Walgreens Boots Alliance Inc (WBA) Holdings Trimmed by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC trimmed its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,430 shares of the pharmacy operator’s stock after selling 1,600 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Walgreens Boots Alliance were worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc raised its holdings in shares of Walgreens Boots Alliance by 0.6% in the third quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after buying an additional 448,045 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Walgreens Boots Alliance by 1.7% in the fourth quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock worth $3,668,086,000 after buying an additional 895,469 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Walgreens Boots Alliance by 12,422.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock worth $509,000 after buying an additional 34,529,539 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Walgreens Boots Alliance by 5.8% in the fourth quarter. Northern Trust Corp now owns 11,641,152 shares of the pharmacy operator’s stock worth $795,439,000 after buying an additional 641,721 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Walgreens Boots Alliance by 3.4% in the fourth quarter. LSV Asset Management now owns 11,564,931 shares of the pharmacy operator’s stock worth $790,231,000 after buying an additional 381,017 shares during the last quarter. Institutional investors own 64.77% of the company’s stock.

In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the transaction, the chief accounting officer now owns 435,811 shares of the company’s stock, valued at $23,119,773.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Ornella Barra acquired 18,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average cost of $54.56 per share, with a total value of $982,080.00. Following the acquisition, the chief operating officer now directly owns 26,425 shares of the company’s stock, valued at approximately $1,441,748. The disclosure for this purchase can be found here. 15.73% of the stock is currently owned by insiders.

Shares of Walgreens Boots Alliance stock opened at $52.50 on Friday. 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 Inc has a 1 year low of $51.79 and a 1 year high of $86.31. The firm has a market cap of $47.65 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.06 and a beta of 0.77.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 annualized dividend and a dividend yield of 3.35%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.

A number of research analysts have issued reports on the stock. Pivotal Research decreased their price target on shares of Walgreens Boots Alliance from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, April 3rd. UBS Group decreased their price target on shares of Walgreens Boots Alliance from $60.00 to $49.00 and set a “sell” rating for the company in a report on Wednesday, April 3rd. Cowen reaffirmed a “hold” rating and issued a $66.00 price target on shares of Walgreens Boots Alliance in a report on Sunday, March 31st. ValuEngine cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 3rd. Finally, Guggenheim assumed coverage on shares of Walgreens Boots Alliance in a report on Thursday, April 18th. They set a “neutral” rating and a $59.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Walgreens Boots Alliance has a consensus rating of “Hold” and an average price target of $68.00.

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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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