Walgreens Boots Alliance Inc (NASDAQ:WBA) Shares Sold by Family Legacy Inc.

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Family Legacy Inc. lowered its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,275 shares of the pharmacy operator’s stock after selling 745 shares during the period. Family Legacy Inc.’s holdings in Walgreens Boots Alliance were worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WBA. Palisade Asset Management LLC raised its position in shares of Walgreens Boots Alliance by 6.5% in the second quarter. Palisade Asset Management LLC now owns 184,190 shares of the pharmacy operator’s stock valued at $10,070,000 after buying an additional 11,230 shares during the last quarter. Manning & Napier Group LLC raised its position in shares of Walgreens Boots Alliance by 35.7% in the second quarter. Manning & Napier Group LLC now owns 296,883 shares of the pharmacy operator’s stock valued at $16,230,000 after buying an additional 78,025 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Walgreens Boots Alliance by 9.5% in the second quarter. ST Germain D J Co. Inc. now owns 4,171 shares of the pharmacy operator’s stock valued at $228,000 after buying an additional 362 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Walgreens Boots Alliance in the second quarter valued at approximately $83,000. Finally, Bartlett & Co. LLC raised its position in shares of Walgreens Boots Alliance by 5.0% in the second quarter. Bartlett & Co. LLC now owns 26,368 shares of the pharmacy operator’s stock valued at $1,442,000 after buying an additional 1,247 shares during the last quarter. Institutional investors own 62.12% of the company’s stock.

Walgreens Boots Alliance stock opened at $53.68 on Monday. Walgreens Boots Alliance Inc has a 1 year low of $49.31 and a 1 year high of $86.31. The firm has a 50 day moving average of $54.37. The stock has a market capitalization of $48.48 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 1.34 and a beta of 0.81. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 0.49.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 22.08%. The firm had revenue of $34.59 billion during the quarter, compared to the consensus estimate of $34.52 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. Walgreens Boots Alliance’s revenue was up .7% compared to the same quarter last year. As a group, analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.458 per share. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, August 19th. Walgreens Boots Alliance’s payout ratio is currently 29.24%.

In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 435,811 shares in the company, valued at $23,119,773.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 15.73% of the stock is owned by insiders.

WBA has been the subject of a number of analyst reports. Morgan Stanley set a $61.00 price objective on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Tuesday, May 14th. Guggenheim initiated coverage on shares of Walgreens Boots Alliance in a research report on Thursday, April 18th. They issued a “neutral” rating and a $59.00 price objective for the company. Bank of America cut their price objective on shares of Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a research report on Monday, June 3rd. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, June 28th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Walgreens Boots Alliance currently has an average rating of “Hold” and a consensus target price of $63.82.

About Walgreens Boots Alliance

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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