Walgreens Boots Alliance Inc (WBA) Holdings Reduced by River Road Asset Management LLC

River Road Asset Management LLC reduced its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 582,933 shares of the pharmacy operator’s stock after selling 63,154 shares during the period. River Road Asset Management LLC owned about 0.06% of Walgreens Boots Alliance worth $42,496,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of Walgreens Boots Alliance by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,337,735 shares of the pharmacy operator’s stock valued at $87,581,000 after acquiring an additional 3,623 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Walgreens Boots Alliance by 43.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 38,063 shares of the pharmacy operator’s stock valued at $2,284,000 after acquiring an additional 11,548 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Walgreens Boots Alliance by 4.3% during the 2nd quarter. CENTRAL TRUST Co now owns 82,652 shares of the pharmacy operator’s stock valued at $4,961,000 after acquiring an additional 3,436 shares in the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of Walgreens Boots Alliance by 6.6% during the 2nd quarter. Thompson Investment Management Inc. now owns 148,781 shares of the pharmacy operator’s stock valued at $8,929,000 after acquiring an additional 9,160 shares in the last quarter. Finally, Founders Capital Management LLC lifted its holdings in shares of Walgreens Boots Alliance by 33.2% during the 2nd quarter. Founders Capital Management LLC now owns 150,905 shares of the pharmacy operator’s stock valued at $9,057,000 after acquiring an additional 37,610 shares in the last quarter. 64.57% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. Pivotal Research lifted their target price on shares of Walgreens Boots Alliance from $60.00 to $72.00 and gave the company a “hold” rating in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Saturday, October 13th. Barclays lifted their target price on shares of Walgreens Boots Alliance from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, October 12th. Robert W. Baird lifted their target price on shares of Walgreens Boots Alliance from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 12th. Finally, Citigroup lifted their target price on shares of Walgreens Boots Alliance from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $78.22.

Shares of WBA stock opened at $79.30 on Monday. Walgreens Boots Alliance Inc has a 12 month low of $59.07 and a 12 month high of $80.68. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $75.27 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.23 and a beta of 0.74.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. Walgreens Boots Alliance had a net margin of 3.82% and a return on equity of 21.75%. The firm had revenue of $33.44 billion for the quarter, compared to analyst estimates of $33.64 billion. Sell-side analysts forecast that Walgreens Boots Alliance Inc will post 6.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 dividend on an annualized basis and a yield of 2.22%. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

In other news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $79.48, for a total value of $217,457.28. Following the sale, the director now owns 8,207 shares in the company, valued at approximately $652,292.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kimberly R. Scardino sold 11,970 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $79.79, for a total transaction of $955,086.30. The disclosure for this sale can be found here. Insiders sold a total of 66,706 shares of company stock worth $5,268,584 in the last quarter. 14.80% of the stock is currently owned by company insiders.

Walgreens Boots Alliance Company Profile

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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

Further Reading: Fundamental Analysis and Individual Investors

Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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