Walgreens Boots Alliance, Inc. (WBA) Shares Bought by Suntrust Banks Inc.
Suntrust Banks Inc. boosted its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,658 shares of the pharmacy operator’s stock after purchasing an additional 580 shares during the period. Suntrust Banks Inc.’s holdings in Walgreens Boots Alliance were worth $7,019,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Horizon Investments LLC purchased a new position in Walgreens Boots Alliance in the second quarter valued at approximately $668,000. Connors Investor Services Inc. raised its holdings in Walgreens Boots Alliance by 4.7% during the 2nd quarter. Connors Investor Services Inc. now owns 104,053 shares of the pharmacy operator’s stock valued at $8,148,000 after acquiring an additional 4,655 shares during the period. Quantbot Technologies LP raised its holdings in Walgreens Boots Alliance by 437.4% during the 2nd quarter. Quantbot Technologies LP now owns 36,298 shares of the pharmacy operator’s stock valued at $2,842,000 after acquiring an additional 29,544 shares during the period. California Public Employees Retirement System raised its holdings in Walgreens Boots Alliance by 2.7% during the 2nd quarter. California Public Employees Retirement System now owns 2,093,844 shares of the pharmacy operator’s stock valued at $163,969,000 after acquiring an additional 55,600 shares during the period. Finally, TIAA FSB bought a new stake in Walgreens Boots Alliance during the 2nd quarter valued at $3,458,000. Institutional investors and hedge funds own 63.58% of the company’s stock.
Walgreens Boots Alliance, Inc. (WBA) opened at $71.25 on Friday. The company has a market capitalization of $71,930.37, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.59. Walgreens Boots Alliance, Inc. has a 12 month low of $63.82 and a 12 month high of $88.00.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.10. The business had revenue of $30.15 billion for the quarter, compared to analysts’ expectations of $29.93 billion. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. equities analysts forecast that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current year.
Walgreens Boots Alliance announced that its board has initiated a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to repurchase shares of its stock through open market purchases. Stock buyback plans 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, December 12th. Investors of record on Monday, November 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. Walgreens Boots Alliance’s dividend payout ratio is presently 42.33%.
In other Walgreens Boots Alliance news, Director John Anthony Lederer purchased 20,000 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was acquired at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $3,350,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the sale, the director now owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The disclosure for this sale can be found here. 13.50% of the stock is owned by corporate insiders.
WBA has been the topic of a number of analyst reports. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Walgreens Boots Alliance in a report on Wednesday, September 27th. BidaskClub raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Leerink Swann cut shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Loop Capital set a $90.00 target price on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, SunTrust Banks, Inc. set a $72.00 target price on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $87.63.
Walgreens Boots Alliance 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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