Koch Industries Inc. bought a new stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 211,837 shares of the pharmacy operator’s stock, valued at approximately $209,000.
A number of other large investors have also made changes to their positions in WBA. Pathstone Family Office LLC grew its holdings in Walgreens Boots Alliance by 226.6% during the second quarter. Pathstone Family Office LLC now owns 1,179 shares of the pharmacy operator’s stock worth $1,969,000 after acquiring an additional 818 shares during the period. Hudock Capital Group LLC grew 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 acquiring an additional 6 shares during the period. Westside Investment Management Inc. grew its holdings in Walgreens Boots Alliance by 10.4% during the second quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after acquiring an additional 125 shares during the period. Hanson McClain Inc. grew 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 acquiring an additional 87 shares during the period. Finally, Vantage Investment Advisors LLC grew its holdings in Walgreens Boots Alliance by 29.6% during the second quarter. Vantage Investment Advisors LLC now owns 2,187 shares of the pharmacy operator’s stock worth $171,000 after acquiring an additional 500 shares during the period. 60.41% of the stock is currently owned by institutional investors.
In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred 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 sale, the director now owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Anthony Lederer purchased 20,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The disclosure for this purchase can be found here. Company insiders own 13.50% of the company’s stock.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.10. The business had revenue of $30.15 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. sell-side analysts expect that Walgreens Boots Alliance Inc will post 5.55 EPS for the current year.
Walgreens Boots Alliance announced that its board has approved a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the pharmacy operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
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 given 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 2.24%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 42.33%.
WBA has been the topic of several analyst reports. UBS reaffirmed a “buy” rating and set a $96.00 target price (down from $97.00) on shares of Walgreens Boots Alliance in a report on Wednesday, August 23rd. Loop Capital began coverage on Walgreens Boots Alliance in a report on Thursday, August 24th. They set a “buy” rating and a $95.00 target price on the stock. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Jefferies Group reiterated a “buy” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a research report on Thursday, September 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a research report on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $87.21.
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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).
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