Walgreens Boots Alliance Inc (WBA) Stake Increased by National Pension Service

National Pension Service raised its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 842,773 shares of the pharmacy operator’s stock after purchasing an additional 56,944 shares during the period. National Pension Service owned about 0.09% of Walgreens Boots Alliance worth $60,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Massey Quick Simon & CO. LLC purchased a new position in Walgreens Boots Alliance during the fourth quarter worth approximately $27,000. Cornerstone Advisors Inc. raised its position in Walgreens Boots Alliance by 102.4% in the third quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock valued at $31,000 after purchasing an additional 214 shares during the period. Murphy Pohlad Asset Management LLC purchased a new stake in Walgreens Boots Alliance in the fourth quarter valued at $29,000. PRW Wealth Management LLC purchased a new stake in Walgreens Boots Alliance in the fourth quarter valued at $34,000. Finally, Brand Asset Management Group Inc. raised its position in Walgreens Boots Alliance by 40.7% in the fourth quarter. Brand Asset Management Group Inc. now owns 692 shares of the pharmacy operator’s stock valued at $47,000 after purchasing an additional 200 shares during the period. 63.07% of the stock is currently owned by institutional investors.

In related news, COO Ornella Barra bought 18,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were purchased at an average price of $54.56 per share, for a total transaction of $982,080.00. Following the acquisition, the chief operating officer now owns 26,425 shares in the company, valued at $1,441,748. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.73% of the stock is currently owned by corporate insiders.

A number of research firms have commented on WBA. Pivotal Research reduced their target price on Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, April 3rd. UBS Group reduced their target price on Walgreens Boots Alliance from $60.00 to $49.00 and set a “sell” rating on the stock in a research report on Wednesday, April 3rd. Cowen restated a “hold” rating and issued a $66.00 target price on shares of Walgreens Boots Alliance in a research report on Sunday, March 31st. ValuEngine cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 3rd. Finally, Mizuho set a $67.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Thursday, March 28th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Walgreens Boots Alliance currently has a consensus rating of “Hold” and a consensus target price of $68.50.

WBA traded up $0.79 on Monday, hitting $54.24. 5,367,306 shares of the company were exchanged, compared to its average volume of 6,727,794. Walgreens Boots Alliance Inc has a twelve month low of $53.32 and a twelve month high of $86.31. The stock has a market capitalization of $48.86 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 1.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.78 and a quick ratio of 0.38.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). The company had revenue of $34.53 billion for the quarter, compared to analyst estimates of $34.57 billion. Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 earnings per share. On average, research analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.

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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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