Check Capital Management Inc. CA Invests $12.35 Million in Walgreens Boots Alliance Inc (WBA) Stock

Check Capital Management Inc. CA acquired a new stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 170,100 shares of the pharmacy operator’s stock, valued at approximately $12,353,000. Walgreens Boots Alliance makes up 0.7% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBA. Hudock Capital Group LLC increased its position in Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after buying an additional 6 shares in the last quarter. Northern Capital Management LLC increased its position in Walgreens Boots Alliance by 0.4% during the second quarter. Northern Capital Management LLC now owns 6,635 shares of the pharmacy operator’s stock worth $520,000 after buying an additional 25 shares in the last quarter. MAI Capital Management increased its position in Walgreens Boots Alliance by 0.6% during the second quarter. MAI Capital Management now owns 5,272 shares of the pharmacy operator’s stock worth $413,000 after buying an additional 34 shares in the last quarter. Truepoint Inc. increased its position in Walgreens Boots Alliance by 0.5% during the second quarter. Truepoint Inc. now owns 8,614 shares of the pharmacy operator’s stock worth $698,000 after buying an additional 39 shares in the last quarter. Finally, Girard Partners LTD. increased its position in Walgreens Boots Alliance by 1.9% during the second quarter. Girard Partners LTD. now owns 3,053 shares of the pharmacy operator’s stock worth $239,000 after buying an additional 56 shares in the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Mizuho set a $87.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 24th. ValuEngine downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Loop Capital set a $90.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Evercore ISI assumed coverage on Walgreens Boots Alliance in a research report on Thursday, January 4th. They set an “outperform” rating and a $80.00 price target for the company. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $85.05.

Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $68.49 on Thursday. The company has a market capitalization of $67,850.00, a price-to-earnings ratio of 18.92, a PEG ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. Walgreens Boots Alliance Inc has a 1 year low of $63.82 and a 1 year high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The business had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. analysts expect that Walgreens Boots Alliance Inc will post 5.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Thursday, February 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio is currently 44.20%.

Walgreens Boots Alliance announced that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the pharmacy operator to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of the stock in a transaction dated Monday, January 15th. The stock was acquired at an average price of $76.07 per share, with a total value of $7,520,128.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.80% of the stock is owned by insiders.

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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).

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

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