Thornburg Investment Management Inc. lessened its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,409,982 shares of the pharmacy operator’s stock after selling 38,515 shares during the quarter. Walgreens Boots Alliance makes up about 3.9% of Thornburg Investment Management Inc.’s holdings, making the stock its 4th biggest holding. Thornburg Investment Management Inc.’s holdings in Walgreens Boots Alliance were worth $467,288,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Asset Dedication LLC lifted its position in shares of Walgreens Boots Alliance by 204.6% in the 3rd quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock valued at $115,000 after acquiring an additional 1,060 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in Walgreens Boots Alliance in the 2nd quarter worth approximately $103,000. CSat Investment Advisory L.P. purchased a new stake in Walgreens Boots Alliance in the 2nd quarter worth approximately $104,000. Squar Milner Financial Services LLC purchased a new stake in Walgreens Boots Alliance in the 2nd quarter worth approximately $106,000. Finally, Kaizen Advisory LLC lifted its position in Walgreens Boots Alliance by 128.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock worth $116,000 after buying an additional 1,083 shares in the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.
In related news, EVP Kathleen Wilson-Thompson sold 52,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $78.77, for a total value of $4,096,040.00. Following the transaction, the executive vice president now directly owns 81,076 shares in the company, valued at approximately $6,386,356.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kimberly R. Scardino sold 11,970 shares of the firm’s stock in a transaction on 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. In the last 90 days, insiders have sold 66,706 shares of company stock worth $5,268,584. 14.80% of the stock is currently owned by company insiders.
Shares of WBA opened at $80.04 on Tuesday. Walgreens Boots Alliance Inc has a 12 month low of $59.07 and a 12 month high of $80.68. The firm has a market cap of $75.27 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.23 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, October 11th. The pharmacy operator reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $33.44 billion for the quarter, compared to analyst estimates of $33.64 billion. Equities research analysts forecast that Walgreens Boots Alliance Inc will post 6.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Monday, November 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 annualized dividend and a dividend yield of 2.20%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 29.24%.
A number of research firms have issued reports on WBA. TheStreet upgraded shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. ValuEngine upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. BidaskClub upgraded shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 21st. Cowen downgraded shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 target price for the company. in a research report on Monday, July 23rd. Finally, Pivotal Research increased their target price on shares of Walgreens Boots Alliance from $60.00 to $72.00 and gave the stock a “hold” rating in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus target price of $78.22.
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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.
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