People s United Financial Inc. Buys 1,506 Shares of Walgreens Boots Alliance, Inc. (WBA)

People s United Financial Inc. increased its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,118 shares of the pharmacy operator’s stock after acquiring an additional 1,506 shares during the period. People s United Financial Inc.’s holdings in Walgreens Boots Alliance were worth $3,690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Balyasny Asset Management LLC boosted its position in shares of Walgreens Boots Alliance by 305.9% during the second quarter. Balyasny Asset Management LLC now owns 941,411 shares of the pharmacy operator’s stock valued at $73,722,000 after buying an additional 709,475 shares during the period. QS Investors LLC boosted its position in shares of Walgreens Boots Alliance by 13.3% during the second quarter. QS Investors LLC now owns 173,384 shares of the pharmacy operator’s stock valued at $13,578,000 after buying an additional 20,302 shares during the period. HealthCor Management L.P. purchased a new position in shares of Walgreens Boots Alliance during the second quarter valued at approximately $33,231,000. Doliver Capital Advisors LP purchased a new position in shares of Walgreens Boots Alliance during the second quarter valued at approximately $244,000. Finally, Numeric Investors LLC boosted its position in shares of Walgreens Boots Alliance by 9,185.2% during the second quarter. Numeric Investors LLC now owns 501,400 shares of the pharmacy operator’s stock valued at $39,265,000 after buying an additional 496,000 shares during the period. Institutional investors own 63.35% of the company’s stock.

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Several brokerages have issued reports on WBA. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and set a $96.00 price target (down previously from $97.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, August 23rd. Loop Capital began coverage on shares of Walgreens Boots Alliance in a research note on Thursday, August 24th. They set a “buy” rating and a $95.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, September 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a research note on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $87.21.

In related news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the completion of the transaction, the director now owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Anthony Lederer acquired 20,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $3,350,000. The disclosure for this purchase can be found here. Insiders own 13.50% of the company’s stock.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at $71.33 on Friday. The company has a market cap of $72,011.13, a P/E ratio of 13.99, a P/E/G ratio of 1.27 and a beta of 1.20. Walgreens Boots Alliance, Inc. has a 12 month low of $63.82 and a 12 month high of $88.00. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.10. The company had revenue of $30.15 billion during the quarter, compared to the consensus estimate of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. Walgreens Boots Alliance’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. analysts forecast that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 42.33%.

Walgreens Boots Alliance declared that its Board of Directors has approved a share repurchase program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the pharmacy operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Walgreens Boots Alliance Company 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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