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Koshinski Asset Management Inc. increases position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)


Koshinski Asset Management Inc. increased its position in Walgreens Boots Alliance, Inc. (NASDAQ: WBAGet a rating) by 1.4% in the 2nd quarter, the company reported in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,588 shares of the pharmacy operator’s stock after buying an additional 312 shares during the period. At the end of the last reporting period, shares of Koshinski Asset Management Inc. at Walgreens Boots Alliance were worth $856,000.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in Walgreens Boot Alliance during the fourth quarter worth about $27,000. Iron Horse Wealth Management LLC raised its stake in Walgreens Boots Alliance by 56.0% in the first quarter. Iron Horse Wealth Management LLC now owns 635 shares of the pharmacy operator’s stock worth $28,000 after buying an additional 228 shares in the last quarter. GoalVest Advisory LLC raised its stake in Walgreens Boots Alliance by 10,828.6% in the second quarter. GoalVest Advisory LLC now owns 765 shares of the pharmacy operator’s stock worth $29,000 after buying an additional 758 shares in the last quarter. City State Bank acquired a new position in shares of Walgreens Boot Alliance during the fourth quarter worth about $30,000. Finally, Tompkins Financial Corp raised its stake in shares of Walgreens Boots Alliance by 215.7% during the first quarter. Tompkins Financial Corp now owns 947 shares of the pharmacy operator’s stock valued at $42,000 after buying an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 57.33% of the company’s shares.

Walgreens Boots Alliance shares fell 1.6%

NASDAQ WBA opened at $33.43 on Thursday. The company has a debt-to-equity ratio of 0.35, a gearing ratio of 0.43, and a current ratio of 0.78. The company has a market cap of $28.89 billion, a P/E ratio of 5.39, a P/E/G ratio of 1.47 and a beta of 0.62. Walgreens Boots Alliance, Inc. has a 1-year low of $33.43 and a 1-year high of $55.00. The stock’s 50-day moving average is $37.51, and its 200-day moving average is $41.37.

Walgreens Boots Alliance (NASDAQ: WBAGet a rating) last published its earnings results on Thursday, June 30th. The pharmacy operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. The company had revenue of $32.60 billion for the quarter, compared to the consensus estimate of $32.23 billion. Walgreens Boots Alliance had a return on equity of 16.20% and a net margin of 4.00%. The company’s quarterly revenue decreased by 4.2% compared to the same quarter last year. During the same period of the previous year, the company earned $1.51 per share. Overall, equities analysts predict that Walgreens Boots Alliance, Inc. will post 5.02 EPS in the current fiscal year.

Walgreens Boots Alliance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were given a dividend of $0.48 per share. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.48. This amounts to $1.92 in annualized dividends and a dividend yield of 5.74%. The ex-dividend date was Thursday, August 18th. Walgreens Boots Alliance’s dividend payout ratio is currently 30.97%.

Changes in analysts’ ratings

Several analysts have recently commented on the stock. Credit Suisse Group cut their price objective on shares of Walgreens Boots Alliance from $52.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. Cowen cut their price target on Walgreens Boots Alliance to $49.00 in a research report on Thursday, June 9th. Morgan Stanley reduced their price target on shares of Walgreens Boot Alliance from $43.00 to $39.00 and set an “underweight” rating for the company in a research report on Wednesday, July 6th. Royal Bank of Canada cut their price target on Walgreens Boots Alliance from $46.00 to $42.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 5th. finally StockNews.com Walgreens Boots Alliance raised a “hold” rating to a “buy” rating in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.25, according to MarketBeat.com.

Walgreens Boots Alliance Company Profile

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Walgreens Boots Alliance, Inc. operates as a health and beauty retail pharmacy company. It operates through two segments, United States and International. The United States segment sells prescription drugs and a range of retail products, including health, wellness, beauty, personal care, consumables and general merchandise through its retail pharmacies.

Further reading

Want to see what other hedge funds hold WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance, Inc. (NASDAQ: WBAGet a rating).

Institutional Ownership of Walgreens Boots Alliance (NASDAQ:WBA) by Quarter



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https://www.defenseworld.net/2022/09/22/koshinski-asset-management-inc-increases-stock-position-in-walgreens-boots-alliance-inc-nasdaqwba.html Koshinski Asset Management Inc. increases position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

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