Walgreens Boots Alliance Inc (WBA) Shares Bought by RNC Capital Management LLC

RNC Capital Management LLC raised its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,220 shares of the pharmacy operator’s stock after purchasing an additional 2,078 shares during the quarter. RNC Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $6,674,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pathstone Family Office LLC grew its stake in Walgreens Boots Alliance by 226.6% during the 2nd quarter. Pathstone Family Office LLC now owns 1,179 shares of the pharmacy operator’s stock valued at $1,969,000 after purchasing an additional 818 shares during the last quarter. Hudock Capital Group LLC grew its stake in Walgreens Boots Alliance by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the last quarter. Westside Investment Management Inc. grew its stake in Walgreens Boots Alliance by 10.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 125 shares during the last quarter. Hanson McClain Inc. boosted its stake in shares of Walgreens Boots Alliance by 4.6% in the second quarter. Hanson McClain Inc. now owns 1,987 shares of the pharmacy operator’s stock worth $156,000 after buying an additional 87 shares during the last quarter. Finally, Vantage Investment Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 29.6% in the second quarter. Vantage Investment Advisors LLC now owns 2,187 shares of the pharmacy operator’s stock worth $171,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

In other news, Director John Anthony Lederer bought 20,000 shares of Walgreens Boots Alliance stock in a transaction on Thursday, October 26th. The stock was acquired at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $3,350,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now directly owns 16,415 shares of the company’s stock, valued at approximately $1,105,878.55. The disclosure for this sale can be found here. 14.80% of the stock is owned by corporate insiders.

Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $71.57 on Tuesday. Walgreens Boots Alliance Inc has a fifty-two week low of $63.82 and a fifty-two week high of $88.00. The company has a market capitalization of $70,880.00, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.10. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. The business had revenue of $30.15 billion during the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. equities research analysts expect that Walgreens Boots Alliance Inc will post 5.55 EPS for the current fiscal year.

Walgreens Boots Alliance announced that its board has approved a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the pharmacy operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. Walgreens Boots Alliance’s payout ratio is currently 42.33%.

A number of analysts have recently commented on the company. Deutsche Bank assumed coverage on Walgreens Boots Alliance in a research note on Monday. They issued a “hold” rating and a $78.00 target price on the stock. Loop Capital set a $90.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Thursday, October 26th. Royal Bank Of Canada assumed coverage on Walgreens Boots Alliance in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $96.00 target price on the stock. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Robert W. Baird restated an “outperform” rating and issued a $80.00 target price (down previously from $90.00) on shares of Walgreens Boots Alliance in a research note on Thursday, October 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $86.47.

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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).

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

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