Walgreens Boots Alliance Inc (WBA) Position Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,600 shares of the pharmacy operator’s stock after selling 4,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Walgreens Boots Alliance were worth $3,820,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WBA. Gateway Investment Advisers LLC raised its holdings in Walgreens Boots Alliance by 3.6% during the second quarter. Gateway Investment Advisers LLC now owns 666,676 shares of the pharmacy operator’s stock worth $52,207,000 after purchasing an additional 23,457 shares in the last quarter. Pennsylvania Trust Co grew its position in Walgreens Boots Alliance by 86.0% in the second quarter. Pennsylvania Trust Co now owns 9,960 shares of the pharmacy operator’s stock worth $780,000 after buying an additional 4,605 shares during the last quarter. Bank of The West grew its position in Walgreens Boots Alliance by 279.3% in the second quarter. Bank of The West now owns 38,210 shares of the pharmacy operator’s stock worth $2,993,000 after buying an additional 28,137 shares during the last quarter. Arvest Bank Trust Division grew its position in Walgreens Boots Alliance by 1.3% in the second quarter. Arvest Bank Trust Division now owns 92,492 shares of the pharmacy operator’s stock worth $7,243,000 after buying an additional 1,149 shares during the last quarter. Finally, Acropolis Investment Management LLC grew its position in Walgreens Boots Alliance by 4.2% in the second quarter. Acropolis Investment Management LLC now owns 2,625 shares of the pharmacy operator’s stock worth $206,000 after buying an additional 105 shares during the last quarter. 61.20% of the stock is currently owned by hedge funds and other institutional investors.

Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $76.00 on Friday. 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 0.48, a quick ratio of 0.47 and a current ratio of 0.96. The firm has a market cap of $75,270.00, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The firm had revenue of $30.74 billion for the quarter, compared to analysts’ expectations of $30.39 billion. During the same period in the previous year, the company posted $1.10 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. equities analysts anticipate that Walgreens Boots Alliance Inc will post 5.7 earnings per share for the current year.

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

In related news, insider Stefano Pessina purchased 98,858 shares of the stock in a transaction dated Monday, January 15th. The shares were acquired at an average cost of $76.07 per share, for a total transaction of $7,520,128.06. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the transaction, the director now owns 16,415 shares in the company, valued at $1,105,878.55. The disclosure for this sale can be found here. Insiders own 14.80% of the company’s stock.

Several research analysts have issued reports on the stock. Needham & Company LLC decreased their price target on shares of Walgreens Boots Alliance to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. Jefferies Group set a $93.00 price target on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Sunday, October 29th. Pivotal Research set a $73.00 price target on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a research report on Friday, January 5th. Vetr upgraded shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 12th. Finally, BidaskClub upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Nine research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $86.20.

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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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