Walgreens Boots Alliance Inc (NASDAQ:WBA) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

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Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 242.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,947 shares of the pharmacy operator’s stock after acquiring an additional 65,100 shares during the quarter. Walgreens Boots Alliance accounts for approximately 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 28th largest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Walgreens Boots Alliance were worth $5,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Colony Group LLC raised its position in Walgreens Boots Alliance by 2.3% during the fourth quarter. Colony Group LLC now owns 6,142 shares of the pharmacy operator’s stock valued at $420,000 after acquiring an additional 141 shares in the last quarter. Covington Capital Management increased its position in shares of Walgreens Boots Alliance by 11.1% during the fourth quarter. Covington Capital Management now owns 1,500 shares of the pharmacy operator’s stock worth $102,000 after purchasing an additional 150 shares in the last quarter. Barnett & Company Inc. increased its position in shares of Walgreens Boots Alliance by 11.1% during the fourth quarter. Barnett & Company Inc. now owns 1,501 shares of the pharmacy operator’s stock worth $103,000 after purchasing an additional 150 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of Walgreens Boots Alliance by 10.1% during the fourth quarter. Focused Wealth Management Inc now owns 1,651 shares of the pharmacy operator’s stock worth $113,000 after purchasing an additional 151 shares in the last quarter. Finally, Mission Wealth Management LP increased its position in shares of Walgreens Boots Alliance by 5.9% during the fourth quarter. Mission Wealth Management LP now owns 3,124 shares of the pharmacy operator’s stock worth $213,000 after purchasing an additional 175 shares in the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

In related news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the sale, the chief accounting officer now directly owns 435,811 shares of the company’s stock, valued at approximately $23,119,773.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Ornella Barra bought 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the transaction, the chief operating officer now owns 26,425 shares in the company, valued at $1,441,748. The disclosure for this purchase can be found here. Corporate insiders own 15.73% of the company’s stock.

NASDAQ WBA traded down $0.01 during trading hours on Tuesday, hitting $52.80. 5,104,077 shares of the company were exchanged, compared to its average volume of 6,226,479. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.78 and a quick ratio of 0.38. Walgreens Boots Alliance Inc has a 52-week low of $49.31 and a 52-week high of $86.31. The company has a market cap of $48.38 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 1.08 and a beta of 0.77.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The company had revenue of $34.53 billion for the quarter, compared to analysts’ expectations of $34.57 billion. During the same quarter last year, the company earned $1.73 EPS. Walgreens Boots Alliance’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Monday, May 20th were issued a $0.44 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.33%. Walgreens Boots Alliance’s payout ratio is currently 29.24%.

WBA has been the subject of several research reports. Citigroup dropped their price target on Walgreens Boots Alliance from $76.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Morgan Stanley set a $61.00 price objective on Walgreens Boots Alliance and gave the stock a “hold” rating in a research note on Tuesday, May 14th. ValuEngine lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Bank of America reissued an “underperform” rating and set a $62.00 price objective (down previously from $69.00) on shares of Walgreens Boots Alliance in a research note on Friday, March 8th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.89.

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About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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

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