Walgreens Boots Alliance, Inc. (WBA) Shares Sold by Parthenon LLC
Parthenon LLC lowered its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 94,769 shares of the pharmacy operator’s stock after selling 550 shares during the period. Walgreens Boots Alliance makes up about 1.8% of Parthenon LLC’s holdings, making the stock its 16th largest position. Parthenon LLC’s holdings in Walgreens Boots Alliance were worth $7,421,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of WBA. Hudock Capital Group LLC raised its stake in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after buying an additional 5 shares during the period. Tarbox Group Inc. raised its stake in shares of Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock worth $113,000 after buying an additional 1,006 shares during the period. Reilly Financial Advisors LLC raised its stake in shares of Walgreens Boots Alliance by 7.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock worth $107,000 after buying an additional 100 shares during the period. Howe & Rusling Inc. raised its stake in shares of Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock worth $120,000 after buying an additional 975 shares during the period. Finally, Webster Bank N. A. raised its stake in shares of Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock worth $125,000 after buying an additional 235 shares during the period. 61.17% of the stock is owned by institutional investors and hedge funds.
Walgreens Boots Alliance, Inc. (NASDAQ WBA) traded up 1.22% during mid-day trading on Friday, reaching $80.72. The company’s stock had a trading volume of 3,992,347 shares. The firm has a market cap of $86.38 billion, a PE ratio of 20.38 and a beta of 1.25. The stock’s 50 day moving average is $79.08 and its 200 day moving average is $82.30. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 EPS for the quarter, topping the Zacks’ 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 business had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.01 EPS for the current year.
Walgreens Boots Alliance declared that its board has initiated a share buyback program on Thursday, June 29th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to buy up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s payout ratio is 37.78%.
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Several research firms have recently commented on WBA. Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reduced their price target on Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 31st. Needham & Company LLC set a $94.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Guggenheim reissued a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. Walgreens Boots Alliance presently has an average rating of “Buy” and a consensus price target of $90.69.
In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the transaction, the director now owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.50% of the stock is currently owned by insiders.
About Walgreens Boots Alliance
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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