Walgreens Boots Alliance, Inc. (WBA) Holdings Cut by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,300 shares of the pharmacy operator’s stock after selling 5,170 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $10,986,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WBA. Nordea Investment Management AB boosted its holdings in Walgreens Boots Alliance by 26.5% during 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 acquiring an additional 1,917,082 shares during the period. Wellington Management Group LLP boosted its holdings in Walgreens Boots Alliance by 5.9% during 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 acquiring an additional 1,824,300 shares during the period. American Century Companies Inc. boosted its holdings in Walgreens Boots Alliance by 1,145.3% during the second quarter. American Century Companies Inc. now owns 1,304,168 shares of the pharmacy operator’s stock valued at $102,129,000 after acquiring an additional 1,199,442 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Walgreens Boots Alliance by 22.4% during 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 acquiring an additional 962,959 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in Walgreens Boots Alliance by 22.9% during 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 acquiring an additional 914,888 shares during the period. Institutional investors own 60.19% of the company’s stock.

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WBA has been the subject of a number of research analyst reports. Pivotal Research cut their price objective on shares of Walgreens Boots Alliance from $85.00 to $73.00 and set a “hold” rating for the company in a research report on Tuesday, October 24th. Loop Capital initiated coverage on shares of Walgreens Boots Alliance in a research report on Thursday, August 24th. They set a “buy” rating and a $95.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, October 12th. BidaskClub lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $88.00 price objective on shares of Walgreens Boots Alliance in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $88.00.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 64.48 on Monday. The company has a 50-day moving average of $74.52 and a 200 day moving average of $79.56. The firm has a market cap of $69.00 billion, a price-to-earnings ratio of 16.28 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 52-week low of $63.82 and a 52-week high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.10. The firm had revenue of $30.15 billion during the quarter, compared to the consensus estimate of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.

Walgreens Boots Alliance announced that its board has initiated a share buyback plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the pharmacy operator to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Walgreens Boots Alliance 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).

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

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