Mosaic Family Wealth LLC Has $926,000 Position in Walgreens Boots Alliance Inc (WBA)

Mosaic Family Wealth LLC lifted its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 17.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,996 shares of the pharmacy operator’s stock after buying an additional 1,802 shares during the period. Mosaic Family Wealth LLC’s holdings in Walgreens Boots Alliance were worth $926,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Hudock Capital Group LLC boosted its position in 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. Modera Wealth Management LLC boosted its position in Walgreens Boots Alliance by 0.4% in the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after purchasing an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in Walgreens Boots Alliance by 0.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after purchasing an additional 16 shares during the last quarter. Sowell Financial Services LLC boosted its position in Walgreens Boots Alliance by 0.6% in the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after purchasing an additional 17 shares during the last quarter. Finally, WealthTrust Arizona LLC boosted its position in Walgreens Boots Alliance by 0.4% in the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after purchasing an additional 21 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance Inc (WBA) opened at $70.36 on Friday. Walgreens Boots Alliance Inc has a 1 year low of $63.82 and a 1 year high of $88.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.07. The company has a market capitalization of $71,315.52, a price-to-earnings ratio of 14.12, a PEG ratio of 1.28 and a beta of 1.22.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. sell-side analysts forecast that Walgreens Boots Alliance Inc will post 5.54 earnings per share for the current fiscal year.

Walgreens Boots Alliance announced that its board has initiated a share repurchase 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 repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, November 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. Walgreens Boots Alliance’s payout ratio is 42.33%.

In related news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total transaction of $184,324.32. Following the sale, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Anthony Lederer acquired 20,000 shares of the firm’s 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 purchase, the director now owns 50,000 shares in the company, valued at approximately $3,350,000. The disclosure for this purchase can be found here. Insiders own 14.80% of the company’s stock.

Several research analysts have weighed in on WBA shares. Jefferies Group reissued a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Monday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. Loop Capital started coverage on Walgreens Boots Alliance in a research report on Thursday, August 24th. They issued a “buy” rating and a $95.00 price objective on the stock. UBS reissued a “buy” rating and issued a $96.00 price objective (down previously from $97.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, August 23rd. Finally, Mizuho set a $94.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Walgreens Boots Alliance currently has a consensus rating of “Buy” and an average target price of $86.47.

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

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