O Shaughnessy Asset Management LLC Has $23.84 Million Position in Walgreens Boots Alliance Inc (WBA)

O Shaughnessy Asset Management LLC boosted its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 54.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,178 shares of the pharmacy operator’s stock after purchasing an additional 115,452 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $23,839,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Summit Asset Management LLC boosted its holdings in Walgreens Boots Alliance by 9.0% in the third quarter. Summit Asset Management LLC now owns 8,976 shares of the pharmacy operator’s stock valued at $654,000 after acquiring an additional 741 shares during the last quarter. Meyer Handelman Co. boosted its holdings in Walgreens Boots Alliance by 17.9% in the third quarter. Meyer Handelman Co. now owns 124,300 shares of the pharmacy operator’s stock valued at $9,061,000 after acquiring an additional 18,850 shares during the last quarter. Fulcrum Capital LLC bought a new stake in Walgreens Boots Alliance in the third quarter valued at approximately $328,000. Penserra Capital Management LLC boosted its holdings in Walgreens Boots Alliance by 16.5% in the third quarter. Penserra Capital Management LLC now owns 5,980 shares of the pharmacy operator’s stock valued at $435,000 after acquiring an additional 845 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Walgreens Boots Alliance by 39.2% in the third quarter. Chicago Partners Investment Group LLC now owns 11,665 shares of the pharmacy operator’s stock valued at $896,000 after acquiring an additional 3,286 shares during the last quarter. 64.57% of the stock is owned by institutional investors and hedge funds.

Shares of WBA opened at $82.39 on Friday. Walgreens Boots Alliance Inc has a 52-week low of $59.07 and a 52-week high of $83.00. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $77.75 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.30 and a beta of 0.74.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a return on equity of 21.75% and a net margin of 3.82%. The firm had revenue of $33.44 billion for the quarter, compared to analyst estimates of $33.64 billion. Equities analysts predict that Walgreens Boots Alliance Inc will post 6.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, November 8th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.

In other news, EVP Kathleen Wilson-Thompson sold 52,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the transaction, the executive vice president now directly owns 81,076 shares of the company’s stock, valued at $6,386,356.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $79.48, for a total value of $217,457.28. Following the transaction, the director now directly owns 8,207 shares in the company, valued at $652,292.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,706 shares of company stock worth $5,268,584. Insiders own 14.80% of the company’s stock.

Several brokerages recently commented on WBA. Pivotal Research upped their target price on Walgreens Boots Alliance from $60.00 to $72.00 and gave the company a “hold” rating in a report on Monday, October 15th. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Saturday, October 13th. Barclays upped their target price on Walgreens Boots Alliance from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, October 12th. Robert W. Baird upped their target price on Walgreens Boots Alliance from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 12th. Finally, Citigroup upped their target price on Walgreens Boots Alliance from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.22.

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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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