Fox Run Management L.L.C. Acquires Shares of 16,000 Walgreens Boots Alliance, Inc. (WBA)

Fox Run Management L.L.C. acquired a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 16,000 shares of the pharmacy operator’s stock, valued at approximately $1,253,000. Walgreens Boots Alliance comprises about 0.4% of Fox Run Management L.L.C.’s holdings, making the stock its 14th largest position.

A number of other large investors have also recently bought and sold shares of WBA. Waldron LP grew its position in Walgreens Boots Alliance by 67.7% in the 1st quarter. Waldron LP now owns 4,500 shares of the pharmacy operator’s stock valued at $373,000 after buying an additional 1,816 shares during the last quarter. Founders Capital Management LLC grew its position in Walgreens Boots Alliance by 1.7% in the 1st quarter. Founders Capital Management LLC now owns 71,991 shares of the pharmacy operator’s stock valued at $5,979,000 after buying an additional 1,180 shares during the last quarter. Acadian Asset Management LLC grew its position in Walgreens Boots Alliance by 17.6% in the 1st quarter. Acadian Asset Management LLC now owns 31,082 shares of the pharmacy operator’s stock valued at $2,582,000 after buying an additional 4,653 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Walgreens Boots Alliance in the 1st quarter valued at $4,763,000. Finally, AMI Investment Management Inc. grew its position in Walgreens Boots Alliance by 160.6% in the 1st quarter. AMI Investment Management Inc. now owns 7,323 shares of the pharmacy operator’s stock valued at $433,000 after buying an additional 4,513 shares during the last quarter. Hedge funds and other institutional investors own 60.18% of the company’s stock.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded up 0.60% on Friday, hitting $82.50. The stock had a trading volume of 22,167,526 shares. The company has a market cap of $88.28 billion, a PE ratio of 20.83 and a beta of 1.26. The stock has a 50-day moving average of $81.26 and a 200-day moving average of $81.99. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The business had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter last year, the business posted $1.18 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current fiscal year.

Walgreens Boots Alliance declared that its Board of Directors has authorized a stock buyback plan on Thursday, June 29th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the pharmacy operator to reacquire up to 5.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.60 annualized dividend and a yield of 1.94%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 40.30%.

A number of equities analysts recently weighed in on the stock. Needham & Company LLC set a $94.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Monday, July 17th. Pivotal Research set a $85.00 price objective on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Sunday, July 2nd. Guggenheim reiterated a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $77.00 price objective (down from $89.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, June 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $91.81.

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In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the transaction, the director now owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.50% of the company’s stock.

Walgreens Boots Alliance Company 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).

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

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