LS Investment Advisors LLC Buys 6,930 Shares of Walgreens Boots Alliance Inc (WBA)

LS Investment Advisors LLC boosted its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 74,983 shares of the pharmacy operator’s stock after acquiring an additional 6,930 shares during the period. LS Investment Advisors LLC’s holdings in Walgreens Boots Alliance were worth $5,445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Walgreens Boots Alliance by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock worth $5,480,577,000 after acquiring an additional 1,926,108 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Walgreens Boots Alliance by 24.7% during the 2nd quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after acquiring an additional 3,662,302 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Walgreens Boots Alliance by 1.0% during the 3rd quarter. Nordea Investment Management AB now owns 10,182,388 shares of the pharmacy operator’s stock worth $786,284,000 after acquiring an additional 96,552 shares in the last quarter. CI Global Investments Inc. boosted its position in shares of Walgreens Boots Alliance by 32.0% during the 4th quarter. CI Global Investments Inc. now owns 7,373,589 shares of the pharmacy operator’s stock worth $535,470,000 after acquiring an additional 1,785,449 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Walgreens Boots Alliance by 12.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,641,826 shares of the pharmacy operator’s stock worth $512,893,000 after acquiring an additional 735,917 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.

Shares of Walgreens Boots Alliance Inc (WBA) opened at $68.49 on Thursday. The stock has a market capitalization of $67,850.00, a PE ratio of 18.92, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. Walgreens Boots Alliance Inc has a 1 year low of $63.82 and a 1 year high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. research analysts anticipate that Walgreens Boots Alliance Inc will post 5.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Thursday, February 15th will be given a $0.40 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 44.20%.

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

Several research analysts have recently issued reports on the company. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Wednesday. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $88.00 price objective (up from $86.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, January 10th. Finally, ValuEngine cut Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $85.05.

In related news, insider Stefano Pessina acquired 98,858 shares of Walgreens Boots Alliance stock in a transaction on Monday, January 15th. The stock was purchased at an average cost of $76.07 per share, with a total value of $7,520,128.06. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.80% of the stock is owned by corporate insiders.

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Walgreens Boots Alliance 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).

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

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