Wayne Hummer Investments L.L.C. grew its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 70.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,197 shares of the pharmacy operator’s stock after acquiring an additional 10,000 shares during the quarter. Wayne Hummer Investments L.L.C.’s holdings in Walgreens Boots Alliance were worth $1,868,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of WBA. Hudock Capital Group LLC grew its stake in shares of Walgreens Boots Alliance by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 6 shares during the period. Modera Wealth Management LLC grew its stake in shares of Walgreens Boots Alliance by 0.4% during 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 period. Flagship Harbor Advisors LLC grew its stake in shares of Walgreens Boots Alliance by 0.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after purchasing an additional 16 shares during the period. Guardian Life Insurance Co. of America grew its stake in shares of Walgreens Boots Alliance by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock valued at $274,000 after purchasing an additional 22 shares during the period. Finally, Northern Capital Management LLC grew its stake in shares of Walgreens Boots Alliance by 0.4% during the 2nd quarter. Northern Capital Management LLC now owns 6,635 shares of the pharmacy operator’s stock valued at $520,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
WBA has been the subject of a number of recent research reports. Deutsche Bank initiated coverage on Walgreens Boots Alliance in a research note on Monday, December 4th. They set a “hold” rating and a $78.00 price target for the company. Raymond James Financial restated a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Wednesday, September 27th. Leerink Swann downgraded Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Loop Capital set a $90.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, SunTrust Banks set a $72.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Sunday, October 15th. Nine research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and a consensus target price of $86.15.
In other news, Director John Anthony Lederer acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were acquired at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $3,350,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total value of $184,324.32. Following the sale, the director now directly owns 16,415 shares in the company, valued at $1,105,878.55. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by insiders.
Walgreens Boots Alliance Inc (WBA) opened at $76.07 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Walgreens Boots Alliance Inc has a twelve month low of $63.82 and a twelve month high of $88.00. The company has a market capitalization of $75,340.00, a P/E ratio of 21.01, a P/E/G ratio of 1.29 and a beta of 1.22.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The company had revenue of $30.74 billion for the quarter, compared to analysts’ expectations of $30.39 billion. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. analysts anticipate that Walgreens Boots Alliance Inc will post 5.59 earnings per share for the current year.
Walgreens Boots Alliance announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the pharmacy operator to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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About Walgreens Boots Alliance
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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