Northpointe Capital LLC Grows Stock Position in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Northpointe Capital LLC boosted its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 53.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,013 shares of the pharmacy operator’s stock after acquiring an additional 28,012 shares during the quarter. Walgreens Boots Alliance comprises about 1.4% of Northpointe Capital LLC’s holdings, making the stock its 21st largest holding. Northpointe Capital LLC’s holdings in Walgreens Boots Alliance were worth $4,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Family Legacy Inc. boosted its holdings in shares of Walgreens Boots Alliance by 2.5% in the 1st quarter. Family Legacy Inc. now owns 8,020 shares of the pharmacy operator’s stock valued at $442,000 after purchasing an additional 195 shares in the last quarter. Hills Bank & Trust Co. increased its holdings in shares of Walgreens Boots Alliance by 5.5% in the first quarter. Hills Bank & Trust Co. now owns 3,815 shares of the pharmacy operator’s stock worth $242,000 after buying an additional 200 shares during the period. Plimoth Trust Co. LLC increased its holdings in shares of Walgreens Boots Alliance by 2.4% in the first quarter. Plimoth Trust Co. LLC now owns 8,379 shares of the pharmacy operator’s stock worth $530,000 after buying an additional 200 shares during the period. Cable Hill Partners LLC increased its holdings in shares of Walgreens Boots Alliance by 40.0% in the first quarter. Cable Hill Partners LLC now owns 700 shares of the pharmacy operator’s stock worth $44,000 after buying an additional 200 shares during the period. Finally, Exencial Wealth Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 1.0% in the first quarter. Exencial Wealth Advisors LLC now owns 20,134 shares of the pharmacy operator’s stock worth $1,274,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 62.12% of the company’s stock.

In related news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the stock in a transaction dated 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 directly owns 435,811 shares of the company’s stock, valued at $23,119,773.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 15.73% of the stock is owned by corporate insiders.

Several research analysts have recently commented on WBA shares. Guggenheim started coverage on Walgreens Boots Alliance in a report on Thursday, April 18th. They issued a “neutral” rating and a $59.00 price objective on the stock. Morgan Stanley set a $61.00 price objective on Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Tuesday, May 14th. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Bank of America lowered their price objective on shares of Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a research note on Monday, June 3rd. Finally, Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price objective for the company. in a research note on Monday, June 10th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Walgreens Boots Alliance currently has an average rating of “Hold” and an average target price of $63.82.

WBA stock opened at $51.45 on Wednesday. Walgreens Boots Alliance Inc has a 1 year low of $49.31 and a 1 year high of $86.31. The company has a market capitalization of $48.48 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.34 and a beta of 0.81. The business has a 50-day moving average of $54.36. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 0.49.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 22.08%. The company had revenue of $34.59 billion during the quarter, compared to the consensus estimate of $34.52 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. Walgreens Boots Alliance’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Tuesday, August 20th will be paid a $0.458 dividend. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. This represents a $1.83 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Monday, August 19th. Walgreens Boots Alliance’s dividend payout ratio is presently 29.24%.

Walgreens Boots Alliance Profile

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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