Chevy Chase Trust Holdings Inc. cut its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 774,699 shares of the pharmacy operator’s stock after selling 51,438 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in Walgreens Boots Alliance were worth $56,259,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WBA. Hudock Capital Group LLC grew its holdings in shares of Walgreens Boots Alliance by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Walgreens Boots Alliance by 10.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 125 shares during the last quarter. Zions Bancorporation grew its holdings in shares of Walgreens Boots Alliance by 983.3% during the 3rd quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock valued at $105,000 after purchasing an additional 1,239 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of Walgreens Boots Alliance by 46.3% during the 2nd quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock valued at $135,000 after purchasing an additional 2,199 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new stake in shares of Walgreens Boots Alliance during the 3rd quarter valued at approximately $135,000. Institutional investors own 61.15% of the company’s stock.

Shares of Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $77.02 on Wednesday. Walgreens Boots Alliance Inc has a 1-year low of $63.82 and a 1-year high of $88.00. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. The firm has a market cap of $76,300.00, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion for the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. equities analysts predict that Walgreens Boots Alliance Inc will post 5.71 earnings per share for the current fiscal year.

Walgreens Boots Alliance declared that its board has initiated a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Thursday, February 15th will be given a $0.40 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 44.20%.

In other news, Director John Anthony Lederer purchased 20,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were purchased at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at $3,350,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total transaction of $184,324.32. Following the completion of the transaction, the director now owns 16,415 shares in the company, valued at approximately $1,105,878.55. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $88.00 price target (up from $86.00) on shares of Walgreens Boots Alliance in a report on Wednesday, January 10th. BidaskClub raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Loop Capital set a $90.00 price target on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 price target (down from $90.00) on shares of Walgreens Boots Alliance in a report on Thursday, October 19th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.35.

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Walgreens Boots Alliance Company Profile

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

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