Westpac Banking Corp Grows Position in Walgreens Boots Alliance, Inc. (WBA)

Westpac Banking Corp lifted its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,169 shares of the pharmacy operator’s stock after acquiring an additional 426 shares during the period. Westpac Banking Corp’s holdings in Walgreens Boots Alliance were worth $4,790,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC raised its holdings in Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after buying an additional 6 shares during the last quarter. Reilly Financial Advisors LLC raised its holdings in Walgreens Boots Alliance by 7.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Orrstown Financial Services Inc. raised its holdings in Walgreens Boots Alliance by 14.1% during the second quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock worth $135,000 after buying an additional 213 shares during the last quarter. Private Vista LLC raised its holdings in Walgreens Boots Alliance by 6,403.7% during the second quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock worth $140,000 after buying an additional 574,218 shares during the last quarter. Finally, Hanson McClain Inc. raised its holdings in Walgreens Boots Alliance by 4.6% during the second quarter. Hanson McClain Inc. now owns 1,987 shares of the pharmacy operator’s stock worth $156,000 after buying an additional 87 shares during the last quarter. Institutional investors own 60.19% of the company’s stock.

Several research analysts have weighed in on WBA shares. Morgan Stanley downgraded shares of Walgreens Boots Alliance from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $95.00 to $85.00 in a report on Friday, October 6th. Pivotal Research set a $85.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Sunday, July 2nd. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Needham & Company LLC restated a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a report on Sunday, September 10th. Finally, Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. 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 stock has an average rating of “Buy” and a consensus price target of $88.00.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 64.48 on Monday. The stock has a 50 day moving average of $74.52 and a 200 day moving average of $79.56. Walgreens Boots Alliance, Inc. has a one year low of $63.82 and a one year high of $88.00. The stock has a market cap of $69.00 billion, a P/E ratio of 16.28 and a beta of 1.25.

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

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

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

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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).

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

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