Pennsylvania Trust Co Has $19.60 Million Position in Walgreens Boots Alliance Inc (WBA)

Pennsylvania Trust Co increased its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 4,980.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,332 shares of the pharmacy operator’s stock after purchasing an additional 322,850 shares during the period. Pennsylvania Trust Co’s holdings in Walgreens Boots Alliance were worth $19,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WBA. Vanguard Group Inc. grew its holdings in Walgreens Boots Alliance by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after buying an additional 448,045 shares in the last quarter. Vanguard Group Inc lifted its position in Walgreens Boots Alliance by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock valued at $5,149,224,000 after acquiring an additional 448,045 shares in the last quarter. BlackRock Inc. lifted its position in Walgreens Boots Alliance by 1.7% in the 4th quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock valued at $3,668,086,000 after acquiring an additional 895,469 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Walgreens Boots Alliance by 12,422.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock valued at $509,000 after acquiring an additional 34,529,539 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Walgreens Boots Alliance by 5.8% in the 4th quarter. Northern Trust Corp now owns 11,641,152 shares of the pharmacy operator’s stock valued at $795,439,000 after acquiring an additional 641,721 shares in the last quarter. Institutional investors own 65.05% of the company’s stock.

In other Walgreens Boots Alliance news, COO Ornella Barra bought 18,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were purchased at an average price of $54.56 per share, for a total transaction of $982,080.00. Following the transaction, the chief operating officer now directly owns 26,425 shares in the company, valued at approximately $1,441,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.73% of the company’s stock.

Several research firms recently commented on WBA. BidaskClub cut shares of Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 18th. Wolfe Research reissued a “peer perform” rating on shares of Walgreens Boots Alliance in a research report on Wednesday, December 19th. UBS Group started coverage on shares of Walgreens Boots Alliance in a research report on Thursday, January 17th. They set a “sell” rating and a $70.00 price target on the stock. Loop Capital set a $82.00 price target on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, February 26th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $68.50.

WBA traded down $0.07 on Tuesday, reaching $54.17. The company had a trading volume of 100,344 shares, compared to its average volume of 8,697,279. Walgreens Boots Alliance Inc has a fifty-two week low of $53.32 and a fifty-two week high of $86.31. The firm has a market cap of $49.59 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The company had revenue of $34.53 billion during the quarter, compared to analyst estimates of $34.57 billion. During the same quarter last year, the company posted $1.73 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.

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About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Further Reading: Quiet Period Expirations

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

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