Walgreens Boots Alliance Inc (WBA) Position Decreased by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 22.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,300 shares of the pharmacy operator’s stock after selling 7,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Walgreens Boots Alliance were worth $1,656,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WBA. Caisse DE Depot ET Placement DU Quebec grew its holdings in Walgreens Boots Alliance by 32.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,966,798 shares of the pharmacy operator’s stock valued at $652,526,000 after buying an additional 2,419,053 shares during the last quarter. CI Global Investments Inc. grew its holdings in Walgreens Boots Alliance by 2.7% in the 1st quarter. CI Global Investments Inc. now owns 8,124,379 shares of the pharmacy operator’s stock valued at $531,903,000 after buying an additional 217,119 shares during the last quarter. LSV Asset Management grew its holdings in Walgreens Boots Alliance by 101.9% in the 1st quarter. LSV Asset Management now owns 7,426,687 shares of the pharmacy operator’s stock valued at $486,225,000 after buying an additional 3,747,907 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Walgreens Boots Alliance by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,995,071 shares of the pharmacy operator’s stock valued at $457,967,000 after buying an additional 305,397 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its holdings in Walgreens Boots Alliance by 12.3% in the 1st quarter. Burgundy Asset Management Ltd. now owns 6,175,133 shares of the pharmacy operator’s stock valued at $404,286,000 after buying an additional 675,940 shares during the last quarter. 60.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:WBA opened at $67.24 on Tuesday. Walgreens Boots Alliance Inc has a 1-year low of $61.56 and a 1-year high of $83.89. The company has a market cap of $67.05 billion, a PE ratio of 13.18, a PEG ratio of 1.09 and a beta of 1.14. The company has a current ratio of 0.90, a quick ratio of 0.45 and a debt-to-equity ratio of 0.44.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Wednesday, March 28th. The pharmacy operator reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.18. The business had revenue of $33.02 billion during the quarter, compared to the consensus estimate of $32.20 billion. Walgreens Boots Alliance had a return on equity of 20.38% and a net margin of 3.33%. Walgreens Boots Alliance’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. research analysts expect that Walgreens Boots Alliance Inc will post 5.95 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Friday, May 18th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.38%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 31.37%.

In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $65.56, for a total transaction of $179,372.16. Following the completion of the transaction, the director now owns 13,679 shares in the company, valued at approximately $896,795.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.80% of the stock is owned by company insiders.

A number of analysts have issued reports on WBA shares. ValuEngine lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Pivotal Research set a $70.00 target price on Walgreens Boots Alliance and gave the company a “hold” rating in a report on Thursday, March 29th. BidaskClub lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Thursday, March 22nd. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Saturday, April 7th. Finally, Jefferies Financial Group set a $85.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a report on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Walgreens Boots Alliance presently has a consensus rating of “Buy” and a consensus price target of $81.95.

About Walgreens Boots Alliance

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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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