Lee Danner & Bass Inc. Has $240,000 Stake in Walgreens Boots Alliance Inc (WBA)

Lee Danner & Bass Inc. lessened its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,301 shares of the pharmacy operator’s stock after selling 850 shares during the period. Lee Danner & Bass Inc.’s holdings in Walgreens Boots Alliance were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of WBA. Public Employees Retirement Association of Colorado increased its position in shares of Walgreens Boots Alliance by 4.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 172,325 shares of the pharmacy operator’s stock worth $12,514,000 after purchasing an additional 7,744 shares during the last quarter. CI Investments Inc. increased its position in shares of Walgreens Boots Alliance by 49.6% during the 4th quarter. CI Investments Inc. now owns 533,982 shares of the pharmacy operator’s stock worth $38,778,000 after purchasing an additional 177,146 shares during the last quarter. Cadence Bank NA increased its position in shares of Walgreens Boots Alliance by 6.8% during the 4th quarter. Cadence Bank NA now owns 30,312 shares of the pharmacy operator’s stock worth $2,201,000 after purchasing an additional 1,929 shares during the last quarter. CI Global Investments Inc. increased its position in shares of Walgreens Boots Alliance by 32.0% during the 4th quarter. CI Global Investments Inc. now owns 7,373,589 shares of the pharmacy operator’s stock worth $535,470,000 after purchasing an additional 1,785,449 shares during the last quarter. Finally, Rockefeller Financial Services Inc. increased its position in shares of Walgreens Boots Alliance by 245.4% during the 4th quarter. Rockefeller Financial Services Inc. now owns 21,449 shares of the pharmacy operator’s stock worth $1,558,000 after purchasing an additional 15,239 shares during the last quarter. Institutional investors and hedge funds own 61.24% of the company’s stock.

Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $71.53 on Thursday. The firm has a market capitalization of $70,860.00, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. Walgreens Boots Alliance Inc has a 52-week low of $63.82 and a 52-week high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. The company had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. Walgreens Boots Alliance’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Thursday, February 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, February 14th. Walgreens Boots Alliance’s payout ratio is presently 44.20%.

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

A number of brokerages recently issued reports on WBA. Needham & Company LLC reissued a “buy” rating and set a $88.00 price objective (up 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. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Thursday, October 26th. ValuEngine downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird reissued an “outperform” rating and set a $80.00 price objective (down 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. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and a consensus price target of $85.53.

In related news, insider Stefano Pessina acquired 98,858 shares of the firm’s stock in a transaction dated Monday, January 15th. The stock was acquired at an average price of $76.07 per share, for a total transaction of $7,520,128.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 14.80% of the company’s stock.

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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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