Tiemann Investment Advisors LLC grew its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,553 shares of the pharmacy operator’s stock after acquiring an additional 363 shares during the quarter. Walgreens Boots Alliance comprises about 1.1% of Tiemann Investment Advisors LLC’s portfolio, making the stock its 24th largest position. Tiemann Investment Advisors LLC’s holdings in Walgreens Boots Alliance were worth $1,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Colony Group LLC increased its stake in Walgreens Boots Alliance by 2.3% in the 4th quarter. Colony Group LLC now owns 6,142 shares of the pharmacy operator’s stock worth $420,000 after buying an additional 141 shares during the period. Covington Capital Management increased its stake in Walgreens Boots Alliance by 11.1% in the 4th quarter. Covington Capital Management now owns 1,500 shares of the pharmacy operator’s stock worth $102,000 after buying an additional 150 shares during the period. Barnett & Company Inc. increased its stake in Walgreens Boots Alliance by 11.1% in the 4th quarter. Barnett & Company Inc. now owns 1,501 shares of the pharmacy operator’s stock worth $103,000 after buying an additional 150 shares during the period. Mission Wealth Management LP increased its stake in Walgreens Boots Alliance by 5.9% in the 4th quarter. Mission Wealth Management LP now owns 3,124 shares of the pharmacy operator’s stock worth $213,000 after buying an additional 175 shares during the period. Finally, Beacon Investment Advisory Services Inc. increased its stake in Walgreens Boots Alliance by 3.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 5,668 shares of the pharmacy operator’s stock worth $387,000 after buying an additional 175 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on the stock. Pivotal Research dropped their target price on shares of Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, April 3rd. UBS Group dropped their target price on shares of Walgreens Boots Alliance from $60.00 to $49.00 and set a “sell” rating on the stock in a report on Wednesday, April 3rd. BidaskClub upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Thursday, May 30th. Bank of America dropped their target price on shares of Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Finally, Cowen reiterated a “hold” rating and set a $66.00 target price on shares of Walgreens Boots Alliance in a report on Sunday, March 31st. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Walgreens Boots Alliance has an average rating of “Hold” and a consensus target price of $64.89.

Shares of NASDAQ:WBA traded down $0.43 during trading on Friday, reaching $52.46. The stock had a trading volume of 1,514,696 shares, compared to its average volume of 4,438,551. Walgreens Boots Alliance Inc has a one year low of $49.31 and a one year high of $86.31. The stock has a market capitalization of $48.24 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.06). Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The firm had revenue of $34.53 billion during the quarter, compared to the consensus estimate of $34.57 billion. During the same quarter in the prior year, the business posted $1.73 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts forecast that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Monday, May 20th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

In related news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 435,811 shares of the company’s stock, valued at approximately $23,119,773.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Ornella Barra acquired 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was bought at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the transaction, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The disclosure for this purchase can be found here. 15.73% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “Walgreens Boots Alliance Inc (NASDAQ:WBA) Stake Raised by Tiemann Investment Advisors LLC” was first published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/walgreens-boots-alliance-inc-nasdaqwba-stake-raised-by-tiemann-investment-advisors-llc/3041720.html.

Walgreens Boots Alliance Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Featured Article: What is the Book Value of a Share?

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

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

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.