Louisiana State Employees Retirement System lowered its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,600 shares of the pharmacy operator’s stock after selling 4,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Walgreens Boots Alliance were worth $3,820,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC raised its position in shares of Walgreens Boots Alliance by 3.6% in the 2nd quarter. Gateway Investment Advisers LLC now owns 666,676 shares of the pharmacy operator’s stock worth $52,207,000 after buying an additional 23,457 shares during the period. Pennsylvania Trust Co grew its stake in shares of Walgreens Boots Alliance by 86.0% during the second quarter. Pennsylvania Trust Co now owns 9,960 shares of the pharmacy operator’s stock valued at $780,000 after acquiring an additional 4,605 shares in the last quarter. Bank of The West grew its stake in shares of Walgreens Boots Alliance by 279.3% during the second quarter. Bank of The West now owns 38,210 shares of the pharmacy operator’s stock valued at $2,993,000 after acquiring an additional 28,137 shares in the last quarter. Arvest Bank Trust Division grew its stake in shares of Walgreens Boots Alliance by 1.3% during the second quarter. Arvest Bank Trust Division now owns 92,492 shares of the pharmacy operator’s stock valued at $7,243,000 after acquiring an additional 1,149 shares in the last quarter. Finally, Acropolis Investment Management LLC grew its stake in Walgreens Boots Alliance by 4.2% in the second quarter. Acropolis Investment Management LLC now owns 2,625 shares of the pharmacy operator’s stock worth $206,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 61.20% of the company’s stock.
In other news, insider Stefano Pessina bought 98,858 shares of the company’s stock in a transaction that occurred on Monday, January 15th. The shares were purchased at an average price of $76.07 per share, with a total value of $7,520,128.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was 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 in the company, 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.
A number of equities analysts recently commented on WBA shares. Raymond James Financial reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Wednesday, September 27th. Jefferies Group reissued a “buy” rating and issued a $95.00 target price on shares of Walgreens Boots Alliance in a report on Monday, October 2nd. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Morgan Stanley cut shares of Walgreens Boots Alliance from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $95.00 to $85.00 in a report on Friday, October 6th. Nine analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Buy” and an average price target of $86.20.
Shares of Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $76.00 on Friday. The firm has a market capitalization of $75,270.00, a P/E ratio of 20.99, a PEG ratio of 1.29 and a beta of 1.22. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. Walgreens Boots Alliance Inc has a twelve month low of $63.82 and a twelve month high of $88.00.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The company had revenue of $30.74 billion for the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. sell-side analysts forecast that Walgreens Boots Alliance Inc will post 5.7 EPS for the current year.
Walgreens Boots Alliance announced that its Board of Directors has approved a stock buyback program on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the pharmacy operator to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.
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About Walgreens Boots Alliance
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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