26,135 Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Acquired by Foothills Asset Management Ltd.
Foothills Asset Management Ltd. acquired a new stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, Holdings Channel reports. The institutional investor acquired 26,135 shares of the pharmacy operator’s stock, valued at approximately $2,047,000.
A number of other institutional investors have also made changes to their positions in WBA. RB Capital Management LLC acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $261,000. Russell Investments Group Ltd. increased its position in shares of Walgreens Boots Alliance by 72.9% in the first quarter. Russell Investments Group Ltd. now owns 482,962 shares of the pharmacy operator’s stock valued at $40,115,000 after buying an additional 203,635 shares during the period. PagnatoKarp Partners LLC acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $236,000. Barings LLC increased its position in shares of Walgreens Boots Alliance by 219.1% in the fourth quarter. Barings LLC now owns 28,602 shares of the pharmacy operator’s stock valued at $2,367,000 after buying an additional 19,639 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Walgreens Boots Alliance by 9.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 75,821 shares of the pharmacy operator’s stock valued at $6,296,000 after buying an additional 6,462 shares during the period. 61.21% of the stock is currently owned by institutional investors.
Shares of Walgreens Boots Alliance, Inc. (WBA) opened at 79.80 on Friday. Walgreens Boots Alliance, Inc. has a 52 week low of $75.18 and a 52 week high of $88.00. The company’s 50 day moving average price is $79.35 and its 200-day moving average price is $82.62. The stock has a market capitalization of $85.39 billion, a PE ratio of 20.15 and a beta of 1.26.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The firm had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same period in the previous year, the firm posted $1.18 EPS. Walgreens Boots Alliance’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that Walgreens Boots Alliance, Inc. will post $5.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, August 16th. Walgreens Boots Alliance’s payout ratio is 37.78%.
Walgreens Boots Alliance announced that its Board of Directors has initiated a share buyback program on Wednesday, April 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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WBA has been the topic of several research analyst reports. Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Leerink Swann set a $90.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Tuesday, April 11th. Jefferies Group LLC cut their price objective on Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 31st. Needham & Company LLC initiated coverage on Walgreens Boots Alliance in a research report on Tuesday, June 27th. They issued a “hold” rating on the stock. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $96.00 price objective on shares of Walgreens Boots Alliance in a research report on Monday, March 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Buy” and an average target price of $90.69.
In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $85.89, for a total transaction of $234,995.04. Following the completion of the sale, the director now directly owns 21,887 shares of the company’s stock, valued at approximately $1,879,874.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.50% of the stock is 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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