Walgreens Boots Alliance Inc (WBA) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630,736 shares of the pharmacy operator’s stock after buying an additional 64,330 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Walgreens Boots Alliance worth $48,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hudock Capital Group LLC raised its holdings in Walgreens Boots Alliance by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after acquiring an additional 6 shares during the period. Modera Wealth Management LLC raised its holdings in Walgreens Boots Alliance by 0.4% during the 1st quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after acquiring an additional 9 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Walgreens Boots Alliance by 0.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after acquiring an additional 16 shares during the period. Guardian Life Insurance Co. of America raised its holdings in Walgreens Boots Alliance by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock valued at $274,000 after acquiring an additional 22 shares during the period. Finally, Northern Capital Management LLC raised its holdings in Walgreens Boots Alliance by 0.4% during the 2nd quarter. Northern Capital Management LLC now owns 6,635 shares of the pharmacy operator’s stock valued at $520,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

In other news, Director William C. Foote sold 2,736 shares of the 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 directly owns 16,415 shares in the company, valued at $1,105,878.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Anthony Lederer bought 20,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were purchased at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the completion of 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. Corporate insiders own 14.80% of the company’s stock.

A number of equities research analysts have issued reports on WBA shares. Morgan Stanley cut shares of Walgreens Boots Alliance from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $95.00 to $85.00 in a report on Friday, October 6th. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Robert W. Baird reaffirmed an “outperform” rating and issued a $80.00 price target (down previously from $90.00) on shares of Walgreens Boots Alliance in a report on Thursday, October 19th. They noted that the move was a valuation call. Citigroup decreased their price target on shares of Walgreens Boots Alliance from $95.00 to $81.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Finally, Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.60.

Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $72.86 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.07. Walgreens Boots Alliance Inc has a 1 year low of $63.82 and a 1 year high of $88.00. The stock has a market cap of $72,008.77, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.30 and a beta of 1.22.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share (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 period in the prior year, the business posted $1.07 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.54 EPS for the current year.

Walgreens Boots Alliance declared that its board has initiated 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 an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th were issued 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 2.20%. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.

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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).

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

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