People s United Financial Inc. cut its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 43.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,580 shares of the pharmacy operator’s stock after selling 13,363 shares during the period. People s United Financial Inc.’s holdings in Walgreens Boots Alliance were worth $1,282,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WBA. Bank of New York Mellon Corp grew its position in Walgreens Boots Alliance by 71,970.7% in the third 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 purchasing an additional 11,624,703 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Walgreens Boots Alliance by 21.5% in 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 boosted its holdings 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 worth $815,307,000 after buying an additional 2,479,681 shares during the period. FMR LLC boosted its holdings 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 worth $411,206,000 after buying an additional 1,665,402 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings 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 worth $666,804,000 after buying an additional 1,143,819 shares during the period. Institutional investors own 62.59% of the company’s stock.
Several brokerages have weighed in on WBA. BidaskClub upgraded shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 21st. Robert W. Baird upped their price objective on shares of Walgreens Boots Alliance from $64.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 11th. TheStreet upgraded shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. ValuEngine raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Finally, Zacks Investment Research raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Tuesday, September 25th. 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 issued a strong buy rating to the stock. Walgreens Boots Alliance has a consensus rating of “Hold” and an average target price of $79.11.
WBA opened at $81.19 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.38 and a current ratio of 0.82. Walgreens Boots Alliance Inc has a 1-year low of $59.07 and a 1-year high of $86.31. The firm has a market cap of $78.72 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share 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 firm had revenue of $33.44 billion for the quarter, compared to the consensus estimate of $33.64 billion. On average, equities research analysts anticipate that Walgreens Boots Alliance Inc will post 6.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Monday, November 12th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 annualized dividend and a dividend yield of 2.17%. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.
In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $79.48, for a total value of $217,457.28. Following the completion of the sale, the director now owns 8,207 shares in the company, valued at $652,292.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kimberly R. Scardino sold 11,970 shares of the stock in a transaction dated 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 quarter, insiders sold 73,756 shares of company stock valued at $5,824,194. 14.80% of the stock is currently owned by corporate insiders.
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Walgreens Boots Alliance 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.
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