Heritage Investors Management Corp lowered its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,846 shares of the pharmacy operator’s stock after selling 1,849 shares during the period. Heritage Investors Management Corp’s holdings in Walgreens Boots Alliance were worth $8,299,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC purchased a new position in Walgreens Boots Alliance during the 2nd quarter valued at about $103,000. CSat Investment Advisory L.P. purchased a new position in Walgreens Boots Alliance during the 2nd quarter valued at about $104,000. Squar Milner Financial Services LLC purchased a new position in Walgreens Boots Alliance during the 2nd quarter valued at about $106,000. Asset Dedication LLC increased its holdings in Walgreens Boots Alliance by 204.6% during the 3rd quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock valued at $115,000 after purchasing an additional 1,060 shares during the period. Finally, Kaizen Advisory LLC increased its holdings in Walgreens Boots Alliance by 128.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock valued at $116,000 after purchasing an additional 1,083 shares during the period. Hedge funds and other institutional investors own 64.57% of the company’s stock.
In other news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $79.48, for a total value of $217,457.28. Following the sale, the director now directly owns 8,207 shares of the company’s stock, valued at approximately $652,292.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the completion of the transaction, the executive vice president now owns 81,076 shares of the company’s stock, valued at $6,386,356.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,706 shares of company stock worth $5,268,584. Insiders own 14.80% of the company’s stock.
A number of research analysts recently issued reports on WBA shares. TheStreet upgraded Walgreens Boots Alliance from a “c+” rating to a “b” rating in a report on Wednesday, September 12th. BidaskClub raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Loop Capital lifted their price objective on Walgreens Boots Alliance from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 12th. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Tuesday, September 25th. Finally, Barclays lifted their price objective on Walgreens Boots Alliance from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $78.22.
Shares of WBA opened at $82.39 on Friday. 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 Inc has a 52 week low of $59.07 and a 52 week high of $83.00. The company has a market capitalization of $76.50 billion, a PE ratio of 13.69, a P/E/G ratio of 1.28 and a beta of 0.74.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results 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 return on equity of 21.75% and a net margin of 3.82%. The firm had revenue of $33.44 billion for the quarter, compared to analysts’ expectations of $33.64 billion. As a group, analysts forecast that Walgreens Boots Alliance Inc will post 6.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Monday, November 12th will be given a $0.44 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.14%. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.
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About Walgreens Boots Alliance
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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