Ontario Teachers Pension Plan Board boosted its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 74.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,758 shares of the pharmacy operator’s stock after purchasing an additional 16,094 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Walgreens Boots Alliance were worth $2,389,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Horan Capital Advisors LLC. acquired a new stake in shares of Walgreens Boots Alliance during the first quarter worth $25,000. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Walgreens Boots Alliance during the first quarter worth $25,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $29,000. Trustcore Financial Services LLC acquired a new stake in shares of Walgreens Boots Alliance during the first quarter worth $31,000. Finally, PRW Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $34,000. 61.52% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on WBA shares. Loop Capital decreased their price objective on shares of Walgreens Boots Alliance to $77.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. They noted that the move was a valuation call. TheStreet cut shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. Morgan Stanley cut their target price on shares of Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 5th. Barclays cut their target price on shares of Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Finally, Cowen reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Walgreens Boots Alliance in a research note on Sunday, March 31st. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Hold” and an average price target of $63.89.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 21.79%. The company had revenue of $34.59 billion for the quarter, compared to analyst estimates of $34.52 billion. During the same period last year, the firm earned $1.53 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, May 20th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.22%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
In other news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the transaction, the chief accounting officer now owns 435,811 shares in the company, valued at $23,119,773.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Ornella Barra bought 18,000 shares of Walgreens Boots Alliance stock in a transaction dated Wednesday, April 3rd. The stock was acquired at an average price of $54.56 per share, with a total value of $982,080.00. Following the purchase, the chief operating officer now directly owns 26,425 shares of the company’s stock, valued at $1,441,748. The disclosure for this purchase can be found here. Company insiders own 15.73% of the company’s stock.
Walgreens Boots Alliance 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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