Allen Investment Management LLC Has $1.11 Million Position in Walgreens Boots Alliance, Inc. (WBA)
Allen Investment Management LLC decreased its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 28.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,414 shares of the pharmacy operator’s stock after selling 5,429 shares during the period. Allen Investment Management LLC’s holdings in Walgreens Boots Alliance were worth $1,114,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WBA. Hudock Capital Group LLC boosted its position in Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Tarbox Group Inc. boosted its position in Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock worth $113,000 after buying an additional 1,006 shares during the last quarter. Howe & Rusling Inc. boosted its position in Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock worth $120,000 after buying an additional 975 shares during the last quarter. Webster Bank N. A. boosted its position in Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock worth $125,000 after buying an additional 235 shares during the last quarter. Finally, Orrstown Financial Services Inc. boosted its position in Walgreens Boots Alliance by 13.9% in the first quarter. Orrstown Financial Services Inc. now owns 1,515 shares of the pharmacy operator’s stock worth $126,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.
Walgreens Boots Alliance, Inc. (NASDAQ WBA) traded down 0.683% during mid-day trading on Thursday, hitting $80.725. 556,565 shares of the company’s stock traded hands. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69. The firm’s 50-day moving average price is $78.91 and its 200-day moving average price is $82.32. The stock has a market cap of $86.38 billion, a PE ratio of 20.385 and a beta of 1.25.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. The firm had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. On average, analysts forecast that Walgreens Boots Alliance, Inc. will post $5.01 EPS for the current fiscal year.
Walgreens Boots Alliance announced that its Board of Directors has authorized a share buyback plan on Thursday, June 29th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the pharmacy operator to buy up to 5.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s payout ratio is currently 37.78%.
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A number of research analysts have recently commented on WBA shares. Jefferies Group LLC cut their price target on shares of Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 31st. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Needham & Company LLC started coverage on shares of Walgreens Boots Alliance in a report on Tuesday, June 27th. They issued a “hold” rating on the stock. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $77.00 price target (down from $89.00) on shares of Walgreens Boots Alliance in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.69.
In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total value of $218,305.44. Following the completion of the sale, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The sale was disclosed in a document filed with the SEC, which is available through this link. 13.50% of the stock is currently owned by insiders.
About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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