Walgreens Boots Alliance Inc (WBA) Shares Sold by Park National Corp OH

Park National Corp OH decreased its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,040 shares of the pharmacy operator’s stock after selling 3,619 shares during the period. Park National Corp OH’s holdings in Walgreens Boots Alliance were worth $2,320,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its holdings in shares of Walgreens Boots Alliance by 139.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 46,167 shares of the pharmacy operator’s stock worth $3,614,000 after purchasing an additional 26,893 shares during the period. IBM Retirement Fund increased its holdings in shares of Walgreens Boots Alliance by 88.1% during the 2nd quarter. IBM Retirement Fund now owns 22,903 shares of the pharmacy operator’s stock worth $2,004,000 after purchasing an additional 10,729 shares during the period. Andra AP fonden increased its holdings in shares of Walgreens Boots Alliance by 35.3% during the 2nd quarter. Andra AP fonden now owns 58,300 shares of the pharmacy operator’s stock worth $4,565,000 after purchasing an additional 15,200 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Walgreens Boots Alliance by 5.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,019,739 shares of the pharmacy operator’s stock worth $236,476,000 after purchasing an additional 154,995 shares during the period. Finally, Birinyi Associates Inc. increased its holdings in shares of Walgreens Boots Alliance by 9.0% during the 2nd quarter. Birinyi Associates Inc. now owns 9,100 shares of the pharmacy operator’s stock worth $713,000 after purchasing an additional 750 shares during the period. 60.24% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of Walgreens Boots Alliance to $86.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Jefferies Group set a $93.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Sunday, October 29th. Vetr downgraded shares of Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $86.47.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now directly owns 16,415 shares in the company, valued at $1,105,878.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Anthony Lederer purchased 20,000 shares of Walgreens Boots Alliance stock in a transaction on Thursday, October 26th. The stock was purchased at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now owns 50,000 shares of the company’s stock, valued at $3,350,000. The disclosure for this purchase can be found here. 14.80% of the stock is owned by insiders.

Shares of Walgreens Boots Alliance Inc (WBA) opened at $71.05 on Thursday. The firm has a market cap of $69,503.16, a PE ratio of 13.76, a P/E/G ratio of 1.25 and a beta of 1.22. Walgreens Boots Alliance Inc has a 52 week low of $63.82 and a 52 week high of $88.00. 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 (NASDAQ:WBA) last posted its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share 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 net margin of 3.45% and a return on equity of 18.36%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. equities analysts expect that Walgreens Boots Alliance Inc will post 5.55 EPS for the current year.

The firm 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 is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. Walgreens Boots Alliance’s payout ratio is currently 42.33%.

Walgreens Boots Alliance declared that its board has approved a share buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the pharmacy operator to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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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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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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