Walgreens Boots Alliance Inc (WBA) Holdings Reduced by National Asset Management Inc.
National Asset Management Inc. decreased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.1% in the third quarter, Holdings Channel reports. The firm owned 8,159 shares of the pharmacy operator’s stock after selling 817 shares during the quarter. National Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $595,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Walgreens Boots Alliance by 100.9% in the 2nd quarter. Sei Investments Co. now owns 349,451 shares of the pharmacy operator’s stock worth $20,970,000 after acquiring an additional 175,551 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Walgreens Boots Alliance by 7.7% in the 2nd quarter. California Public Employees Retirement System now owns 2,303,917 shares of the pharmacy operator’s stock worth $138,270,000 after acquiring an additional 165,048 shares in the last quarter. Bridgewater Associates LP raised its position in shares of Walgreens Boots Alliance by 109.1% in the 2nd quarter. Bridgewater Associates LP now owns 657,649 shares of the pharmacy operator’s stock worth $39,469,000 after acquiring an additional 343,062 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Walgreens Boots Alliance in the 3rd quarter worth approximately $1,295,000. Finally, Schaller Investment Group Inc. bought a new position in shares of Walgreens Boots Alliance in the 2nd quarter worth approximately $9,152,000. 64.29% of the stock is owned by institutional investors and hedge funds.
Walgreens Boots Alliance stock opened at $82.52 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $78.33 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.31 and a beta of 0.74. Walgreens Boots Alliance Inc has a twelve month low of $59.07 and a twelve month high of $83.18.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, November 8th. This represents a $1.76 annualized dividend and a yield of 2.13%. Walgreens Boots Alliance’s dividend payout ratio is 29.24%.
In other Walgreens Boots Alliance news, SVP Kimberly R. Scardino sold 11,970 shares of the stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $79.79, for a total transaction of $955,086.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $78.77, for a total value of $4,096,040.00. Following the sale, the executive vice president now owns 81,076 shares in the company, valued at $6,386,356.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,706 shares of company stock worth $5,268,584. Company insiders own 14.80% of the company’s stock.
Several brokerages have recently issued reports on WBA. Pivotal Research increased their target price on Walgreens Boots Alliance from $60.00 to $72.00 and gave the stock a “hold” rating in a research report on Monday, October 15th. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Saturday, October 13th. Barclays upped their price target on Walgreens Boots Alliance from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, October 12th. Robert W. Baird upped their price target on Walgreens Boots Alliance from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 12th. Finally, Citigroup upped their price target on Walgreens Boots Alliance from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $78.22.
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Walgreens Boots Alliance 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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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