Spirit of America Management Corp NY reduced its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 33.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the pharmacy operator’s stock after selling 1,000 shares during the period. Spirit of America Management Corp NY’s holdings in Walgreens Boots Alliance were worth $157,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in WBA. Jarislowsky Fraser Ltd increased its position in Walgreens Boots Alliance by 0.7% in the fourth quarter. Jarislowsky Fraser Ltd now owns 2,244,953 shares of the pharmacy operator’s stock valued at $185,792,000 after buying an additional 15,829 shares in the last quarter. PagnatoKarp Partners LLC purchased a new position in Walgreens Boots Alliance during the fourth quarter valued at $236,000. Thrivent Financial for Lutherans boosted its position in shares of Walgreens Boots Alliance by 71.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,614,045 shares of the pharmacy operator’s stock valued at $133,579,000 after buying an additional 671,555 shares during the last quarter. IFM Investors Pty Ltd bought a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at about $968,000. Finally, Forbes J M & Co. LLP boosted its position in shares of Walgreens Boots Alliance by 7.4% in the fourth quarter. Forbes J M & Co. LLP now owns 2,908 shares of the pharmacy operator’s stock valued at $240,000 after buying an additional 200 shares during the last quarter. 61.17% of the stock is owned by institutional investors.
Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 80.72 on Friday. The firm has a market cap of $86.38 billion, a price-to-earnings ratio of 20.38 and a beta of 1.25. The firm’s 50-day moving average price is $79.08 and its 200 day moving average price is $82.30. Walgreens Boots Alliance, Inc. has a 52-week low of $75.18 and a 52-week high of $89.69.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $29.72 billion. During the same quarter last year, the business posted $1.18 EPS. Walgreens Boots Alliance’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Walgreens Boots Alliance, Inc. will post $5.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 37.78%.
Walgreens Boots Alliance announced that its Board of Directors has initiated a stock repurchase program on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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Several equities analysts have recently issued reports on the company. Needham & Company LLC set a $94.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Monday, July 17th. Pivotal Research set a $85.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. Guggenheim reiterated a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $77.00 price objective (down previously from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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 owns 19,151 shares of the company’s stock, valued at approximately $1,528,058.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 13.50% of the company’s stock.
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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