Northwest Wealth Management LLC Holds Position in Walgreens Boots Alliance, Inc. (WBA)
Northwest Wealth Management LLC held its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, Holdings Channel reports. The firm owned 3,659 shares of the pharmacy operator’s stock at the end of the second quarter. Northwest Wealth Management LLC’s holdings in Walgreens Boots Alliance were worth $287,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC boosted its stake in 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 in the last quarter. Tarbox Group Inc. boosted its stake in 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 in the last quarter. Reilly Financial Advisors LLC boosted its stake in 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 in the last quarter. Howe & Rusling Inc. boosted its stake in 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 in the last quarter. Finally, Webster Bank N. A. boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 61.16% of the company’s stock.
Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) traded down 1.06% on Friday, hitting $80.03. The company’s stock had a trading volume of 5,239,292 shares. The company has a market cap of $85.64 billion, a price-to-earnings ratio of 20.21 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 52 week low of $75.18 and a 52 week high of $89.69. The stock’s 50 day moving average is $79.60 and its 200-day moving average is $82.28.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 EPS for the quarter, beating the consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. The business had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $29.72 billion. During the same period in the previous year, the company posted $1.18 EPS. Walgreens Boots Alliance’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current year.
Walgreens Boots Alliance declared that its board has approved a stock repurchase plan on Thursday, June 29th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.40 per share. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, August 16th. Walgreens Boots Alliance’s payout ratio is currently 40.30%.
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A number of research firms recently weighed in on WBA. Credit Suisse Group restated a “buy” rating and issued a $97.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. Leerink Swann set a $86.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Friday, July 7th. BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Citigroup Inc. restated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Finally, Needham & Company LLC began coverage on Walgreens Boots Alliance in a report on Tuesday, June 27th. They issued a “hold” rating on the stock. Two equities research 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. The company presently has an average rating of “Buy” and an average price target of $90.69.
In other news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the transaction, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 13.50% of the company’s stock.
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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