American National Insurance Co. TX maintained its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,905 shares of the pharmacy operator’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Walgreens Boots Alliance were worth $8,215,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. RB Capital Management LLC acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at about $261,000. Two Sigma Investments LP increased its stake in shares of Walgreens Boots Alliance by 5.8% in the fourth quarter. Two Sigma Investments LP now owns 36,557 shares of the pharmacy operator’s stock valued at $3,025,000 after buying an additional 1,997 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Walgreens Boots Alliance by 72.9% in the first quarter. Russell Investments Group Ltd. now owns 482,962 shares of the pharmacy operator’s stock valued at $40,115,000 after buying an additional 203,635 shares during the period. PagnatoKarp Partners LLC purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $236,000. Finally, Barings LLC increased its stake in shares of Walgreens Boots Alliance by 219.1% in the fourth quarter. Barings LLC now owns 28,602 shares of the pharmacy operator’s stock valued at $2,367,000 after buying an additional 19,639 shares during the period. Institutional investors and hedge funds own 61.17% of the company’s stock.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded up 1.22% on Friday, reaching $80.72. 3,992,347 shares of the company’s stock traded hands. Walgreens Boots Alliance, Inc. has a 52 week low of $75.18 and a 52 week high of $89.69. The firm has a 50-day moving average price of $79.08 and a 200-day moving average price of $82.30. The stock has a market capitalization of $86.38 billion, a price-to-earnings ratio of 20.38 and a beta of 1.25.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The firm had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that Walgreens Boots Alliance, Inc. will post $5.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio is presently 37.78%.
Walgreens Boots Alliance declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 29th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the pharmacy operator to purchase up to 5.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
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Several brokerages recently commented on WBA. Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC dropped their price target on shares of Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 31st. Needham & Company LLC set a $94.00 price target on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and a consensus price target of $90.69.
In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total value of $218,305.44. Following the sale, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.50% of the stock is currently owned by corporate insiders.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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