Walgreens Boots Alliance, Inc. (WBA) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 9.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 151,874 shares of the pharmacy operator’s stock after acquiring an additional 12,693 shares during the period. Mutual of America Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $11,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WBA. New York State Common Retirement Fund increased its position in shares of Walgreens Boots Alliance by 8.1% during the 2nd quarter. New York State Common Retirement Fund now owns 2,598,820 shares of the pharmacy operator’s stock valued at $203,514,000 after purchasing an additional 194,732 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Walgreens Boots Alliance by 3,470.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,571 shares of the pharmacy operator’s stock valued at $201,000 after purchasing an additional 2,499 shares during the last quarter. Howard Hughes Medical Institute increased its position in shares of Walgreens Boots Alliance by 20.6% during the 2nd quarter. Howard Hughes Medical Institute now owns 43,854 shares of the pharmacy operator’s stock valued at $3,434,000 after purchasing an additional 7,495 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Walgreens Boots Alliance by 6.7% during the 2nd quarter. ProShare Advisors LLC now owns 1,085,320 shares of the pharmacy operator’s stock valued at $84,991,000 after purchasing an additional 68,583 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Walgreens Boots Alliance by 6.7% during the 2nd quarter. Profund Advisors LLC now owns 85,351 shares of the pharmacy operator’s stock valued at $6,684,000 after purchasing an additional 5,389 shares during the last quarter. Institutional investors and hedge funds own 63.58% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (WBA) opened at $70.59 on Wednesday. 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 $71,041.97, a price-to-earnings ratio of 13.80, a PEG ratio of 1.25 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.07.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.10. The business had revenue of $30.15 billion during the quarter, compared to the consensus estimate of $29.93 billion. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. equities research analysts predict that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.

Several equities research analysts have recently commented on WBA shares. Pivotal Research reduced their price target on shares of Walgreens Boots Alliance from $85.00 to $73.00 and set a “hold” rating for the company in a research report on Tuesday, October 24th. Loop Capital began coverage on shares of Walgreens Boots Alliance in a research report on Thursday, August 24th. They set a “buy” rating and a $95.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $94.00 target price on shares of Walgreens Boots Alliance in a report on Thursday, October 12th. BidaskClub lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $88.00 target price on shares of Walgreens Boots Alliance in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $87.63.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now owns 16,415 shares in the company, valued at $1,105,878.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was bought at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $3,350,000. The disclosure for this purchase can be found here. Company insiders own 13.50% of the company’s stock.

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

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