Walgreens Boots Alliance Inc (WBA) Holdings Lifted by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 849.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,300 shares of the pharmacy operator’s stock after purchasing an additional 215,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Walgreens Boots Alliance were worth $14,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WBA. Sei Investments Co. grew its holdings in shares of Walgreens Boots Alliance by 100.9% during the 2nd quarter. Sei Investments Co. now owns 349,451 shares of the pharmacy operator’s stock worth $20,970,000 after acquiring an additional 175,551 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Walgreens Boots Alliance by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,563,249 shares of the pharmacy operator’s stock worth $213,849,000 after acquiring an additional 150,763 shares during the period. Piedmont Investment Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 12.7% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 198,734 shares of the pharmacy operator’s stock worth $11,927,000 after acquiring an additional 22,356 shares during the period. Bailard Inc. purchased a new position in shares of Walgreens Boots Alliance during the 2nd quarter worth approximately $290,000. Finally, Prentiss Smith & Co. Inc. grew its holdings in shares of Walgreens Boots Alliance by 1,125.9% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 120,913 shares of the pharmacy operator’s stock worth $7,257,000 after acquiring an additional 111,050 shares during the period. 61.98% of the stock is owned by institutional investors and hedge funds.

Shares of WBA opened at $70.48 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 0.44. Walgreens Boots Alliance Inc has a 12 month low of $59.07 and a 12 month high of $83.74. The firm has a market cap of $68.22 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, June 28th. The pharmacy operator reported $1.53 EPS for the quarter, beating the consensus estimate of $1.47 by $0.06. Walgreens Boots Alliance had a return on equity of 21.22% and a net margin of 3.36%. The business had revenue of $34.33 billion for the quarter, compared to the consensus estimate of $34.15 billion. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. equities research analysts expect that Walgreens Boots Alliance Inc will post 5.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Monday, August 20th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.50%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 17th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 34.51%.

In other Walgreens Boots Alliance news, COO Ornella Barra bought 1,700,000 shares of the business’s stock in a transaction on Monday, July 16th. The shares were acquired at an average cost of $65.15 per share, for a total transaction of $110,755,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stefano Pessina bought 1,697,438 shares of the business’s stock in a transaction on Monday, July 16th. The shares were acquired at an average price of $63.92 per share, for a total transaction of $108,500,236.96. The disclosure for this purchase can be found here. Company insiders own 14.80% of the company’s stock.

Several analysts recently weighed in on the company. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Leerink Swann cut their price target on Walgreens Boots Alliance from $75.00 to $70.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 23rd. Cowen downgraded Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 price target on the stock. in a research note on Monday, July 23rd. Mizuho set a $77.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Tuesday, May 29th. Finally, Robert W. Baird upped their price target on Walgreens Boots Alliance from $64.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $76.61.

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

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