Clearbridge Investments LLC Maintains Stake in Walgreens Boots Alliance, Inc. (WBA)

Clearbridge Investments LLC held its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the first quarter, Holdings Channel reports. The fund owned 20,337 shares of the pharmacy operator’s stock at the end of the first quarter. Clearbridge Investments LLC’s holdings in Walgreens Boots Alliance were worth $1,689,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in Walgreens Boots Alliance by 1.8% in the first quarter. State Street Corp now owns 37,612,843 shares of the pharmacy operator’s stock valued at $3,123,757,000 after buying an additional 677,743 shares in the last quarter. Wellington Management Group LLP raised its stake in Walgreens Boots Alliance by 5.9% in the first quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock valued at $2,727,932,000 after buying an additional 1,824,300 shares in the last quarter. Nordea Investment Management AB raised its stake in Walgreens Boots Alliance by 26.5% in the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock valued at $760,267,000 after buying an additional 1,917,082 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Walgreens Boots Alliance by 22.4% in the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock valued at $437,632,000 after buying an additional 962,959 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Walgreens Boots Alliance by 22.9% in the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock valued at $407,982,000 after buying an additional 914,888 shares in the last quarter. Hedge funds and other institutional investors own 61.16% of the company’s stock.

Walgreens Boots Alliance, Inc. (WBA) traded up 0.44% on Thursday, hitting $81.62. 1,089,788 shares of the company were exchanged. The stock’s 50-day moving average price is $79.45 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. The stock has a market capitalization of $87.34 billion, a P/E ratio of 20.61 and a beta of 1.25.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results 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. The company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. Walgreens Boots Alliance’s dividend payout ratio is currently 37.78%.

Walgreens Boots Alliance declared that its board has authorized a share repurchase program on Thursday, June 29th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the pharmacy operator to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.com-unik.info/2017/08/17/clearbridge-investments-llc-maintains-stake-in-walgreens-boots-alliance-inc-wba.html.

WBA has been the subject of several analyst reports. Needham & Company LLC raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Friday, June 30th. Credit Suisse Group reissued a “buy” rating and issued a $97.00 target price on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. Leerink Swann set a $86.00 target price on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Friday, July 7th. Citigroup Inc. reissued a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Finally, Guggenheim reissued a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. Walgreens Boots Alliance has a consensus rating of “Buy” and an average price target of $90.69.

In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the transaction, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 13.50% of the company’s stock.

Walgreens Boots Alliance Company Profile

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).

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)

What are top analysts saying about Walgreens Boots Alliance Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Walgreens Boots Alliance Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit