Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Director John Anthony Lederer acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at $3,350,000. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Walgreens Boots Alliance, Inc. (WBA) opened at 64.48 on Monday. Walgreens Boots Alliance, Inc. has a 12 month low of $63.82 and a 12 month high of $88.00. The stock has a 50 day moving average of $74.52 and a 200-day moving average of $79.56. The company has a market cap of $69.00 billion, a P/E ratio of 16.28 and a beta of 1.25.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.10. The company had revenue of $30.15 billion during the quarter, compared to the consensus estimate of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. Equities research analysts expect that Walgreens Boots Alliance, Inc. will post $5.48 EPS for the current year.

Walgreens Boots Alliance announced that its board has initiated a share repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the pharmacy operator to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.48%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 42.33%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hudock Capital Group LLC increased its holdings in Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after buying an additional 6 shares during the last quarter. Modera Wealth Management LLC increased its holdings in Walgreens Boots Alliance by 0.4% during the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after buying an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after buying an additional 16 shares during the last quarter. Sowell Financial Services LLC increased its holdings in Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after buying an additional 17 shares during the last quarter. Finally, WealthTrust Arizona LLC increased its holdings in Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

A number of brokerages recently commented on WBA. Jefferies Group LLC set a $93.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Sunday. Pivotal Research dropped their price objective on shares of Walgreens Boots Alliance from $85.00 to $73.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Loop Capital set a $90.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada restated a “buy” rating and set a $88.00 price objective on shares of Walgreens Boots Alliance in a report on Wednesday, October 25th. Finally, Credit Suisse Group restated a “buy” rating and set a $97.00 price objective on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $88.00.

Walgreens Boots Alliance Company 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).

Insider Buying and Selling by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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