Nordea Investment Management AB increased its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,679,640 shares of the pharmacy operator’s stock after acquiring an additional 148,814 shares during the quarter. Walgreens Boots Alliance comprises 1.0% of Nordea Investment Management AB’s holdings, making the stock its 26th biggest position. Nordea Investment Management AB’s holdings in Walgreens Boots Alliance were worth $485,896,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WBA. Colony Group LLC boosted its holdings in shares of Walgreens Boots Alliance by 2.3% in the 4th quarter. Colony Group LLC now owns 6,142 shares of the pharmacy operator’s stock valued at $420,000 after acquiring an additional 141 shares during the last quarter. Covington Capital Management lifted its stake in shares of Walgreens Boots Alliance by 11.1% in the 4th quarter. Covington Capital Management now owns 1,500 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 150 shares during the period. Barnett & Company Inc. lifted its stake in shares of Walgreens Boots Alliance by 11.1% in the 4th quarter. Barnett & Company Inc. now owns 1,501 shares of the pharmacy operator’s stock valued at $103,000 after purchasing an additional 150 shares during the period. Mission Wealth Management LP lifted its stake in shares of Walgreens Boots Alliance by 5.9% in the 4th quarter. Mission Wealth Management LP now owns 3,124 shares of the pharmacy operator’s stock valued at $213,000 after purchasing an additional 175 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its stake in shares of Walgreens Boots Alliance by 3.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 5,668 shares of the pharmacy operator’s stock valued at $387,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 61.52% of the company’s stock.

Shares of NASDAQ WBA opened at $52.57 on Monday. The stock has a market capitalization of $48.06 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.08 and a beta of 0.77. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 0.50. Walgreens Boots Alliance Inc has a 52 week low of $49.31 and a 52 week high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.06). The business had revenue of $34.53 billion during the quarter, compared to analyst estimates of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. Walgreens Boots Alliance’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.73 earnings per share. As a group, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Monday, May 20th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 29.24%.

In other news, COO Ornella Barra acquired 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average price of $54.56 per share, with a total value of $982,080.00. Following the completion of the acquisition, the chief operating officer now owns 26,425 shares of the company’s stock, valued at approximately $1,441,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.05, for a total transaction of $1,061,000.00. Following the completion of the sale, the chief accounting officer now directly owns 435,811 shares of the company’s stock, valued at approximately $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is owned by corporate insiders.

Several research firms recently issued reports on WBA. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 target price for the company. in a research note on Monday, June 10th. Bank of America reduced their price objective on shares of Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a research report on Monday, June 3rd. Morgan Stanley set a $61.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a research report on Tuesday, May 14th. Finally, Guggenheim started coverage on shares of Walgreens Boots Alliance in a research report on Thursday, April 18th. They set a “neutral” rating and a $59.00 price objective for the company. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $64.89.

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

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