Old Mutual Global Investors UK Ltd. boosted its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 57.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,008 shares of the pharmacy operator’s stock after acquiring an additional 31,286 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Walgreens Boots Alliance were worth $6,735,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Hudock Capital Group LLC raised its stake in shares of Walgreens Boots Alliance by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after purchasing an additional 6 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Walgreens Boots Alliance by 7.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock worth $107,000 after purchasing an additional 100 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Walgreens Boots Alliance by 14.1% in the second quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock worth $135,000 after purchasing an additional 213 shares during the last quarter. Founders Capital Management purchased a new stake in shares of Walgreens Boots Alliance in the first quarter worth approximately $161,000. Finally, Hanson McClain Inc. raised its stake in shares of Walgreens Boots Alliance by 4.6% in the second quarter. Hanson McClain Inc. now owns 1,987 shares of the pharmacy operator’s stock worth $156,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.
Several analysts have recently commented on the company. Citigroup Inc lowered their price objective on Walgreens Boots Alliance from $95.00 to $81.00 and set a “buy” rating for the company in a research note on Thursday. Leerink Swann downgraded Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Zacks Investment Research raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Jefferies Group LLC set a $93.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.63.
Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at $66.87 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.59. The stock has a market capitalization of $67,417.68, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $30.15 billion during the quarter, compared to the consensus estimate of $29.93 billion. During the same period last year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. analysts anticipate that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current fiscal year.
Walgreens Boots Alliance declared that its board has approved a share buyback program on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the pharmacy operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The company 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 2.39%. The ex-dividend date is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.
In other news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total value of $184,324.32. Following the completion of the transaction, the director now directly owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Anthony Lederer purchased 20,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was bought at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $3,350,000. The disclosure for this purchase can be found here. Company insiders own 13.50% of the company’s stock.
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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).
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