Cedar Hill Associates LLC Sells 7,248 Shares of Walgreens Boots Alliance Inc (WBA)

Cedar Hill Associates LLC trimmed its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,199 shares of the pharmacy operator’s stock after selling 7,248 shares during the period. Cedar Hill Associates LLC’s holdings in Walgreens Boots Alliance were worth $3,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Markston International LLC grew its holdings in Walgreens Boots Alliance by 9.8% during the 2nd quarter. Markston International LLC now owns 172,282 shares of the pharmacy operator’s stock worth $11,649,000 after acquiring an additional 15,306 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Walgreens Boots Alliance by 4.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 343,295 shares of the pharmacy operator’s stock worth $20,603,000 after acquiring an additional 14,062 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Walgreens Boots Alliance by 36.7% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 204,199 shares of the pharmacy operator’s stock worth $12,255,000 after acquiring an additional 54,838 shares in the last quarter. Markel Corp grew its holdings in Walgreens Boots Alliance by 0.6% during the 2nd quarter. Markel Corp now owns 2,148,000 shares of the pharmacy operator’s stock worth $128,912,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Carnick & Kubik Group LLC grew its holdings in Walgreens Boots Alliance by 13.2% during the 2nd quarter. Carnick & Kubik Group LLC now owns 39,592 shares of the pharmacy operator’s stock worth $2,376,000 after acquiring an additional 4,606 shares in the last quarter. Institutional investors own 61.08% of the company’s stock.

Several research analysts have issued reports on the stock. Cowen cut shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 target price on the stock. in a report on Monday, July 23rd. BidaskClub upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Citigroup cut shares of Walgreens Boots Alliance from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Monday, July 9th. Pivotal Research lowered their price target on shares of Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Monday, July 2nd. Finally, Mizuho cut shares of Walgreens Boots Alliance from a “buy” rating to a “neutral” rating and set a $64.00 price target on the stock. in a report on Monday, July 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $78.21.

NASDAQ:WBA opened at $66.17 on Friday. Walgreens Boots Alliance Inc has a fifty-two week low of $59.07 and a fifty-two week high of $83.89. The stock has a market capitalization of $66.91 billion, a PE ratio of 12.97, a PEG ratio of 1.11 and a beta of 1.10. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 0.44.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 28th. The pharmacy operator reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.06. The firm had revenue of $34.33 billion during the quarter, compared to analyst estimates of $34.15 billion. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. Walgreens Boots Alliance’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. equities research analysts forecast that Walgreens Boots Alliance Inc will post 5.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Monday, August 20th will be given a $0.44 dividend. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, August 17th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 31.37%.

In related news, COO Ornella Barra acquired 1,700,000 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The stock was purchased at an average cost of $65.15 per share, with a total value of $110,755,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stefano Pessina acquired 1,697,438 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The stock was bought at an average cost of $63.92 per share, with a total value of $108,500,236.96. The disclosure for this purchase can be found here. Company insiders own 14.80% of the company’s stock.

Walgreens Boots Alliance Profile

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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods 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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