RNC Capital Management LLC Cuts Holdings in Walgreens Boots Alliance Inc (WBA)

RNC Capital Management LLC decreased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 36.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,102 shares of the pharmacy operator’s stock after selling 30,768 shares during the period. RNC Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $3,929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc grew its position in shares of Walgreens Boots Alliance by 5.0% in the 2nd quarter. NEXT Financial Group Inc now owns 16,265 shares of the pharmacy operator’s stock worth $1,274,000 after buying an additional 775 shares during the last quarter. Trust Co. of Vermont grew its position in shares of Walgreens Boots Alliance by 23.6% in the 2nd quarter. Trust Co. of Vermont now owns 13,102 shares of the pharmacy operator’s stock worth $1,026,000 after buying an additional 2,500 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Walgreens Boots Alliance by 52.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,790 shares of the pharmacy operator’s stock worth $375,000 after buying an additional 1,650 shares during the last quarter. National Pension Service grew its position in shares of Walgreens Boots Alliance by 10.9% in the 2nd quarter. National Pension Service now owns 698,088 shares of the pharmacy operator’s stock worth $54,709,000 after buying an additional 68,376 shares during the last quarter. Finally, Iowa State Bank grew its position in shares of Walgreens Boots Alliance by 100.1% in the 2nd quarter. Iowa State Bank now owns 8,397 shares of the pharmacy operator’s stock worth $658,000 after buying an additional 4,200 shares during the last quarter. 61.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walgreens Boots Alliance Inc (WBA) opened at $76.47 on Friday. The company has a market cap of $76,200.00, a P/E ratio of 21.12, a P/E/G ratio of 1.28 and a beta of 1.22. 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 12 month low of $63.82 and a 12 month high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. Walgreens Boots Alliance’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. analysts anticipate that Walgreens Boots Alliance Inc will post 5.71 earnings per share for the current fiscal year.

Walgreens Boots Alliance announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Thursday, February 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 44.20%.

In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of the firm’s stock in a transaction on Monday, January 15th. The stock was 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 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 shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the sale, the director now owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The disclosure for this sale can be found here. 14.80% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on WBA shares. Jefferies Group reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Monday, October 2nd. Loop Capital set a $90.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Walgreens Boots Alliance in a research report on Wednesday, October 25th. Mizuho set a $94.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, October 12th. Nine equities 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 an average rating of “Buy” and an average price target of $86.35.

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

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