Schaper Benz & Wise Investment Counsel Inc. WI Raises Position in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 261,577 shares of the pharmacy operator’s stock after buying an additional 5,287 shares during the period. Walgreens Boots Alliance makes up approximately 1.8% of Schaper Benz & Wise Investment Counsel Inc. WI’s portfolio, making the stock its 23rd largest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Walgreens Boots Alliance were worth $14,468,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WBA. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Walgreens Boots Alliance by 11.0% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,837,465 shares of the pharmacy operator’s stock valued at $647,154,000 after purchasing an additional 1,169,600 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Walgreens Boots Alliance by 0.7% in the 2nd quarter. Northern Trust Corp now owns 11,647,146 shares of the pharmacy operator’s stock valued at $636,750,000 after purchasing an additional 76,864 shares in the last quarter. Morgan Stanley raised its holdings in shares of Walgreens Boots Alliance by 36.2% in the 2nd quarter. Morgan Stanley now owns 4,913,030 shares of the pharmacy operator’s stock valued at $268,595,000 after purchasing an additional 1,304,949 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Walgreens Boots Alliance by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,794,775 shares of the pharmacy operator’s stock valued at $207,461,000 after purchasing an additional 90,568 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Walgreens Boots Alliance by 23.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,893,195 shares of the pharmacy operator’s stock worth $158,171,000 after acquiring an additional 549,575 shares in the last quarter. 60.60% of the stock is owned by institutional investors.

WBA has been the topic of several research analyst reports. Morgan Stanley cut their price target on shares of Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Bank of America cut their price target on shares of Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating on the stock in a research note on Thursday, October 3rd. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada lowered shares of Walgreens Boots Alliance to a “hold” rating and set a $59.00 price objective on the stock. in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered shares of Walgreens Boots Alliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $73.00 to $63.00 in a research note on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $61.35.

Shares of NASDAQ:WBA traded up $0.57 during midday trading on Friday, hitting $59.24. The stock had a trading volume of 5,450,000 shares, compared to its average volume of 5,855,335. The company has a market capitalization of $54.63 billion, a PE ratio of 9.89, a P/E/G ratio of 1.53 and a beta of 0.87. The stock has a 50 day moving average price of $55.01 and a two-hundred day moving average price of $53.51. The company has a current ratio of 0.73, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. Walgreens Boots Alliance Inc has a 1 year low of $49.03 and a 1 year high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Monday, October 28th. The pharmacy operator reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.02. The business had revenue of $33.95 billion for the quarter, compared to the consensus estimate of $33.88 billion. Walgreens Boots Alliance had a net margin of 2.91% and a return on equity of 21.99%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. As a group, equities analysts expect that Walgreens Boots Alliance Inc will post 5.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, November 18th will be issued a $0.458 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, November 15th. Walgreens Boots Alliance’s payout ratio is 30.55%.

In other news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of Walgreens Boots Alliance stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $50.48, for a total value of $10,869,505.04. Following the sale, the chief accounting officer now owns 357,851 shares of the company’s stock, valued at $18,064,318.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.73% of the stock is owned by insiders.

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

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