Advisors Capital Management LLC Has $6,392,000 Stake in Walgreens Boots Alliance Inc. (WBA)
Advisors Capital Management LLC boosted its position in shares of Walgreens Boots Alliance Inc. (NASDAQ:WBA) by 57.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,282 shares of the pharmacy operator’s stock after buying an additional 28,841 shares during the period. Advisors Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $6,392,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jolley Asset Management LLC raised its position in Walgreens Boots Alliance by 104.5% in the second quarter. Jolley Asset Management LLC now owns 1,370 shares of the pharmacy operator’s stock worth $114,000 after buying an additional 700 shares during the last quarter. Westbourne Investment Advisors Inc. purchased a new position in Walgreens Boots Alliance during the second quarter worth about $121,000. Cribstone Capital Management LLC purchased a new position in Walgreens Boots Alliance during the second quarter worth about $149,000. MU Investments Co. Ltd. purchased a new position in Walgreens Boots Alliance during the second quarter worth about $150,000. Finally, Signaturefd LLC raised its position in Walgreens Boots Alliance by 2.7% in the second quarter. Signaturefd LLC now owns 1,802 shares of the pharmacy operator’s stock worth $150,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 58.93% of the company’s stock.
Shares of Walgreens Boots Alliance Inc. (NASDAQ:WBA) traded up 0.05% on Tuesday, reaching $85.39. 2,754,053 shares of the company were exchanged. The company’s 50-day moving average price is $81.44 and its 200 day moving average price is $81.10. The company has a market cap of $92.50 billion, a price-to-earnings ratio of 22.35 and a beta of 1.19. Walgreens Boots Alliance Inc. has a 12 month low of $71.50 and a 12 month high of $87.05.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, October 20th. The pharmacy operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The firm earned $28.60 billion during the quarter, compared to analysts’ expectations of $29.06 billion. Walgreens Boots Alliance had a net margin of 3.56% and a return on equity of 16.33%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, equities research analysts expect that Walgreens Boots Alliance Inc. will post $5.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Thursday, November 17th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.76%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 39.27%.
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A number of equities analysts have recently commented on WBA shares. Robert W. Baird reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Tuesday, October 4th. Wells Fargo & Co. started coverage on shares of Walgreens Boots Alliance in a report on Monday, October 31st. They set an “outperform” rating for the company. Leerink Swann reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, September 19th. Deutsche Bank AG reaffirmed a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a report on Wednesday, September 28th. Finally, Zacks Investment Research raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. Walgreens Boots Alliance has an average rating of “Buy” and a consensus target price of $90.30.
In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average price of $81.41 per share, for a total transaction of $162,820,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathleen Wilson-Thompson sold 23,996 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $85.00, for a total transaction of $2,039,660.00. The disclosure for this sale can be found here. 21.10% of the stock is currently owned by insiders.
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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