Oregon Public Employees Retirement Fund grew its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,305 shares of the pharmacy operator’s stock after buying an additional 8,589 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Walgreens Boots Alliance were worth $7,591,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Hudock Capital Group LLC increased its position in shares of Walgreens Boots Alliance by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the last quarter. Modera Wealth Management LLC increased its position in shares of Walgreens Boots Alliance by 0.4% during the 1st quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after purchasing an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Walgreens Boots Alliance by 0.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after purchasing an additional 16 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Walgreens Boots Alliance by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock valued at $274,000 after purchasing an additional 22 shares during the last quarter. Finally, Northern Capital Management LLC increased its holdings in Walgreens Boots Alliance by 0.4% in the 2nd quarter. Northern Capital Management LLC now owns 6,635 shares of the pharmacy operator’s stock worth $520,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.
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 14.80% of the company’s stock.
Walgreens Boots Alliance Inc (NASDAQ WBA) traded up $0.69 during mid-day trading on Friday, reaching $76.07. The company’s stock had a trading volume of 6,458,366 shares, compared to its average volume of 6,450,000. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.96. Walgreens Boots Alliance Inc has a twelve month low of $63.82 and a twelve month high of $88.00. The stock has a market capitalization of $75,340.00, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion for the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. equities research analysts forecast that Walgreens Boots Alliance Inc will post 5.67 earnings per share for the current fiscal 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.
Several equities research analysts recently issued reports on WBA shares. Needham & Company LLC reissued a “buy” rating and issued a $94.00 target price on shares of Walgreens Boots Alliance in a report on Saturday, September 16th. Royal Bank of Canada began coverage on shares of Walgreens Boots Alliance in a report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Wednesday, September 20th. Raymond James Financial reaffirmed a “market perform” rating on shares of Walgreens Boots Alliance in a report on Wednesday, September 27th. Finally, BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 3rd. Nine research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Walgreens Boots Alliance currently has an average rating of “Buy” and a consensus price target of $86.20.
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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).
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