Orleans Capital Management Corp LA lowered its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 76.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,082 shares of the pharmacy operator’s stock after selling 13,097 shares during the period. Orleans Capital Management Corp LA’s holdings in Walgreens Boots Alliance were worth $296,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of WBA. Hudock Capital Group LLC grew its position in 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 acquiring an additional 6 shares during the last quarter. Northern Capital Management LLC grew its position in 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 worth $520,000 after acquiring an additional 25 shares during the last quarter. Girard Partners LTD. grew its position in Walgreens Boots Alliance by 1.9% during the 2nd quarter. Girard Partners LTD. now owns 3,053 shares of the pharmacy operator’s stock worth $239,000 after acquiring an additional 56 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Walgreens Boots Alliance by 3.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,139 shares of the pharmacy operator’s stock worth $242,000 after acquiring an additional 112 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC grew its position in Walgreens Boots Alliance by 3.7% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 3,400 shares of the pharmacy operator’s stock worth $266,000 after acquiring an additional 122 shares during the last quarter. 60.82% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on WBA. Zacks Investment Research lowered Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Mizuho set a $87.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 24th. ValuEngine lowered Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Evercore ISI started coverage on Walgreens Boots Alliance in a research report on Thursday, January 4th. They set an “outperform” rating and a $80.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.37.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $30.74 billion for the quarter, compared to the consensus estimate of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. sell-side analysts predict that Walgreens Boots Alliance Inc will post 5.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Thursday, February 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio is 44.20%.
Walgreens Boots Alliance declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the pharmacy operator to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of the company’s stock in a transaction dated Monday, January 15th. The shares were bought at an average cost of $76.07 per share, with a total value of $7,520,128.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.80% of the stock is owned by insiders.
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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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