Voya Investment Management LLC Purchases 16,477 Shares of Walgreens Boots Alliance Inc (WBA)
Voya Investment Management LLC raised its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 3.7% during the second quarter, HoldingsChannel.com reports. The fund owned 460,264 shares of the pharmacy operator’s stock after acquiring an additional 16,477 shares during the period. Voya Investment Management LLC’s holdings in Walgreens Boots Alliance were worth $27,623,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the business. HRS Investment Holdings LLC increased its position in Walgreens Boots Alliance by 30.8% in the second quarter. HRS Investment Holdings LLC now owns 42,500 shares of the pharmacy operator’s stock worth $2,551,000 after buying an additional 10,000 shares in the last quarter. Kiwi Wealth Investments Limited Partnership increased its position in Walgreens Boots Alliance by 9.9% in the second quarter. Kiwi Wealth Investments Limited Partnership now owns 77,054 shares of the pharmacy operator’s stock worth $4,624,000 after buying an additional 6,972 shares in the last quarter. Private Vista LLC increased its position in Walgreens Boots Alliance by 196.7% in the second quarter. Private Vista LLC now owns 30,132 shares of the pharmacy operator’s stock worth $1,809,000 after buying an additional 19,977 shares in the last quarter. Hammer Asset Management LLC purchased a new stake in Walgreens Boots Alliance in the second quarter worth about $2,271,000. Finally, First Republic Investment Management Inc. increased its position in Walgreens Boots Alliance by 33.3% in the second quarter. First Republic Investment Management Inc. now owns 215,911 shares of the pharmacy operator’s stock worth $12,958,000 after buying an additional 53,921 shares in the last quarter. 61.98% of the stock is currently owned by institutional investors.
WBA has been the subject of several research analyst reports. ValuEngine cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Leerink Swann cut their target price on Walgreens Boots Alliance from $75.00 to $70.00 and set a “market perform” rating for the company in a research report on Wednesday, May 23rd. Mizuho set a $77.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Tuesday, May 29th. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 5th. Finally, Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, June 19th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Walgreens Boots Alliance currently has a consensus rating of “Hold” and a consensus price target of $76.61.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 28th. The pharmacy operator reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.06. The business had revenue of $34.33 billion during the quarter, compared to analysts’ expectations of $34.15 billion. Walgreens Boots Alliance had a return on equity of 21.22% and a net margin of 3.36%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. research analysts forecast that Walgreens Boots Alliance Inc will post 5.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Monday, August 20th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, August 17th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 34.51%.
In other news, COO Ornella Barra purchased 1,700,000 shares of the business’s stock in a transaction on Monday, July 16th. The stock was acquired at an average price of $65.15 per share, for a total transaction of $110,755,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total value of $180,548.64. Following the transaction, the director now owns 10,943 shares of the company’s stock, valued at approximately $722,128.57. The disclosure for this sale can be found here. Company insiders own 14.80% of the company’s stock.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.
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