Walgreens Boots Alliance, Inc. (NASDAQ:WBA).
Gateway Investment Advisers LLC reports that it bought 23,457 shares in quarter ending 06/30/2017 increasing its stake in Walgreens Boots Alliance, Inc. (WBA) by 3.6%. Its investment was valued at $52,207,000 a decrease of $1,212,000 according to the filing.
Gateway Investment Advisers LLC isn’t the only one who has changed their investment in WBA. Pennsylvania Trust Co bolstered its position by buying 4,605 shares an increase of 86.0% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co now holds 9,960 shares worth $780,000. The value of the position overall is up by 75.3%. As of quarter end Banced Corp had disposed of a total of 400 shares trimming its stake by 9.5%. The value of the investment in (WBA) decreased from $351,000 to $300,000 a change of $51,000 for the reporting period.
Arvest Bank Trust Division divested its holdings by shedding 50 shares a decrease of 45.0%. Arvest Bank Trust Division owns 61 shares with a value of $5,000. The total value of its holdings decreased 44.4%.
Equity analyst Needham initiated coverage on the stock giving it an initial rating of “Hold”. Wells Fargo began coverage of WBA setting a rating of “Outperform”.
On October 17, 2016 the stock rating was set at “Buy” according to a Jefferies report a boost from the previous “Hold” rating. On October 6, 2016 UBS started coverage with an initial rating of “Buy”.
September 1 investment analysts at Credit Suisse held the stock rating at “Outperform” but raised the price target to $95.00 from $82.50. On July 22 the company was downgraded from “” to “Underperform” in a report from Keefe Bruyette & Woods.
In the market the company is trading up from yesterday’s close of $77.29. Walgreens Boots Alliance, Inc. recently declared a dividend for shareholders paid on Monday the 12th of June 2017. The dividend payment was $0.375 per share for the quarter which comes to $1.50 on an annualized basis. This dividend represents a yeild of $1.94 which is the dividend as a percentage of the current share price. The ex-dividend date was Tuesday the 16th of May 2017.
Shares are trading at $77.63 a bit lower than the 50 day moving average of $80.89 and just below the 200 day moving average of $83.32. The 50 day moving average went down by -3.93% and the 200 day average was down $-5.61.
Walgreens Boots Alliance, Inc.’s P/E ratio is 19.62 and the market cap is 83.16B. In the last earnings report the EPS was $3.96 and is projected to be $5.01 for the current year with 1,070,096,000 shares presently outstanding. Next quarter’s EPS is estimated at $1.25 and the next full year EPS is anticipated to be $5.52.
Investors are more bullish on the company lately as implied by the fall in short interest. The firm had a fall in short interest between June 15, 2017 and May 31, 2017 of -6.26%. Short shares decreased from 10,864,063 to 10,183,921 over that period. Days to cover decreased -0.2 to 2.3 and the percentage of shorted shares was 0.01% on May 31.