Walgreens Boots Alliance Inc (WBA) Holdings Lifted by Somerset Trust Co

Somerset Trust Co raised its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 19.2% in the fourth quarter, Holdings Channel reports. The firm owned 24,503 shares of the pharmacy operator’s stock after buying an additional 3,952 shares during the quarter. Somerset Trust Co’s holdings in Walgreens Boots Alliance were worth $1,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in shares of Walgreens Boots Alliance by 52.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,790 shares of the pharmacy operator’s stock worth $375,000 after acquiring an additional 1,650 shares in the last quarter. National Pension Service raised its position in shares of Walgreens Boots Alliance by 10.9% in the 2nd quarter. National Pension Service now owns 698,088 shares of the pharmacy operator’s stock worth $54,709,000 after acquiring an additional 68,376 shares in the last quarter. Iowa State Bank raised its position in shares of Walgreens Boots Alliance by 100.1% in the 2nd quarter. Iowa State Bank now owns 8,397 shares of the pharmacy operator’s stock worth $658,000 after acquiring an additional 4,200 shares in the last quarter. Texan Capital Management raised its position in shares of Walgreens Boots Alliance by 1.4% in the 2nd quarter. Texan Capital Management now owns 54,095 shares of the pharmacy operator’s stock worth $4,236,000 after acquiring an additional 747 shares in the last quarter. Finally, Jacobs & Co. CA raised its position in shares of Walgreens Boots Alliance by 5.3% in the 2nd quarter. Jacobs & Co. CA now owns 106,679 shares of the pharmacy operator’s stock worth $8,354,000 after acquiring an additional 5,323 shares in the last quarter. 61.20% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $88.00 target price (up previously from $86.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, January 10th. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Sunday. Loop Capital set a $90.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 price objective (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. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $86.35.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the 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 sale 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 business’s stock in a transaction on Thursday, October 26th. The shares were acquired 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. Company insiders own 14.80% of the company’s stock.

Walgreens Boots Alliance Inc (WBA) opened at $76.47 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.96. Walgreens Boots Alliance Inc has a 52-week low of $63.82 and a 52-week high of $88.00. The firm has a market capitalization of $75,730.00, a P/E ratio of 21.12, a P/E/G ratio of 1.29 and a beta of 1.22.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, beating the 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 business had revenue of $30.74 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the business posted $1.10 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. equities analysts forecast that Walgreens Boots Alliance Inc will post 5.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.60 annualized dividend and a yield of 2.09%. Walgreens Boots Alliance’s dividend payout ratio is 44.20%.

Walgreens Boots Alliance declared that its board has initiated a share buyback program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the pharmacy operator to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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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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