%.

Walgreens Boots Alliance Company Profile (Get Rating)

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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