Rothschild Asset Management Inc. Has $549,000 Stake in Walgreens Boots Alliance, Inc. (WBA)

Rothschild Asset Management Inc. grew its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 17.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,013 shares of the pharmacy operator’s stock after purchasing an additional 1,059 shares during the period. Rothschild Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. State Street Corp grew its position in shares of Walgreens Boots Alliance by 1.8% in the first quarter. State Street Corp now owns 37,612,843 shares of the pharmacy operator’s stock valued at $3,123,757,000 after purchasing an additional 677,743 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Walgreens Boots Alliance by 5.9% in the first quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock valued at $2,727,932,000 after purchasing an additional 1,824,300 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Walgreens Boots Alliance by 26.5% in the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock valued at $760,267,000 after purchasing an additional 1,917,082 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Walgreens Boots Alliance by 22.4% in the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock valued at $437,632,000 after purchasing an additional 962,959 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Walgreens Boots Alliance by 22.9% in the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock valued at $407,982,000 after purchasing an additional 914,888 shares in the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/09/17/rothschild-asset-management-inc-has-549000-stake-in-walgreens-boots-alliance-inc-wba.html.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 82.50 on Friday. The firm has a market capitalization of $88.28 billion, a PE ratio of 20.83 and a beta of 1.26. Walgreens Boots Alliance, Inc. has a 1-year low of $75.18 and a 1-year high of $89.69. The firm’s 50-day moving average price is $81.26 and its 200-day moving average price is $81.99.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 40.30%.

Walgreens Boots Alliance declared that its Board of Directors has authorized a share buyback plan on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to buy up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the transaction, the director now owns 19,151 shares in the company, valued at approximately $1,528,058.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.50% of the stock is owned by company insiders.

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).

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

Receive News & Ratings for Walgreens Boots Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply