Reynders McVeigh Capital Management LLC Sells 1,050 Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA)

Reynders McVeigh Capital Management LLC reduced its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,825 shares of the pharmacy operator’s stock after selling 1,050 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Securities Inc. grew its holdings in Walgreens Boots Alliance by 23.7% during the fourth quarter. Comerica Securities Inc. now owns 16,457 shares of the pharmacy operator’s stock worth $1,124,000 after purchasing an additional 3,154 shares during the period. Geode Capital Management LLC grew its holdings in Walgreens Boots Alliance by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 11,529,136 shares of the pharmacy operator’s stock worth $786,522,000 after purchasing an additional 834,241 shares during the period. CWM LLC grew its holdings in Walgreens Boots Alliance by 9.2% during the first quarter. CWM LLC now owns 6,705 shares of the pharmacy operator’s stock worth $424,000 after purchasing an additional 566 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Walgreens Boots Alliance during the first quarter worth about $8,765,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Walgreens Boots Alliance by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 33,929 shares of the pharmacy operator’s stock worth $2,147,000 after purchasing an additional 4,310 shares during the period. Institutional investors and hedge funds own 62.03% of the company’s stock.

Shares of NASDAQ:WBA traded down $1.63 during trading on Friday, reaching $49.32. 4,700,031 shares of the stock were exchanged, compared to its average volume of 4,649,112. Walgreens Boots Alliance Inc has a 12 month low of $49.12 and a 12 month high of $86.31. The firm has a market cap of $46.02 billion, a PE ratio of 8.19, a PEG ratio of 1.27 and a beta of 0.81. The stock has a 50-day moving average price of $53.61 and a 200-day moving average price of $57.04. 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 issued its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $34.59 billion during the quarter, compared to analysts’ expectations of $34.52 billion. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 earnings per share. On average, sell-side analysts expect that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal 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 a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Monday, August 19th. Walgreens Boots Alliance’s payout ratio is 30.40%.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price target for the company. in a report on Monday, June 10th. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. JPMorgan Chase & Co. reduced their price objective on Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, June 28th. Finally, Bank of America reduced their price objective on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a report on Monday, June 3rd. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $63.65.

In related news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total value of $10,869,505.04. Following the completion of the sale, the chief accounting officer now directly owns 357,851 shares in the company, valued at $18,064,318.48. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 15.73% of the company’s stock.

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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