Dimensional Fund Advisors LP Sells 558,043 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) (2024)

Dimensional Fund Advisors LP decreased its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,345,074 shares of the pharmacy operator’s stock after selling 558,043 shares during the period. Dimensional Fund Advisors LP owned approximately 0.39% of Walgreens Boots Alliance worth $87,364,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Walgreens Boots Alliance by 308.4% during the third quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the pharmacy operator’s stock worth $25,000 after purchasing an additional 845 shares during the last quarter. Highlander Capital Management LLC purchased a new position in shares of Walgreens Boots Alliance in the fourth quarter worth about $26,000. Venturi Wealth Management LLC increased its holdings in shares of Walgreens Boots Alliance by 1,241.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,060 shares of the pharmacy operator’s stock worth $28,000 after buying an additional 981 shares during the period. Rocky Mountain Advisers LLC purchased a new position in shares of Walgreens Boots Alliance in the fourth quarter worth about $30,000. Finally, Tyler Stone Wealth Management increased its holdings in shares of Walgreens Boots Alliance by 1,280.0% in the third quarter. Tyler Stone Wealth Management now owns 1,380 shares of the pharmacy operator’s stock worth $31,000 after buying an additional 1,280 shares during the period. Institutional investors own 58.59% of the company’s stock.

Analysts Set New Price Targets

WBA has been the topic of several analyst reports. UBS Group decreased their price objective on Walgreens Boots Alliance from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, April 3rd. SVB Leerink reduced their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, March 18th. Bank of America reduced their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Finally, Raymond James restated a “market perform” rating on shares of Walgreens Boots Alliance in a report on Tuesday, March 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walgreens Boots Alliance has an average rating of “Hold” and an average target price of $24.36.

Walgreens Boots Alliance Price Performance

Walgreens Boots Alliance stock opened at $15.95 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.66 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $18.56 and its two-hundred day simple moving average is $21.20. Walgreens Boots Alliance, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $32.89.

Walgreens Boots Alliance (NASDAQ:WBA – Get Free Report) last issued its quarterly earnings results on Thursday, March 28th. The pharmacy operator reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.38. Walgreens Boots Alliance had a positive return on equity of 12.11% and a negative net margin of 4.18%. The firm had revenue of $37.05 billion for the quarter, compared to analysts’ expectations of $35.86 billion. During the same period in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Walgreens Boots Alliance, Inc. will post 3.23 earnings per share for the current year.

Walgreens Boots Alliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 21st will be given a $0.25 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.27%. Walgreens Boots Alliance’s dividend payout ratio is currently -14.29%.

Insider Transactions at Walgreens Boots Alliance

In other Walgreens Boots Alliance news, Director Inderpal S. Bhandari acquired 3,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were acquired at an average cost of $18.05 per share, with a total value of $54,150.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $54,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walgreens Boots Alliance news, CFO Manmohan Mahajan acquired 6,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $3,235,859.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Inderpal S. Bhandari acquired 3,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was acquired at an average cost of $18.05 per share, for a total transaction of $54,150.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, 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

(Free Report)

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.