Cadence Capital Management LLC Has $931,000 Position in Walgreens Boots Alliance Inc (WBA)
Cadence Capital Management LLC increased its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 6.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,715 shares of the pharmacy operator’s stock after acquiring an additional 873 shares during the period. Cadence Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $931,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc raised its position in shares of Walgreens Boots Alliance by 0.6% during the third quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after acquiring an additional 448,045 shares during the last quarter. BlackRock Inc. raised its position in shares of Walgreens Boots Alliance by 1.7% during the fourth quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock worth $3,668,086,000 after acquiring an additional 895,469 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Walgreens Boots Alliance by 12,422.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock worth $509,000 after acquiring an additional 34,529,539 shares during the last quarter. Northern Trust Corp raised its position in shares of Walgreens Boots Alliance by 5.8% during the fourth quarter. Northern Trust Corp now owns 11,641,152 shares of the pharmacy operator’s stock worth $795,439,000 after acquiring an additional 641,721 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Walgreens Boots Alliance by 3.4% during the fourth quarter. LSV Asset Management now owns 11,564,931 shares of the pharmacy operator’s stock worth $790,231,000 after acquiring an additional 381,017 shares during the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.
In other Walgreens Boots Alliance news, COO Ornella Barra bought 18,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the purchase, the chief operating officer now owns 26,425 shares in the company, valued at $1,441,748. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 435,811 shares of the company’s stock, valued at $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is owned by insiders.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.06). Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The company had revenue of $34.53 billion for the quarter, compared to analyst estimates of $34.57 billion. During the same period last year, the firm earned $1.73 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.37%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
A number of equities research analysts have recently weighed in on WBA shares. Citigroup dropped their target price on Walgreens Boots Alliance from $76.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. ValuEngine downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Morgan Stanley dropped their target price on Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 5th. Bank of America restated an “underperform” rating and set a $62.00 target price (down previously from $69.00) on shares of Walgreens Boots Alliance in a research report on Friday, March 8th. Finally, SunTrust Banks boosted their target price on Walgreens Boots Alliance to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, April 3rd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $68.00.
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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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