Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Stock Holdings Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Get Rating) by 6.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 104,729 shares of the pharmacy operator’s stock after selling 7,431 shares during the quarter. Teacher Retirement System of Texas’ holdings in Walgreens Boots Alliance were worth $3,288,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its position in Walgreens Boots Alliance by 0.9% in the 2nd quarter. State Street Corp now owns 50,278,504 shares of the pharmacy operator’s stock valued at $1,905,555,000 after purchasing an additional 456,282 shares during the last quarter. Federated Hermes Inc. lifted its position in Walgreens Boots Alliance by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 5,345,315 shares of the pharmacy operator’s stock valued at $202,587,000 after purchasing an additional 115,972 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Walgreens Boots Alliance by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,132,750 shares of the pharmacy operator’s stock valued at $229,794,000 after purchasing an additional 358,403 shares during the last quarter. ProShare Advisors LLC lifted its position in Walgreens Boots Alliance by 2.3% in the 2nd quarter. ProShare Advisors LLC now owns 4,836,198 shares of the pharmacy operator’s stock valued at $183,292,000 after purchasing an additional 108,879 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its position in Walgreens Boots Alliance by 9.7% in the 1st quarter. Shapiro Capital Management LLC now owns 3,489,368 shares of the pharmacy operator’s stock valued at $156,219,000 after purchasing an additional 308,364 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance Trading Down 2.1 %

Shares of WBA opened at $35.90 on Wednesday. The firm’s 50 day moving average is $38.86 and its 200-day moving average is $37.22. The company has a quick ratio of 0.36, a current ratio of 0.70 and a debt-to-equity ratio of 0.32. Walgreens Boots Alliance, Inc. has a 12-month low of $30.39 and a 12-month high of $51.87.

Walgreens Boots Alliance (NASDAQ:WBA – Get Rating) last announced its quarterly earnings data on Thursday, January 5th. The pharmacy operator reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.01. The company had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $33.04 billion. Walgreens Boots Alliance had a negative net margin of 2.24% and a positive return on equity of 13.57%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. On average, sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 4.5 earnings per share for the current year.

Walgreens Boots Alliance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Tuesday, November 15th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Monday, November 14th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently -55.81%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WBA shares. Credit Suisse Group cut their price objective on shares of Walgreens Boots Alliance from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, January 6th. Mizuho raised their target price on shares of Walgreens Boots Alliance from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, December 14th. Royal Bank of Canada lowered their target price on shares of Walgreens Boots Alliance from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 19th. JPMorgan Chase & Co. lowered their target price on shares of Walgreens Boots Alliance from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, January 6th. Finally, Truist Financial lowered their target price on shares of Walgreens Boots Alliance from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walgreens Boots Alliance has an average rating of “Hold” and an average price target of $43.46.

Insider Transactions at Walgreens Boots Alliance

In other news, EVP Kevin M. Ban sold 10,303 shares of Walgreens Boots Alliance stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $40.19, for a total value of $414,077.57. Following the transaction, the executive vice president now directly owns 27,916 shares of the company’s stock, valued at $1,121,944.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Kevin M. Ban sold 10,303 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $40.19, for a total transaction of $414,077.57. Following the completion of the sale, the executive vice president now directly owns 27,916 shares in the company, valued at $1,121,944.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nancy M. Schlichting sold 16,570 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $39.89, for a total transaction of $660,977.30. Following the sale, the director now owns 5,515 shares of the company’s stock, valued at $219,993.35. The disclosure for this sale can be found here. 17.40% of the stock is currently owned by insiders.

Walgreens Boots Alliance Profile

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Walgreens Boots Alliance, Inc operates as an integrated healthcare, pharmacy, and retailer in the United States (U.S.), the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.