Advanced Asset Management Advisors Inc acquired a new stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 12,633 shares of the pharmacy operator’s stock, valued at approximately $917,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WBA. Vanguard Group Inc. boosted its holdings in shares of Walgreens Boots Alliance by 2.8% in the second quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock worth $5,480,577,000 after acquiring an additional 1,926,108 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Walgreens Boots Alliance by 24.7% in the second quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after acquiring an additional 3,662,302 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Walgreens Boots Alliance by 1.0% in the third quarter. Nordea Investment Management AB now owns 10,182,388 shares of the pharmacy operator’s stock worth $786,284,000 after acquiring an additional 96,552 shares during the period. CI Global Investments Inc. boosted its holdings in shares of Walgreens Boots Alliance by 32.0% in the fourth quarter. CI Global Investments Inc. now owns 7,373,589 shares of the pharmacy operator’s stock worth $535,470,000 after acquiring an additional 1,785,449 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Walgreens Boots Alliance by 12.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,641,826 shares of the pharmacy operator’s stock worth $512,893,000 after acquiring an additional 735,917 shares during the period. 60.82% of the stock is owned by institutional investors and hedge funds.
In other news, insider Stefano Pessina purchased 98,858 shares of the stock in a transaction on Monday, January 15th. The shares were acquired at an average price of $76.07 per share, for a total transaction of $7,520,128.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 14.80% of the company’s stock.
Shares of Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $70.91 on Wednesday. Walgreens Boots Alliance Inc has a 12-month low of $63.82 and a 12-month high of $88.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.96. The firm has a market capitalization of $70,250.00, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business had revenue of $30.74 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. equities research analysts forecast that Walgreens Boots Alliance Inc will post 5.73 EPS for the current fiscal year.
Walgreens Boots Alliance announced that its board has authorized a share buyback plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the pharmacy operator to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. Walgreens Boots Alliance’s payout ratio is 44.20%.
A number of research firms have recently commented on WBA. Zacks Investment Research lowered Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Mizuho set a $87.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 24th. ValuEngine downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Evercore ISI initiated coverage on Walgreens Boots Alliance in a research report on Thursday, January 4th. They issued an “outperform” rating and a $80.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $85.37.
Walgreens Boots Alliance Company 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).
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).
Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.