Retirement Systems of Alabama grew its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 39.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 576,179 shares of the pharmacy operator’s stock after buying an additional 162,137 shares during the period. Retirement Systems of Alabama owned approximately 0.06% of Walgreens Boots Alliance worth $44,493,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Franklin Resources Inc. boosted its stake in shares of Walgreens Boots Alliance by 24.7% during the 2nd quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after purchasing an additional 3,662,302 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Walgreens Boots Alliance by 471.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,295,583 shares of the pharmacy operator’s stock worth $258,077,000 after purchasing an additional 2,718,800 shares during the period. Vanguard Group Inc. boosted its stake in shares of Walgreens Boots Alliance by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock worth $5,480,577,000 after purchasing an additional 1,926,108 shares during the period. Wellington Management Group LLP boosted its stake in shares of Walgreens Boots Alliance by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock worth $2,727,932,000 after purchasing an additional 1,824,300 shares during the period. Finally, Glenview Capital Management LLC purchased a new position in shares of Walgreens Boots Alliance during the 2nd quarter worth about $136,875,000. 61.18% of the stock is owned by institutional investors and hedge funds.
In other Walgreens Boots Alliance news, Director John Anthony Lederer purchased 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, October 26th. The stock was acquired at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at approximately $3,350,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the completion of the sale, the director now owns 16,415 shares of the company’s stock, valued at approximately $1,105,878.55. The disclosure for this sale can be found here. Insiders own 14.80% of the company’s stock.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, beating the consensus estimate of $1.21 by $0.10. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The business 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 business posted $1.07 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. sell-side analysts expect that Walgreens Boots Alliance Inc will post 5.54 earnings per share for the current year.
Walgreens Boots Alliance announced that its board has approved a stock repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the pharmacy operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.
Several equities research analysts have issued reports on the stock. Pivotal Research lowered their price objective on shares of Walgreens Boots Alliance from $85.00 to $73.00 and set a “hold” rating for the company in a research report on Tuesday, October 24th. 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 Thursday, October 12th. Deutsche Bank assumed coverage on shares of Walgreens Boots Alliance in a research report on Monday, December 4th. They issued a “hold” rating and a $78.00 price objective for the company. Vetr raised shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 12th. Finally, BidaskClub cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $86.89.
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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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