Montag A & Associates Inc. trimmed its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 15.2% during the 4th quarter, HoldingsChannel reports. The fund owned 80,865 shares of the pharmacy operator’s stock after selling 14,522 shares during the period. Montag A & Associates Inc.’s holdings in Walgreens Boots Alliance were worth $5,872,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Hudock Capital Group LLC lifted its holdings 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 valued at $102,000 after purchasing an additional 6 shares during the last quarter. Westside Investment Management Inc. lifted its holdings 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 valued at $102,000 after purchasing an additional 125 shares during the last quarter. Zions Bancorporation lifted its holdings in shares of Walgreens Boots Alliance by 983.3% during the third quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock valued at $105,000 after purchasing an additional 1,239 shares during the last quarter. IHT Wealth Management LLC lifted its holdings 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 valued at $135,000 after purchasing an additional 2,199 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in shares of Walgreens Boots Alliance during the third quarter valued at approximately $135,000. 60.82% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. Needham & Company LLC lowered their target price on shares of Walgreens Boots Alliance to $86.00 and set a “buy” rating for the company in a report on Wednesday, November 22nd. Jefferies Group set a $93.00 target price on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Sunday, October 29th. Pivotal Research set a $73.00 target price on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a report on Friday, January 5th. Vetr upgraded shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research lowered shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $85.37.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The company had revenue of $30.74 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the business earned $1.10 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. analysts anticipate that Walgreens Boots Alliance Inc will post 5.73 earnings per share for the current year.
The business 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 dividend on an annualized basis and a yield of 2.26%. Walgreens Boots Alliance’s dividend payout ratio is presently 44.20%.
Walgreens Boots Alliance announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the pharmacy operator to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
In related news, insider Stefano Pessina bought 98,858 shares of the firm’s stock in a transaction on Monday, January 15th. The stock was acquired at an average cost of $76.07 per share, for a total transaction of $7,520,128.06. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 14.80% of the stock is currently owned by insiders.
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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).
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