Numeric Investors LLC Acquires 496,000 Shares of Walgreens Boots Alliance, Inc. (WBA)

Numeric Investors LLC grew its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 9,185.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 501,400 shares of the pharmacy operator’s stock after acquiring an additional 496,000 shares during the period. Numeric Investors LLC’s holdings in Walgreens Boots Alliance were worth $39,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pathstone Family Office LLC raised its position in shares of Walgreens Boots Alliance by 226.6% during the 2nd quarter. Pathstone Family Office LLC now owns 1,179 shares of the pharmacy operator’s stock valued at $1,969,000 after purchasing an additional 818 shares during the period. Hudock Capital Group LLC raised its position in shares of 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 valued at $102,000 after purchasing an additional 6 shares during the period. Reilly Financial Advisors LLC raised its position in shares of Walgreens Boots Alliance by 7.9% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock valued at $107,000 after purchasing an additional 100 shares during the period. Founders Capital Management bought a new stake in shares of Walgreens Boots Alliance during the 1st quarter valued at $161,000. Finally, Hanson McClain Inc. raised its position in shares of Walgreens Boots Alliance by 4.6% during the 2nd quarter. Hanson McClain Inc. now owns 1,987 shares of the pharmacy operator’s stock valued at $156,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 63.35% of the company’s stock.

WBA has been the topic of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. Loop Capital initiated coverage on shares of Walgreens Boots Alliance in a research report on Thursday, August 24th. They set a “buy” rating and a $95.00 price objective on the stock. UBS AG restated a “buy” rating and set a $96.00 price objective (down from $97.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, August 23rd. Finally, Mizuho set a $94.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and an average price target of $87.63.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at $71.16 on Wednesday. Walgreens Boots Alliance, Inc. has a 52 week low of $63.82 and a 52 week high of $88.00. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. The company has a market cap of $71,455.88, a PE ratio of 13.88, a P/E/G ratio of 1.26 and a beta of 1.20.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.10. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The firm had revenue of $30.15 billion during the quarter, compared to analysts’ expectations of $29.93 billion. During the same period in the previous year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. analysts predict that Walgreens Boots Alliance, Inc. will post 5.55 earnings per share for the current year.

Walgreens Boots Alliance announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the pharmacy operator to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. Walgreens Boots Alliance’s dividend payout ratio is presently 42.33%.

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In related news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the completion of the transaction, the director now directly owns 16,415 shares of the company’s stock, valued at approximately $1,105,878.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Anthony Lederer purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were purchased at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at approximately $3,350,000. The disclosure for this purchase can be found here. 13.50% of the stock is currently owned by insiders.

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).

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

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