BB&T Investment Services Inc. Purchases 2,174 Shares of Walgreens Boots Alliance Inc (WBA)

BB&T Investment Services Inc. boosted its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 26.0% in the third quarter, HoldingsChannel reports. The firm owned 10,544 shares of the pharmacy operator’s stock after acquiring an additional 2,174 shares during the period. BB&T Investment Services Inc.’s holdings in Walgreens Boots Alliance were worth $810,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hudock Capital Group LLC grew its stake in shares of 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 last quarter. Westside Investment Management Inc. grew its stake in shares of 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 last quarter. IHT Wealth Management LLC grew its stake in shares of Walgreens Boots Alliance by 46.3% during the second quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock worth $135,000 after acquiring an additional 2,199 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in Walgreens Boots Alliance in the third quarter valued at approximately $135,000. Finally, Private Vista LLC boosted its position in Walgreens Boots Alliance by 6,403.7% in the second quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock valued at $140,000 after buying an additional 574,218 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

In other news, Director John Anthony Lederer bought 20,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated 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 owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The disclosure for this sale can be found here. 14.80% of the stock is owned by company insiders.

A number of equities research analysts recently commented on the company. Loop Capital set a $90.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Thursday, October 26th. Robert W. Baird reiterated an “outperform” rating and issued a $80.00 target price (down previously from $90.00) on shares of Walgreens Boots Alliance in a research report on Thursday, October 19th. They noted that the move was a valuation call. Royal Bank of Canada assumed coverage on Walgreens Boots Alliance in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $96.00 target price on the stock. Citigroup dropped their target price on Walgreens Boots Alliance from $95.00 to $81.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $86.05.

Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $73.85 on Tuesday. Walgreens Boots Alliance Inc has a 52 week low of $63.82 and a 52 week high of $88.00. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $73,140.00, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.29 and a beta of 1.22.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The firm had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the company earned $1.10 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. equities analysts predict that Walgreens Boots Alliance Inc will post 5.59 earnings per share for the current year.

Walgreens Boots Alliance declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the pharmacy operator to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 44.20%.

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

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