Walgreens Boots Alliance, Inc. (WBA) Holdings Increased by Glassman Wealth Services

Glassman Wealth Services grew its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,883 shares of the pharmacy operator’s stock after acquiring an additional 3 shares during the period. Glassman Wealth Services’ holdings in Walgreens Boots Alliance were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Cedar Capital LLC bought a new position in shares of Walgreens Boots Alliance during the 1st quarter worth about $223,000. Teza Capital Management LLC bought a new position in shares of Walgreens Boots Alliance during the 1st quarter worth about $1,663,000. HGK Asset Management Inc. boosted its position in shares of Walgreens Boots Alliance by 5.2% during the 1st quarter. HGK Asset Management Inc. now owns 8,065 shares of the pharmacy operator’s stock worth $670,000 after purchasing an additional 400 shares in the last quarter. Haverford Trust Co. boosted its position in shares of Walgreens Boots Alliance by 4.8% during the 1st quarter. Haverford Trust Co. now owns 8,957 shares of the pharmacy operator’s stock worth $744,000 after purchasing an additional 411 shares in the last quarter. Finally, Montecito Bank & Trust boosted its position in shares of Walgreens Boots Alliance by 3.9% during the 1st quarter. Montecito Bank & Trust now owns 6,431 shares of the pharmacy operator’s stock worth $534,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 60.24% of the company’s stock.

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Walgreens Boots Alliance (NASDAQ:WBA) last issued its 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. The firm had revenue of $30.15 billion for 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 was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.40%. Walgreens Boots Alliance’s dividend payout ratio is presently 42.33%.

Walgreens Boots Alliance declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of equities analysts have recently issued reports on the stock. Citigroup Inc. cut their price objective on shares of Walgreens Boots Alliance from $95.00 to $81.00 and set a “buy” rating on the stock in a research report on Thursday. Leerink Swann cut shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Monday. Jefferies Group LLC set a $93.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Loop Capital set a $90.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $87.63.

In related news, Director John Anthony Lederer acquired 20,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at $3,350,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available 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).

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

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