North Star Asset Management Inc. decreased its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,147 shares of the pharmacy operator’s stock after selling 2,447 shares during the quarter. North Star Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $1,826,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Walgreens Boots Alliance by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock worth $5,480,577,000 after purchasing an additional 1,926,108 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Walgreens Boots Alliance by 24.7% in the 2nd quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after buying an additional 3,662,302 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Walgreens Boots Alliance by 1.0% in the 3rd quarter. Nordea Investment Management AB now owns 10,182,388 shares of the pharmacy operator’s stock worth $786,284,000 after buying an additional 96,552 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Walgreens Boots Alliance by 12.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,641,826 shares of the pharmacy operator’s stock worth $512,893,000 after buying an additional 735,917 shares in the last quarter. Finally, CI Global Investments Inc. boosted its position in shares of Walgreens Boots Alliance by 4.8% in the 2nd quarter. CI Global Investments Inc. now owns 5,931,592 shares of the pharmacy operator’s stock worth $464,503,000 after buying an additional 270,182 shares in the last quarter. 61.57% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Mizuho set a $87.00 target price on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Wednesday, January 24th. ValuEngine lowered shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Loop Capital set a $90.00 target price on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, Evercore ISI initiated coverage on shares of Walgreens Boots Alliance in a report on Thursday, January 4th. They issued an “outperform” rating and a $80.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $85.53.
In related news, insider Stefano Pessina purchased 98,858 shares of the firm’s stock in a transaction on Monday, January 15th. The stock was purchased at an average price of $76.07 per share, for a total transaction of $7,520,128.06. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.80% of the stock is owned by corporate insiders.
Walgreens Boots Alliance Inc (NASDAQ WBA) traded down $0.10 on Monday, reaching $68.36. 1,983,065 shares of the company were exchanged, compared to its average volume of 6,001,879. The firm has a market cap of $68,210.00, a P/E ratio of 18.88, a PEG ratio of 1.16 and a beta of 1.18. 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.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. analysts expect that Walgreens Boots Alliance Inc will post 5.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio is presently 44.20%.
Walgreens Boots Alliance declared that its board has authorized a share buyback program on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the pharmacy operator to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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About Walgreens Boots Alliance
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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