Walgreens Boots Alliance, Inc. (WBA) Holdings Maintained by Condor Capital Management

Condor Capital Management held its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,650 shares of the pharmacy operator’s stock at the close of the second quarter. Walgreens Boots Alliance comprises about 1.5% of Condor Capital Management’s investment portfolio, making the stock its 15th largest holding. Condor Capital Management’s holdings in Walgreens Boots Alliance were worth $7,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WBA. IBM Retirement Fund boosted its position in shares of Walgreens Boots Alliance by 88.1% in the 2nd quarter. IBM Retirement Fund now owns 22,903 shares of the pharmacy operator’s stock valued at $2,004,000 after purchasing an additional 10,729 shares during the period. Andra AP fonden boosted its position in shares of Walgreens Boots Alliance by 35.3% in the 2nd quarter. Andra AP fonden now owns 58,300 shares of the pharmacy operator’s stock valued at $4,565,000 after purchasing an additional 15,200 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Walgreens Boots Alliance by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,019,739 shares of the pharmacy operator’s stock valued at $236,476,000 after purchasing an additional 154,995 shares during the period. Montecito Bank & Trust boosted its position in shares of Walgreens Boots Alliance by 3.6% in the 2nd quarter. Montecito Bank & Trust now owns 6,661 shares of the pharmacy operator’s stock valued at $522,000 after purchasing an additional 230 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Walgreens Boots Alliance by 5.9% in the 1st quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock valued at $2,727,932,000 after purchasing an additional 1,824,300 shares during the period. Institutional investors and hedge funds own 60.19% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (WBA) opened at 64.48 on Monday. The firm’s 50-day moving average price is $74.52 and its 200-day moving average price is $79.56. The firm has a market capitalization of $69.00 billion, a PE 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 earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.10. The company had revenue of $30.15 billion during the quarter, compared to analyst estimates of $29.93 billion. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. On average, equities analysts predict that Walgreens Boots Alliance, Inc. will post $5.48 earnings per share for the current fiscal year.

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

Walgreens Boots Alliance declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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A number of brokerages recently issued reports on WBA. Jefferies Group LLC set a $93.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Sunday. Pivotal Research decreased their target price on 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 set a $90.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada reissued a “buy” rating and issued a $88.00 target price on shares of Walgreens Boots Alliance in a research report on Wednesday, October 25th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $97.00 target price on shares of Walgreens Boots Alliance in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen 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 $88.00.

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).

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

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