Man Group plc raised its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 244.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 419,546 shares of the pharmacy operator’s stock after acquiring an additional 297,679 shares during the quarter. Man Group plc’s holdings in Walgreens Boots Alliance were worth $23,205,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. IHT Wealth Management LLC increased its position in Walgreens Boots Alliance by 12.5% during the 3rd quarter. IHT Wealth Management LLC now owns 17,686 shares of the pharmacy operator’s stock worth $979,000 after purchasing an additional 1,966 shares in the last quarter. Wealthsource Partners LLC increased its position in Walgreens Boots Alliance by 7.6% during the 3rd quarter. Wealthsource Partners LLC now owns 10,249 shares of the pharmacy operator’s stock worth $567,000 after purchasing an additional 727 shares in the last quarter. National Pension Service increased its position in Walgreens Boots Alliance by 4.9% during the 3rd quarter. National Pension Service now owns 968,639 shares of the pharmacy operator’s stock worth $53,575,000 after purchasing an additional 45,009 shares in the last quarter. Torch Wealth Management LLC increased its position in Walgreens Boots Alliance by 1.0% during the 3rd quarter. Torch Wealth Management LLC now owns 19,850 shares of the pharmacy operator’s stock worth $1,098,000 after purchasing an additional 200 shares in the last quarter. Finally, Mather Group LLC. increased its position in Walgreens Boots Alliance by 18.0% during the 3rd quarter. Mather Group LLC. now owns 85,122 shares of the pharmacy operator’s stock worth $4,708,000 after purchasing an additional 13,010 shares in the last quarter. 60.10% of the stock is owned by institutional investors.
A number of research firms recently commented on WBA. Bank of America dropped their price objective on Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, October 3rd. ValuEngine raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Deutsche Bank began coverage on Walgreens Boots Alliance in a research report on Thursday, September 12th. They set a “sell” rating on the stock. Finally, Morgan Stanley reduced their price target on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $61.35.
Shares of NASDAQ WBA opened at $59.60 on Monday. Walgreens Boots Alliance Inc has a twelve month low of $49.03 and a twelve month high of $86.31. The company has a current ratio of 0.73, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $53.65 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. The business has a 50 day simple moving average of $57.95 and a 200-day simple moving average of $54.28.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Monday, October 28th. The pharmacy operator reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.02. Walgreens Boots Alliance had a return on equity of 21.99% and a net margin of 2.91%. The business had revenue of $33.95 billion during the quarter, compared to the consensus estimate of $33.88 billion. During the same period in the previous year, the business earned $1.48 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Walgreens Boots Alliance Inc will post 5.93 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date is Friday, November 15th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.07%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 30.55%.
In other news, CAO Marco Patrick Anthony Pagni sold 234,355 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $63.16, for a total value of $14,801,861.80. Following the completion of the sale, the chief accounting officer now directly owns 13,844 shares in the company, valued at approximately $874,387.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.73% of the stock is currently owned by insiders.
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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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