Sompo Japan Nipponkoa Asset Management CO. LTD. Buys 26,790 Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA)

Sompo Japan Nipponkoa Asset Management CO. LTD. grew its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 17.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,260 shares of the pharmacy operator’s stock after purchasing an additional 26,790 shares during the period. Walgreens Boots Alliance comprises about 2.1% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s investment portfolio, making the stock its 9th biggest position. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Walgreens Boots Alliance were worth $8,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Savant Capital LLC grew its position in Walgreens Boots Alliance by 87.2% in the 1st quarter. Savant Capital LLC now owns 30,824 shares of the pharmacy operator’s stock worth $1,410,000 after purchasing an additional 14,359 shares during the last quarter. ING Groep NV boosted its position in shares of Walgreens Boots Alliance by 46.0% during the 4th quarter. ING Groep NV now owns 57,426 shares of the pharmacy operator’s stock valued at $3,386,000 after acquiring an additional 18,085 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of Walgreens Boots Alliance by 74.2% during the 4th quarter. Great Lakes Advisors LLC now owns 13,701 shares of the pharmacy operator’s stock valued at $808,000 after acquiring an additional 5,835 shares in the last quarter. Hartford Investment Management Co. boosted its position in shares of Walgreens Boots Alliance by 3.4% during the 4th quarter. Hartford Investment Management Co. now owns 120,397 shares of the pharmacy operator’s stock valued at $7,099,000 after acquiring an additional 4,007 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Walgreens Boots Alliance by 27.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 233,075 shares of the pharmacy operator’s stock valued at $10,663,000 after acquiring an additional 49,936 shares in the last quarter. Institutional investors own 58.03% of the company’s stock.

WBA has been the topic of several recent research reports. Cowen decreased their target price on shares of Walgreens Boots Alliance from $54.00 to $48.00 and set a “market perform” rating on the stock in a research report on Tuesday. Royal Bank of Canada decreased their target price on shares of Walgreens Boots Alliance from $57.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Friday, April 3rd. TheStreet lowered shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Tuesday, February 25th. ValuEngine lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Walgreens Boots Alliance from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, April 3rd. Four research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.21.

Shares of NASDAQ WBA traded down $0.15 during trading on Friday, reaching $39.60. The company had a trading volume of 3,378,765 shares, compared to its average volume of 7,383,946. Walgreens Boots Alliance Inc has a 52 week low of $36.65 and a 52 week high of $64.50. The stock has a market cap of $34.87 billion, a PE ratio of 6.87, a PEG ratio of 1.83 and a beta of 0.55. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.32 and a current ratio of 0.66. The business’s 50 day moving average price is $42.22 and its 200-day moving average price is $51.33.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, April 2nd. The pharmacy operator reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.06. Walgreens Boots Alliance had a net margin of 2.52% and a return on equity of 21.26%. The company had revenue of $35.82 billion during the quarter, compared to the consensus estimate of $35.24 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that Walgreens Boots Alliance Inc will post 5.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Wednesday, May 20th will be paid a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Tuesday, May 19th. Walgreens Boots Alliance’s dividend payout ratio is presently 30.55%.

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

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