MU Investments Co. Ltd. raised its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 23,757.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 78,730 shares of the pharmacy operator’s stock after acquiring an additional 78,400 shares during the quarter. Walgreens Boots Alliance makes up about 3.9% of MU Investments Co. Ltd.’s holdings, making the stock its 8th largest holding. MU Investments Co. Ltd.’s holdings in Walgreens Boots Alliance were worth $5,743,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. NEXT Financial Group Inc raised its stake in shares of Walgreens Boots Alliance by 5.0% in the second quarter. NEXT Financial Group Inc now owns 16,265 shares of the pharmacy operator’s stock worth $1,274,000 after purchasing an additional 775 shares during the last quarter. Trust Co. of Vermont grew its holdings in Walgreens Boots Alliance by 23.6% during the second quarter. Trust Co. of Vermont now owns 13,102 shares of the pharmacy operator’s stock worth $1,026,000 after acquiring an additional 2,500 shares during the period. State of Alaska Department of Revenue grew its holdings in Walgreens Boots Alliance by 52.5% during the second quarter. State of Alaska Department of Revenue now owns 4,790 shares of the pharmacy operator’s stock worth $375,000 after acquiring an additional 1,650 shares during the period. National Pension Service grew its holdings in Walgreens Boots Alliance by 10.9% during the second quarter. National Pension Service now owns 698,088 shares of the pharmacy operator’s stock worth $54,709,000 after acquiring an additional 68,376 shares during the period. Finally, Iowa State Bank grew its holdings in Walgreens Boots Alliance by 100.1% during the second quarter. Iowa State Bank now owns 8,397 shares of the pharmacy operator’s stock worth $658,000 after acquiring an additional 4,200 shares during the period. Institutional investors own 61.20% of the company’s stock.
Shares of Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $76.47 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. Walgreens Boots Alliance Inc has a 1-year low of $63.82 and a 1-year high of $88.00. The company has a market capitalization of $76,200.00, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Wednesday, February 14th. Walgreens Boots Alliance’s payout ratio is currently 44.20%.
Walgreens Boots Alliance announced that its Board of Directors has initiated a share buyback program 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. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Several analysts recently commented on the company. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Sunday. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $88.00 target price (up from $86.00) on shares of Walgreens Boots Alliance in a report on Wednesday, January 10th. Pivotal Research set a $73.00 target price on Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Friday, January 5th. Finally, ValuEngine raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $86.35.
In other news, Director John Anthony Lederer purchased 20,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were purchased at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total value of $184,324.32. Following the completion of the sale, the director now directly owns 16,415 shares in the company, valued at $1,105,878.55. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by company insiders.
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Walgreens Boots Alliance Company Profile
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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