Axxcess Wealth Management LLC Grows Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Axxcess Wealth Management LLC increased its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,000 shares of the pharmacy operator’s stock after purchasing an additional 3,000 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Walgreens Boots Alliance were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Highlander Capital Management LLC purchased a new position in Walgreens Boots Alliance in the fourth quarter valued at about $26,000. Pineridge Advisors LLC purchased a new position in Walgreens Boots Alliance in the fourth quarter valued at about $26,000. Venturi Wealth Management LLC boosted its stake in 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 valued at $28,000 after acquiring an additional 981 shares during the last quarter. Rocky Mountain Advisers LLC purchased a new position in Walgreens Boots Alliance in the fourth quarter valued at about $30,000. Finally, Quest Partners LLC purchased a new position in Walgreens Boots Alliance in the fourth quarter valued at about $30,000. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WBA shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their target price on shares of Walgreens Boots Alliance from $30.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. UBS Group decreased their price target on shares of Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Barclays cut their price objective on shares of Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, July 23rd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $11.00 price objective (down previously from $22.00) on shares of Walgreens Boots Alliance in a research note on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of “Hold” and an average price target of $16.86.

Walgreens Boots Alliance Stock Up 2.7 %

Shares of NASDAQ WBA opened at $11.82 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Walgreens Boots Alliance, Inc. has a 12 month low of $10.69 and a 12 month high of $31.32. The firm has a market capitalization of $10.20 billion, a PE ratio of -1.75, a price-to-earnings-growth ratio of 0.83 and a beta of 0.72. The firm has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $18.16.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05). The company had revenue of $36.40 billion during the quarter, compared to the consensus estimate of $35.94 billion. Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 earnings per share. Equities analysts expect that Walgreens Boots Alliance, Inc. will post 2.87 earnings per share for the current year.

Walgreens Boots Alliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Wednesday, August 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 8.46%. Walgreens Boots Alliance’s payout ratio is -14.84%.

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.