Meyer Handelman Co. grew its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,100 shares of the pharmacy operator’s stock after buying an additional 950 shares during the quarter. Meyer Handelman Co.’s holdings in Walgreens Boots Alliance were worth $5,027,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WBA. Hudock Capital Group LLC increased its position 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 worth $102,000 after purchasing an additional 6 shares in the last quarter. Westside Investment Management Inc. increased its position 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 worth $102,000 after purchasing an additional 125 shares in the last quarter. IHT Wealth Management LLC increased its position 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 worth $135,000 after purchasing an additional 2,199 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of Walgreens Boots Alliance during the 3rd quarter worth about $135,000. Finally, Private Vista LLC increased its position in shares of Walgreens Boots Alliance by 6,403.7% during the 2nd quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock worth $140,000 after purchasing an additional 574,218 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

In other Walgreens Boots Alliance news, Director John Anthony Lederer bought 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, October 26th. The shares were bought at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the purchase, 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 available at this link. Also, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were 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 directly 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 company insiders.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada began coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. BidaskClub cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Jefferies Group restated a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, September 7th. Finally, UBS restated a “buy” rating and issued a $96.00 price objective (down previously from $97.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $86.47.

Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $72.01 on Wednesday. The stock has a market cap of $70,859.95, a PE ratio of 14.03, a PEG ratio of 1.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.59. Walgreens Boots Alliance Inc has a one year low of $63.82 and a one year high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.10. The company had revenue of $30.15 billion for the quarter, compared to analyst estimates of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. sell-side analysts expect that Walgreens Boots Alliance Inc will post 5.54 earnings per share for the current fiscal year.

Walgreens Boots Alliance declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the pharmacy operator to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 42.33%.

TRADEMARK VIOLATION NOTICE: “Meyer Handelman Co. Acquires 950 Shares of Walgreens Boots Alliance Inc (WBA)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.watchlistnews.com/meyer-handelman-co-acquires-950-shares-of-walgreens-boots-alliance-inc-wba/1760857.html.

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).

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance Inc (NASDAQ:WBA).

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

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with Analyst Ratings Network's FREE daily email newsletter.