Buckingham Asset Management LLC lowered its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,784 shares of the pharmacy operator’s stock after selling 2,790 shares during the quarter. Buckingham Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $2,068,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Elgethun Capital Management grew its stake in Walgreens Boots Alliance by 14.0% during the first quarter. Elgethun Capital Management now owns 5,197 shares of the pharmacy operator’s stock worth $432,000 after buying an additional 639 shares during the last quarter. Teachers Advisors LLC grew its stake in Walgreens Boots Alliance by 47.9% during the first quarter. Teachers Advisors LLC now owns 2,075,642 shares of the pharmacy operator’s stock worth $172,382,000 after buying an additional 672,035 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in Walgreens Boots Alliance by 22.4% during the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock worth $437,632,000 after buying an additional 962,959 shares during the last quarter. Bridgewater Associates LP bought a new stake in Walgreens Boots Alliance during the first quarter worth about $1,677,000. Finally, California Public Employees Retirement System grew its stake in Walgreens Boots Alliance by 4.1% during the first quarter. California Public Employees Retirement System now owns 2,038,244 shares of the pharmacy operator’s stock worth $169,276,000 after buying an additional 80,500 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now directly owns 16,415 shares in the company, valued at $1,105,878.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Anthony Lederer acquired 20,000 shares of the business’s stock in a transaction that occurred on 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 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. Corporate insiders own 14.80% of the company’s stock.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ 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 for 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. Walgreens Boots Alliance’s revenue was up 5.3% compared to the same quarter last year. equities analysts predict that Walgreens Boots Alliance Inc will post 5.54 EPS for the current fiscal year.
Walgreens Boots Alliance announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the pharmacy operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, November 13th were issued a $0.40 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.60 annualized dividend and a yield of 2.19%. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.
WBA has been the topic of several research analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, September 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a research note on Sunday, September 10th. BidaskClub lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Royal Bank of Canada assumed coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.60.
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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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