Principal Financial Group Inc. raised its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,354,883 shares of the pharmacy operator’s stock after acquiring an additional 51,719 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of Walgreens Boots Alliance worth $104,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC grew its position 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 worth $102,000 after buying an additional 6 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Walgreens Boots Alliance by 10.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after buying an additional 125 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Walgreens Boots Alliance by 46.3% during the 2nd quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock worth $135,000 after buying an additional 2,199 shares in the last quarter. Bristlecone Advisors LLC bought a new stake in Walgreens Boots Alliance during the third quarter valued at about $135,000. Finally, Private Vista LLC boosted its position in Walgreens Boots Alliance by 6,403.7% during the second quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock valued at $140,000 after purchasing an additional 574,218 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.
A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $94.00 price target on shares of Walgreens Boots Alliance in a research note on Saturday, September 16th. Jefferies Group restated a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Wednesday, September 20th. Mizuho set a $94.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Royal Bank of Canada reiterated a “buy” rating and set a $88.00 price target on shares of Walgreens Boots Alliance in a research report on Wednesday, October 25th. Finally, Loop Capital set a $90.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Thursday, October 26th. Nine 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. Walgreens Boots Alliance currently has an average rating of “Buy” and an average target price of $86.20.
Walgreens Boots Alliance Inc (NASDAQ WBA) traded up $0.69 on Friday, reaching $76.07. The company had a trading volume of 6,458,366 shares, compared to its average volume of 6,450,000. Walgreens Boots Alliance Inc has a 1 year low of $63.82 and a 1 year high of $88.00. The firm has a market cap of $75,340.00, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. Walgreens Boots Alliance’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.67 EPS for the current year.
Walgreens Boots Alliance declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
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Walgreens Boots Alliance 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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