Walgreens Boots Alliance Inc (WBA) Stake Lessened by Private Asset Management Inc.

Private Asset Management Inc. decreased its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 92.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201 shares of the pharmacy operator’s stock after selling 2,399 shares during the quarter. Private Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudock Capital Group LLC lifted its holdings in Walgreens Boots Alliance by 0.5% during the second 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. Modera Wealth Management LLC lifted its holdings in Walgreens Boots Alliance by 0.4% during the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after purchasing an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after purchasing an additional 16 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock valued at $218,000 after purchasing an additional 17 shares during the last quarter. Finally, WealthTrust Arizona LLC lifted its holdings in Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock valued at $412,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 60.24% of the company’s stock.

In related news, Director William C. Foote sold 2,736 shares of the company’s 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 in the company, valued at $1,105,878.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Anthony Lederer acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The disclosure for this purchase can be found here. 14.80% of the stock is currently owned by corporate insiders.

Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $71.05 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.59. The firm has a market cap of $69,503.16, a P/E ratio of 13.76, a P/E/G ratio of 1.25 and a beta of 1.22. Walgreens Boots Alliance Inc has a 52-week low of $63.82 and a 52-week high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.10. The company had revenue of $30.15 billion for the quarter, compared to analysts’ expectations of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. Walgreens Boots Alliance’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. analysts anticipate that Walgreens Boots Alliance Inc will post 5.55 EPS for the current year.

Walgreens Boots Alliance declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the pharmacy operator to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 42.33%.

Several equities research analysts have commented on WBA shares. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $94.00 price target on shares of Walgreens Boots Alliance in a report on Saturday, September 16th. Loop Capital initiated coverage on shares of Walgreens Boots Alliance in a report on Thursday, August 24th. They issued a “buy” rating and a $95.00 price target on the stock. UBS reissued a “buy” rating and issued a $96.00 price target (down from $97.00) on shares of Walgreens Boots Alliance in a report on Wednesday, August 23rd. Finally, Mizuho set a $94.00 price target on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Buy” and a consensus target price of $86.47.

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

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