Municipal Employees Retirement System of Michigan trimmed its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 30.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,750 shares of the pharmacy operator’s stock after selling 17,400 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Walgreens Boots Alliance were worth $2,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Pathstone Family Office LLC increased its position in Walgreens Boots Alliance by 226.6% in the 2nd quarter. Pathstone Family Office LLC now owns 1,179 shares of the pharmacy operator’s stock worth $1,969,000 after buying an additional 818 shares during the period. Westside Investment Management Inc. increased its position in Walgreens Boots Alliance by 10.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after buying an additional 125 shares during the period. Zions Bancorporation increased its position in Walgreens Boots Alliance by 983.3% in the 3rd quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock worth $105,000 after buying an additional 1,239 shares during the period. Bristlecone Advisors LLC bought a new position in Walgreens Boots Alliance in the 3rd quarter worth approximately $135,000. Finally, Financial Advocates Investment Management bought a new position in Walgreens Boots Alliance in the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 61.00% of the company’s stock.
A number of research firms have recently issued reports on WBA. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC restated a “buy” rating and set a $88.00 price objective (up from $86.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, January 10th. Barclays began coverage on Walgreens Boots Alliance in a research report on Thursday, March 8th. They set an “equal weight” rating and a $76.00 price objective on the stock. ValuEngine cut Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Vetr cut Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $84.75.
In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of Walgreens Boots Alliance stock in a transaction on Monday, January 15th. The shares were bought 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 accessible through this link. 14.80% of the stock is currently owned by insiders.
Shares of Walgreens Boots Alliance Inc (WBA) opened at $67.38 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. The company has a market capitalization of $67,910.36, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.13 and a beta of 1.21. Walgreens Boots Alliance Inc has a one year low of $63.82 and a one year high of $87.79.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The business had revenue of $30.74 billion for the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. Walgreens Boots Alliance’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. equities analysts forecast that Walgreens Boots Alliance Inc will post 5.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Thursday, February 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio is currently 44.20%.
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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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