Rampart Investment Management Company LLC Sells 435 Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA)

Rampart Investment Management Company LLC reduced its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 12,893 shares of the pharmacy operator’s stock after selling 435 shares during the period. Rampart Investment Management Company LLC’s holdings in Walgreens Boots Alliance were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WBA. Cable Hill Partners LLC raised its stake in shares of Walgreens Boots Alliance by 40.0% in the first quarter. Cable Hill Partners LLC now owns 700 shares of the pharmacy operator’s stock valued at $44,000 after buying an additional 200 shares during the period. Exencial Wealth Advisors LLC boosted its holdings in Walgreens Boots Alliance by 1.0% during the 1st quarter. Exencial Wealth Advisors LLC now owns 20,134 shares of the pharmacy operator’s stock valued at $1,274,000 after acquiring an additional 207 shares during the period. Alpha Quant Advisors LLC boosted its holdings in Walgreens Boots Alliance by 0.9% during the 1st quarter. Alpha Quant Advisors LLC now owns 23,730 shares of the pharmacy operator’s stock valued at $1,501,000 after acquiring an additional 216 shares during the period. GWM Advisors LLC raised its position in shares of Walgreens Boots Alliance by 4.5% in the 2nd quarter. GWM Advisors LLC now owns 5,126 shares of the pharmacy operator’s stock worth $280,000 after acquiring an additional 222 shares in the last quarter. Finally, Webster Bank N. A. raised its position in shares of Walgreens Boots Alliance by 37.0% in the 2nd quarter. Webster Bank N. A. now owns 833 shares of the pharmacy operator’s stock worth $45,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 59.70% of the company’s stock.

In related news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the completion of the sale, the chief accounting officer now owns 357,851 shares of the company’s stock, valued at approximately $18,064,318.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.73% of the company’s stock.

WBA has been the topic of several recent analyst reports. Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 target price on the stock. in a research note on Monday, June 10th. Morgan Stanley decreased their target price on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Cleveland Research reissued a “hold” rating on shares of Walgreens Boots Alliance in a report on Monday, September 9th. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Bank of America reduced their target price on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $63.65.

Shares of NASDAQ:WBA traded up $0.21 during midday trading on Thursday, hitting $54.62. The stock had a trading volume of 182,449 shares, compared to its average volume of 4,423,105. The company has a market capitalization of $49.98 billion, a PE ratio of 9.09, a P/E/G ratio of 1.38 and a beta of 0.88. The stock has a 50 day moving average price of $52.38 and a two-hundred day moving average price of $54.68. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 0.49. Walgreens Boots Alliance Inc has a 1 year low of $49.03 and a 1 year high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 22.08%. The business had revenue of $34.59 billion for the quarter, compared to analysts’ expectations of $34.52 billion. During the same period in the prior year, the company posted $1.53 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that Walgreens Boots Alliance Inc will post 5.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.458 per share. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Monday, August 19th. Walgreens Boots Alliance’s dividend payout ratio is presently 30.40%.

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.

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Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance Inc (NASDAQ:WBA).

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

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