Tocqueville Asset Management L.P. Has $1.32 Million Holdings in Walgreens Boots Alliance Inc (WBA)

Tocqueville Asset Management L.P. raised its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 27.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,147 shares of the pharmacy operator’s stock after purchasing an additional 3,879 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Walgreens Boots Alliance were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of Walgreens Boots Alliance by 71,970.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,640,855 shares of the pharmacy operator’s stock valued at $848,617,000 after acquiring an additional 11,624,703 shares during the period. Franklin Resources Inc. lifted its position in shares of Walgreens Boots Alliance by 21.5% during the 3rd quarter. Franklin Resources Inc. now owns 18,789,390 shares of the pharmacy operator’s stock valued at $1,369,796,000 after acquiring an additional 3,318,524 shares during the period. LSV Asset Management lifted its position in shares of Walgreens Boots Alliance by 28.5% during the 3rd quarter. LSV Asset Management now owns 11,183,914 shares of the pharmacy operator’s stock valued at $815,307,000 after acquiring an additional 2,479,681 shares during the period. FMR LLC lifted its position in shares of Walgreens Boots Alliance by 41.9% during the 3rd quarter. FMR LLC now owns 5,640,694 shares of the pharmacy operator’s stock valued at $411,206,000 after acquiring an additional 1,665,402 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Walgreens Boots Alliance by 11.5% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,110,617 shares of the pharmacy operator’s stock valued at $666,804,000 after acquiring an additional 1,143,819 shares during the period. 62.61% of the stock is currently owned by institutional investors.

In other news, Director Nancy M. Schlichting sold 7,050 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $78.81, for a total transaction of $555,610.50. Following the completion of the sale, the director now directly owns 5,709 shares of the company’s stock, valued at approximately $449,926.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the sale, the executive vice president now directly owns 81,076 shares of the company’s stock, valued at $6,386,356.52. The disclosure for this sale can be found here. Insiders sold a total of 73,756 shares of company stock valued at $5,824,194 over the last ninety days. 15.73% of the stock is owned by corporate insiders.

WBA has been the subject of several research reports. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Friday, November 30th. BidaskClub downgraded Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Robert W. Baird lifted their price objective on Walgreens Boots Alliance from $69.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 12th. Barclays lifted their price objective on Walgreens Boots Alliance from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, October 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Walgreens Boots Alliance from $83.00 to $91.00 and gave the stock an “overweight” rating in a research report on Monday, October 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $79.11.

WBA stock opened at $81.96 on Tuesday. The company has a market capitalization of $77.06 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.27 and a beta of 0.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.82 and a quick ratio of 0.38. Walgreens Boots Alliance Inc has a one year low of $59.07 and a one year high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last released its 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. The firm had revenue of $33.44 billion during the quarter, compared to analysts’ expectations of $33.64 billion. Walgreens Boots Alliance had a net margin of 3.82% and a return on equity of 21.75%. As a group, sell-side analysts expect that Walgreens Boots Alliance Inc will post 6.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 annualized dividend and a yield of 2.15%. Walgreens Boots Alliance’s payout ratio is currently 29.24%.

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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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Further Reading: The Discount Rate – What You Need to Know

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

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