Hexavest Inc. raised its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,062,434 shares of the pharmacy operator’s stock after buying an additional 54,128 shares during the period. Walgreens Boots Alliance accounts for 1.0% of Hexavest Inc.’s holdings, making the stock its 19th largest position. Hexavest Inc. owned about 0.10% of Walgreens Boots Alliance worth $88,235,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Walgreens Boots Alliance by 35.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,319,406 shares of the pharmacy operator’s stock worth $3,169,931,000 after buying an additional 10,206,621 shares during the last quarter. Norges Bank purchased a new position in Walgreens Boots Alliance during the fourth quarter valued at $649,813,000. Nordea Investment Management AB raised its position in Walgreens Boots Alliance by 4,480.8% in the third quarter. Nordea Investment Management AB now owns 7,453,892 shares of the pharmacy operator’s stock valued at $600,933,000 after buying an additional 7,291,172 shares in the last quarter. Viking Global Investors LP raised its position in Walgreens Boots Alliance by 562.8% in the fourth quarter. Viking Global Investors LP now owns 7,899,951 shares of the pharmacy operator’s stock valued at $653,800,000 after buying an additional 6,708,040 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Walgreens Boots Alliance by 138.3% in the third quarter. Lazard Asset Management LLC now owns 7,680,077 shares of the pharmacy operator’s stock valued at $619,166,000 after buying an additional 4,457,421 shares in the last quarter. 59.98% of the stock is owned by institutional investors.
Walgreens Boots Alliance Inc (NASDAQ:WBA) traded down 0.34% on Friday, reaching $81.17. The company had a trading volume of 1,962,016 shares. The stock has a market capitalization of $87.74 billion, a price-to-earnings ratio of 20.87 and a beta of 1.20. The firm has a 50 day moving average price of $84.12 and a 200-day moving average price of $83.96. Walgreens Boots Alliance Inc has a 12 month low of $76.26 and a 12 month high of $89.69. Walgreens Boots Alliance also was the recipient of unusually large options trading on Wednesday. Investors acquired 22,457 call options on the company. This is an increase of approximately 753% compared to the typical daily volume of 2,633 call options.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Wednesday, April 5th. The pharmacy operator reported $1.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.36. Walgreens Boots Alliance had a return on equity of 16.76% and a net margin of 3.52%. The company had revenue of $29.45 billion during the quarter, compared to analysts’ expectations of $30.17 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. Analysts forecast that Walgreens Boots Alliance Inc will post $4.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Thursday, May 18th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, May 16th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 39.68%.
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WBA has been the topic of several recent research reports. Wells Fargo & Co reissued an “outperform” rating on shares of Walgreens Boots Alliance in a research report on Tuesday, January 31st. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $92.00 price target on shares of Walgreens Boots Alliance in a report on Tuesday, January 31st. Evercore ISI restated a “buy” rating and set a $93.00 price objective on shares of Walgreens Boots Alliance in a research note on Tuesday, January 31st. Finally, Jefferies Group LLC restated a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Monday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Walgreens Boots Alliance currently has an average rating of “Buy” and a consensus price target of $91.77.
In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $85.89, for a total transaction of $234,995.04. Following the completion of the transaction, the director now directly owns 21,887 shares in the company, valued at $1,879,874.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.50% of the company’s stock.
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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