Walgreens Boots Alliance Inc (WBA) is HighPoint Advisor Group LLC’s 4th Largest Position
HighPoint Advisor Group LLC continued to hold its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 108,203 shares of the pharmacy operator’s stock at the end of the 2nd quarter. Walgreens Boots Alliance makes up about 2.8% of HighPoint Advisor Group LLC’s investment portfolio, making the stock its 4th largest holding. HighPoint Advisor Group LLC’s holdings in Walgreens Boots Alliance were worth $8,771,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in WBA. Prudential Financial Inc. increased its holdings in Walgreens Boots Alliance by 53.0% in the 1st quarter. Prudential Financial Inc. now owns 2,211,112 shares of the pharmacy operator’s stock valued at $183,632,000 after purchasing an additional 766,200 shares in the last quarter. Stifel Financial Corp increased its holdings in Walgreens Boots Alliance by 2.1% in the 1st quarter. Stifel Financial Corp now owns 881,798 shares of the pharmacy operator’s stock valued at $72,975,000 after purchasing an additional 18,324 shares in the last quarter. Spears Abacus Advisors LLC increased its holdings in Walgreens Boots Alliance by 7.7% in the 1st quarter. Spears Abacus Advisors LLC now owns 13,410 shares of the pharmacy operator’s stock valued at $1,114,000 after purchasing an additional 960 shares in the last quarter. Wayne Hummer Investments L.L.C. increased its holdings in Walgreens Boots Alliance by 1.3% in the 1st quarter. Wayne Hummer Investments L.L.C. now owns 11,515 shares of the pharmacy operator’s stock valued at $956,000 after purchasing an additional 152 shares in the last quarter. Finally, Parkside Investments LLC acquired a new stake in Walgreens Boots Alliance in the 1st quarter valued at $3,440,000. Institutional investors and hedge funds own 60.41% of the company’s stock.
In other Walgreens Boots Alliance news, Director John Anthony Lederer bought 20,000 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were purchased at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated 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 directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The disclosure for this sale can be found here. Company insiders own 13.50% of the company’s stock.
WBA has been the subject of several recent analyst reports. Jefferies Group restated a “buy” rating and set a $95.00 target price on shares of Walgreens Boots Alliance in a research note on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $94.00 target price on shares of Walgreens Boots Alliance in a research note on Saturday, September 16th. Loop Capital initiated coverage on Walgreens Boots Alliance in a research note on Thursday, August 24th. They set a “buy” rating and a $95.00 target price for the company. UBS restated a “buy” rating and set a $96.00 target price (down from $97.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, August 23rd. Finally, Mizuho set a $94.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Walgreens Boots Alliance has a consensus rating of “Buy” and a consensus price target of $87.21.
Walgreens Boots Alliance Inc (WBA) opened at $71.45 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.07. Walgreens Boots Alliance Inc has a 12-month low of $63.82 and a 12-month high of $88.00. The company has a market cap of $72,058.28, a PE ratio of 14.27, a PEG ratio of 1.30 and a beta of 1.21.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, topping the consensus estimate of $1.21 by $0.10. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The business had revenue of $30.15 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. research analysts forecast that Walgreens Boots Alliance Inc will post 5.55 EPS for the current fiscal year.
Walgreens Boots Alliance announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the pharmacy operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. Walgreens Boots Alliance’s dividend payout ratio is currently 42.33%.
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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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