Ropes Wealth Advisors LLC Boosts Position in Walgreens Boots Alliance Inc (WBA)

Ropes Wealth Advisors LLC increased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 3.7% in the first quarter, HoldingsChannel reports. The firm owned 16,706 shares of the pharmacy operator’s stock after purchasing an additional 594 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Walgreens Boots Alliance were worth $1,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Walgreens Boots Alliance by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after acquiring an additional 448,045 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Walgreens Boots Alliance by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after acquiring an additional 448,045 shares in the last quarter. BlackRock Inc. grew its stake in shares of Walgreens Boots Alliance by 1.7% during the 4th quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock worth $3,668,086,000 after acquiring an additional 895,469 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Walgreens Boots Alliance by 12,422.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock worth $509,000 after acquiring an additional 34,529,539 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Walgreens Boots Alliance by 5.8% during the 4th quarter. Northern Trust Corp now owns 11,641,152 shares of the pharmacy operator’s stock worth $795,439,000 after acquiring an additional 641,721 shares in the last quarter. 63.07% of the stock is owned by institutional investors and hedge funds.

WBA has been the subject of several research reports. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Bank of America reaffirmed an “underperform” rating and set a $62.00 price target (down from $69.00) on shares of Walgreens Boots Alliance in a research note on Friday, March 8th. Loop Capital decreased their price target on shares of Walgreens Boots Alliance to $77.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. They noted that the move was a valuation call. Finally, UBS Group initiated coverage on shares of Walgreens Boots Alliance in a research note on Thursday, January 17th. They set a “sell” rating and a $70.00 price target for the company. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus target price of $68.50.

Shares of NASDAQ WBA traded up $0.54 during trading hours on Monday, hitting $53.99. The company had a trading volume of 252,721 shares, compared to its average volume of 8,821,045. The company has a market cap of $48.86 billion, a PE ratio of 8.98, a PEG ratio of 1.09 and a beta of 0.86. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 0.50. Walgreens Boots Alliance Inc has a 1-year low of $53.32 and a 1-year high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.06). The company had revenue of $34.53 billion during the quarter, compared to analyst estimates of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 EPS. As a group, sell-side analysts predict that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.

In related news, COO Ornella Barra acquired 18,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was bought at an average price of $54.56 per share, with a total value of $982,080.00. Following the acquisition, the chief operating officer now owns 26,425 shares in the company, valued at approximately $1,441,748. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.73% of the company’s stock.

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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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