Level Four Advisory Services LLC Sells 5,739 Shares of Walgreens Boots Alliance Inc (WBA)

Level Four Advisory Services LLC lowered its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 36.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,161 shares of the pharmacy operator’s stock after selling 5,739 shares during the quarter. Level Four Advisory Services LLC’s holdings in Walgreens Boots Alliance were worth $825,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Hudock Capital Group LLC increased 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 acquiring an additional 6 shares in the last quarter. Westside Investment Management Inc. increased 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 acquiring an additional 125 shares in the last quarter. IHT Wealth Management LLC increased 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 acquiring an additional 2,199 shares in the last quarter. Private Vista LLC increased its holdings in shares of Walgreens Boots Alliance by 6,403.7% during the second quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock valued at $140,000 after acquiring an additional 574,218 shares in the last quarter. Finally, Hanson McClain Inc. increased its holdings in shares of Walgreens Boots Alliance by 4.6% during the second quarter. Hanson McClain Inc. now owns 1,987 shares of the pharmacy operator’s stock valued at $156,000 after acquiring an additional 87 shares in the last quarter. 60.24% of the stock is owned by institutional investors and hedge funds.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total transaction of $184,324.32. Following the completion of the sale, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Anthony Lederer purchased 20,000 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were purchased at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at $3,350,000. The disclosure for this purchase can be found here. Insiders own 14.80% of the company’s stock.

Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $71.05 on Thursday. Walgreens Boots Alliance Inc has a twelve month low of $63.82 and a twelve month high of $88.00. The company has a market capitalization of $69,503.16, a PE ratio of 13.76, a P/E/G ratio of 1.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.59.

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

Walgreens Boots Alliance declared that its board has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.25%. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.

Several equities analysts have recently weighed in on WBA shares. UBS restated a “buy” rating and set a $96.00 price target (down from $97.00) on shares of Walgreens Boots Alliance in a report on Wednesday, August 23rd. Loop Capital started coverage on Walgreens Boots Alliance in a report on Thursday, August 24th. They set a “buy” rating and a $95.00 price target for the company. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Jefferies Group restated a “buy” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, September 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a report on Sunday, September 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $86.47.

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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).

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

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