IPG Investment Advisors LLC raised its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 60.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,686 shares of the pharmacy operator’s stock after buying an additional 31,100 shares during the quarter. Walgreens Boots Alliance comprises 2.2% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 14th largest position. IPG Investment Advisors LLC owned approximately 8,190.38% of Walgreens Boots Alliance worth $6,385,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Commonwealth Bank of Australia lifted its stake in shares of Walgreens Boots Alliance by 139.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 46,167 shares of the pharmacy operator’s stock valued at $3,614,000 after purchasing an additional 26,893 shares during the period. Andra AP fonden lifted its stake in shares of Walgreens Boots Alliance by 6.9% in the 3rd quarter. Andra AP fonden now owns 62,300 shares of the pharmacy operator’s stock valued at $4,811,000 after purchasing an additional 4,000 shares during the period. IBM Retirement Fund lifted its stake in shares of Walgreens Boots Alliance by 88.1% in the 2nd quarter. IBM Retirement Fund now owns 22,903 shares of the pharmacy operator’s stock valued at $2,004,000 after purchasing an additional 10,729 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Walgreens Boots Alliance by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,019,739 shares of the pharmacy operator’s stock valued at $236,476,000 after purchasing an additional 154,995 shares during the period. Finally, Birinyi Associates Inc. raised its stake in Walgreens Boots Alliance by 9.0% during the second quarter. Birinyi Associates Inc. now owns 9,100 shares of the pharmacy operator’s stock valued at $713,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.
In other news, Director John Anthony Lederer acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the sale, the director now directly owns 16,415 shares of the company’s stock, valued at approximately $1,105,878.55. The disclosure for this sale can be found here. Insiders own 14.80% of the company’s stock.
Walgreens Boots Alliance Inc (NASDAQ:WBA) traded up $0.69 during mid-day trading on Friday, hitting $76.07. The stock had a trading volume of 6,458,366 shares, compared to its average volume of 6,450,000. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Walgreens Boots Alliance Inc has a 52-week low of $63.82 and a 52-week high of $88.00. The stock has a market capitalization of $75,340.00, a PE ratio of 21.01, a P/E/G ratio of 1.28 and a beta of 1.22.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The company had revenue of $30.74 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. Walgreens Boots Alliance’s revenue was up 7.9% compared to the same quarter last year. analysts expect that Walgreens Boots Alliance Inc will post 5.67 EPS for the current year.
Walgreens Boots Alliance announced that its board has initiated a stock buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the pharmacy operator to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
A number of research analysts have issued reports on WBA shares. Deutsche Bank started coverage on Walgreens Boots Alliance in a research note on Monday, December 4th. They set a “hold” rating and a $78.00 price objective for the company. Raymond James Financial reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Wednesday, September 27th. Leerink Swann cut Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, SunTrust Banks set a $72.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, October 15th. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $86.20.
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Walgreens Boots Alliance 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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