Vanguard Personalized Indexing Management LLC Increases Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Vanguard Personalized Indexing Management LLC grew its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBAFree Report) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,027 shares of the pharmacy operator’s stock after acquiring an additional 7,788 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Walgreens Boots Alliance were worth $1,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Walgreens Boots Alliance by 5.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,165,597 shares of the pharmacy operator’s stock worth $29,804,000 after purchasing an additional 59,061 shares in the last quarter. Westpac Banking Corp boosted its holdings in Walgreens Boots Alliance by 10.1% during the fourth quarter. Westpac Banking Corp now owns 6,100 shares of the pharmacy operator’s stock worth $159,000 after buying an additional 560 shares in the last quarter. Ieq Capital LLC boosted its holdings in Walgreens Boots Alliance by 75.1% during the fourth quarter. Ieq Capital LLC now owns 48,599 shares of the pharmacy operator’s stock worth $1,269,000 after buying an additional 20,843 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Walgreens Boots Alliance during the fourth quarter worth about $541,000. Finally, QRG Capital Management Inc. increased its holdings in Walgreens Boots Alliance by 12.4% in the fourth quarter. QRG Capital Management Inc. now owns 19,376 shares of the pharmacy operator’s stock valued at $506,000 after buying an additional 2,140 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walgreens Boots Alliance

In related news, CFO Manmohan Mahajan purchased 6,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were bought at an average price of $19.38 per share, with a total value of $116,280.00. Following the completion of the purchase, the chief financial officer now directly owns 166,969 shares in the company, valued at approximately $3,235,859.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Manmohan Mahajan purchased 6,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were bought at an average price of $19.38 per share, with a total value of $116,280.00. Following the completion of the purchase, the chief financial officer now directly owns 166,969 shares in the company, valued at approximately $3,235,859.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Inderpal S. Bhandari purchased 3,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were bought at an average cost of $18.05 per share, for a total transaction of $54,150.00. Following the purchase, the director now owns 3,000 shares of the company’s stock, valued at $54,150. The disclosure for this purchase can be found here. Insiders own 17.40% of the company’s stock.

Analyst Upgrades and Downgrades

WBA has been the topic of a number of research reports. SVB Leerink lowered their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, March 18th. Morgan Stanley lowered their target price on Walgreens Boots Alliance from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft cut their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, April 3rd. Leerink Partnrs reissued a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Monday, February 26th. Finally, Truist Financial restated a “hold” rating and set a $25.00 target price on shares of Walgreens Boots Alliance in a research report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus price target of $24.36.

Check Out Our Latest Report on WBA

Walgreens Boots Alliance Stock Performance

Shares of WBA opened at $18.18 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.32 and a current ratio of 0.66. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of -2.60, a PEG ratio of 1.13 and a beta of 0.80. The company’s 50 day simple moving average is $18.91 and its 200 day simple moving average is $21.33. Walgreens Boots Alliance, Inc. has a 1 year low of $17.12 and a 1 year high of $32.89.

Walgreens Boots Alliance (NASDAQ:WBAGet Free Report) last announced its quarterly earnings data on Thursday, March 28th. The pharmacy operator reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.38. The business had revenue of $37.05 billion for the quarter, compared to the consensus estimate of $35.86 billion. Walgreens Boots Alliance had a negative net margin of 4.18% and a positive return on equity of 12.11%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 earnings per share. On average, sell-side analysts predict that Walgreens Boots Alliance, Inc. will post 3.23 EPS for the current year.

Walgreens Boots Alliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, May 20th. Walgreens Boots Alliance’s payout ratio is -14.29%.

About Walgreens Boots Alliance

(Free Report)

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.

See Also

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

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