Walgreens Boots Alliance Inc (WBA) Position Increased by First Trust Advisors LP

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First Trust Advisors LP raised its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 76.5% during the 1st quarter, HoldingsChannel reports. The firm owned 1,460,684 shares of the pharmacy operator’s stock after acquiring an additional 632,919 shares during the quarter. First Trust Advisors LP’s holdings in Walgreens Boots Alliance were worth $92,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Horan Capital Advisors LLC. acquired a new stake in shares of Walgreens Boots Alliance in the first quarter valued at about $25,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $27,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $29,000. Trustcore Financial Services LLC acquired a new stake in shares of Walgreens Boots Alliance in the first quarter valued at about $31,000. Finally, PRW Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $34,000. 63.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Ornella Barra purchased 18,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of $54.56 per share, for a total transaction of $982,080.00. Following the completion of the transaction, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.05, for a total transaction of $1,061,000.00. Following the sale, the chief accounting officer now owns 435,811 shares of the company’s stock, valued at $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on WBA shares. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, February 26th. Robert W. Baird reduced their target price on shares of Walgreens Boots Alliance from $70.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, March 1st. ValuEngine cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, UBS Group reduced their target price on shares of Walgreens Boots Alliance from $70.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, March 4th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average target price of $67.89.

Walgreens Boots Alliance stock opened at $51.77 on Friday. Walgreens Boots Alliance Inc has a 12-month low of $51.16 and a 12-month high of $86.31. The stock has a market cap of $47.33 billion, a P/E ratio of 8.60, a PEG ratio of 1.07 and a beta of 0.77. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 0.50.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The firm had revenue of $34.53 billion for the quarter, compared to analyst estimates of $34.57 billion. During the same quarter in the previous year, the business posted $1.73 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.40%. The ex-dividend date is Friday, May 17th. Walgreens Boots Alliance’s payout ratio is currently 29.24%.

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

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