The Walgreens Boots Alliance Inc. (WBA) to Issue $0.38 Quarterly Dividend

The Walgreens Boots Alliance Inc. (WBA) to Issue $0.38 Quarterly Dividend

Walgreens Boots Alliance Inc. (NASDAQ:WBA) declared a quarterly dividend on Thursday, October 13th. Shareholders of record on Thursday, November 17th will be paid a dividend of 0.375 per share by the pharmacy operator on Monday, December 12th. This represents a $1.50 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, November 15th.

Walgreens Boots Alliance (NASDAQ:WBA) opened at 78.20 on Friday. Walgreens Boots Alliance has a one year low of $71.50 and a one year high of $95.74. The firm’s 50 day moving average price is $80.88 and its 200 day moving average price is $81.08. The stock has a market cap of $84.64 billion, a price-to-earnings ratio of 27.02 and a beta of 1.01.

In related news, EVP Kathleen Wilson-Thompson sold 23,996 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $85.00, for a total transaction of $2,039,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Foote sold 2,067 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $81.35, for a total transaction of $168,150.45. Following the sale, the director now directly owns 26,690 shares of the company’s stock, valued at $2,171,231.50. The disclosure for this sale can be found here. 21.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Banced Corp raised its stake in Walgreens Boots Alliance by 3.3% in the second quarter. Banced Corp now owns 6,220 shares of the pharmacy operator’s stock valued at $517,000 after buying an additional 200 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Walgreens Boots Alliance by 2.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 146,430 shares of the pharmacy operator’s stock valued at $12,194,000 after buying an additional 3,800 shares in the last quarter. Advisor Partners LLC raised its stake in Walgreens Boots Alliance by 4.2% in the second quarter. Advisor Partners LLC now owns 12,740 shares of the pharmacy operator’s stock valued at $1,061,000 after buying an additional 514 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Walgreens Boots Alliance during the second quarter valued at approximately $2,649,000. Finally, Employees Retirement System of Texas raised its stake in Walgreens Boots Alliance by 11.7% in the second quarter. Employees Retirement System of Texas now owns 85,600 shares of the pharmacy operator’s stock valued at $7,128,000 after buying an additional 9,000 shares in the last quarter. 59.74% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on WBA shares. Zacks Investment Research lowered shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Robert W. Baird restated an “outperform” rating and set a $95.00 target price on shares of Walgreens Boots Alliance in a report on Tuesday, October 4th. Bank of America Corp. restated a “buy” rating and set a $94.00 target price on shares of Walgreens Boots Alliance in a report on Tuesday, August 30th. Deutsche Bank AG lifted their target price on shares of Walgreens Boots Alliance from $93.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, August 30th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating on shares of Walgreens Boots Alliance in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. Walgreens Boots Alliance presently has an average rating of “Buy” and a consensus target price of $93.07.

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