Sound Income Strategies LLC Purchases 36,106 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Sound Income Strategies LLC raised its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,476 shares of the pharmacy operator’s stock after purchasing an additional 36,106 shares during the quarter. Sound Income Strategies LLC owned 0.05% of Walgreens Boots Alliance worth $9,424,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fulton Bank N.A. lifted its stake in shares of Walgreens Boots Alliance by 0.5% during the fourth quarter. Fulton Bank N.A. now owns 107,071 shares of the pharmacy operator’s stock worth $2,796,000 after buying an additional 523 shares during the period. Insight Folios Inc grew its stake in Walgreens Boots Alliance by 5.8% during the 4th quarter. Insight Folios Inc now owns 9,640 shares of the pharmacy operator’s stock valued at $252,000 after purchasing an additional 525 shares during the last quarter. Atlas Brown Inc. increased its holdings in shares of Walgreens Boots Alliance by 1.8% in the first quarter. Atlas Brown Inc. now owns 31,593 shares of the pharmacy operator’s stock valued at $685,000 after purchasing an additional 550 shares during the period. Pinnacle Financial Partners Inc raised its stake in shares of Walgreens Boots Alliance by 4.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 11,866 shares of the pharmacy operator’s stock worth $310,000 after purchasing an additional 555 shares during the last quarter. Finally, Westpac Banking Corp lifted its holdings in shares of Walgreens Boots Alliance by 10.1% during the fourth quarter. Westpac Banking Corp now owns 6,100 shares of the pharmacy operator’s stock worth $159,000 after purchasing an additional 560 shares during the period. Institutional investors and hedge funds own 58.59% of the company’s stock.

Walgreens Boots Alliance Price Performance

Shares of WBA stock traded down $0.04 on Wednesday, reaching $15.66. 12,822,142 shares of the company were exchanged, compared to its average volume of 13,099,535. Walgreens Boots Alliance, Inc. has a 1 year low of $14.62 and a 1 year high of $31.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.32 and a current ratio of 0.66. The business has a 50-day moving average price of $16.76 and a 200 day moving average price of $20.36. The company has a market cap of $13.51 billion, a price-to-earnings ratio of -2.24, a P/E/G ratio of 0.98 and a beta of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, March 28th. The pharmacy operator reported $1.20 EPS for the quarter, topping the consensus estimate of $0.82 by $0.38. The company had revenue of $37.05 billion during the quarter, compared to analyst estimates of $35.86 billion. Walgreens Boots Alliance had a positive return on equity of 12.11% and a negative net margin of 4.18%. Walgreens Boots Alliance’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. Equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 3.21 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 Wednesday, June 12th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.00 annualized dividend and a yield of 6.39%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently -14.29%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WBA shares. TD Cowen cut their price target on shares of Walgreens Boots Alliance from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. UBS Group reduced their target price on shares of Walgreens Boots Alliance from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Monday. Truist Financial reaffirmed a “hold” rating and issued a $25.00 price target on shares of Walgreens Boots Alliance in a report on Monday, April 1st. Raymond James reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.07.

Insider Transactions at Walgreens Boots Alliance

In other Walgreens Boots Alliance news, Director Inderpal S. Bhandari acquired 3,000 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was bought at an average price of $18.05 per share, for a total transaction of $54,150.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $54,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Manmohan Mahajan purchased 6,000 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were purchased at an average price of $19.38 per share, with a total value of $116,280.00. Following the transaction, the chief financial officer now owns 166,969 shares in the company, valued at approximately $3,235,859.22. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Inderpal S. Bhandari acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average cost of $18.05 per share, with a total value of $54,150.00. Following the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $54,150. The disclosure for this purchase can be found here. Insiders own 17.40% of the company’s stock.

Walgreens Boots Alliance Profile

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.