Great Lakes Advisors LLC Decreases Stake in Walgreens Boots Alliance Inc (WBA)
Great Lakes Advisors LLC lessened its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 56.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,242 shares of the pharmacy operator’s stock after selling 11,901 shares during the quarter. Great Lakes Advisors LLC’s holdings in Walgreens Boots Alliance were worth $584,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. increased its stake in Walgreens Boots Alliance by 12.1% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,920 shares of the pharmacy operator’s stock worth $131,000 after acquiring an additional 208 shares during the last quarter. Pathlight Investors LLC acquired a new stake in Walgreens Boots Alliance during the fourth quarter worth $524,000. Roman Butler Fullerton & Co. increased its stake in Walgreens Boots Alliance by 28.8% during the first quarter. Roman Butler Fullerton & Co. now owns 22,127 shares of the pharmacy operator’s stock worth $1,400,000 after acquiring an additional 4,942 shares during the last quarter. James Investment Research Inc. acquired a new stake in Walgreens Boots Alliance during the fourth quarter worth $963,000. Finally, Tiemann Investment Advisors LLC increased its stake in Walgreens Boots Alliance by 2.7% during the fourth quarter. Tiemann Investment Advisors LLC now owns 22,190 shares of the pharmacy operator’s stock worth $1,516,000 after acquiring an additional 586 shares during the last quarter. Institutional investors and hedge funds own 63.84% of the company’s stock.
Several research firms have issued reports on WBA. Zacks Investment Research raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. TheStreet cut Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research note on Friday, March 29th. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 13th. Pivotal Research cut their target price on Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, April 3rd. Finally, Mizuho set a $67.00 target price on Walgreens Boots Alliance and gave the stock a “hold” rating in a research note on Thursday, March 28th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.89.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.06). The company had revenue of $34.53 billion during the quarter, compared to analysts’ expectations of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.73 earnings per share. Equities research analysts predict that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.40%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
In related news, COO Ornella Barra bought 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average cost of $54.56 per share, for a total transaction of $982,080.00. Following the completion of the acquisition, the chief operating officer now owns 26,425 shares in the company, valued at approximately $1,441,748. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $53.05, for a total value of $1,061,000.00. Following the sale, the chief accounting officer now directly owns 435,811 shares of the company’s stock, valued at $23,119,773.55. The disclosure for this sale can be found here. Company insiders own 15.73% of the company’s stock.
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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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