Walgreens Boots Alliance, Inc. (WBA) Position Held by Bp Plc
Bp Plc maintained its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,000 shares of the pharmacy operator’s stock at the close of the second quarter. Bp Plc’s holdings in Walgreens Boots Alliance were worth $7,907,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Modera Wealth Management LLC boosted its stake in shares of Walgreens Boots Alliance by 0.4% in the 1st quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after purchasing an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after buying an additional 16 shares during the period. Sowell Financial Services LLC raised its stake in Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after buying an additional 17 shares during the last quarter. WealthTrust Arizona LLC raised its stake in Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after buying an additional 21 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in Walgreens Boots Alliance by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock worth $274,000 after buying an additional 22 shares during the last quarter. 60.16% of the stock is currently owned by hedge funds and other institutional investors.
Walgreens Boots Alliance, Inc. (WBA) opened at 76.79 on Wednesday. The company has a market capitalization of $82.17 billion, a PE ratio of 19.39 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 52 week low of $75.18 and a 52 week high of $89.69. The firm’s 50-day moving average price is $80.49 and its 200 day moving average price is $81.30.
Walgreens Boots Alliance announced that its board has approved a share buyback plan on Thursday, June 29th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the pharmacy operator to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.08%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio is 40.30%.
A number of brokerages have weighed in on WBA. Needham & Company LLC initiated coverage on Walgreens Boots Alliance in a report on Tuesday, June 27th. They issued a “hold” rating for the company. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Leerink Swann set a $86.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Friday, July 7th. Credit Suisse Group reaffirmed a “buy” rating and set a $97.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. Walgreens Boots Alliance currently has an average rating of “Buy” and a consensus target price of $92.06.
In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the sale, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.50% of the company’s stock.
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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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