Public Employees Retirement System of Ohio reduced its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 610,332 shares of the pharmacy operator’s stock after selling 31,486 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Walgreens Boots Alliance were worth $44,322,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Hudock Capital Group LLC lifted its stake 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 valued at $102,000 after purchasing an additional 6 shares during the last quarter. Westside Investment Management Inc. lifted its stake in Walgreens Boots Alliance by 10.4% during the second quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock valued at $102,000 after purchasing an additional 125 shares during the last quarter. Zions Bancorporation raised its holdings in shares of Walgreens Boots Alliance by 983.3% during the third quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock valued at $105,000 after acquiring an additional 1,239 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Walgreens Boots Alliance by 46.3% during the second quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock valued at $135,000 after acquiring an additional 2,199 shares during the period. Finally, Bristlecone Advisors LLC acquired a new stake in shares of Walgreens Boots Alliance during the third quarter valued at approximately $135,000. 61.57% of the stock is owned by institutional investors.
In other Walgreens Boots Alliance news, insider Stefano Pessina purchased 98,858 shares of the company’s stock in a transaction dated Monday, January 15th. The shares were bought at an average price of $76.07 per share, for a total transaction of $7,520,128.06. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.80% of the stock is currently owned by corporate insiders.
Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $70.92 on Friday. The firm has a market cap of $71,410.00, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.17 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 12 month low of $63.82 and a 12 month high of $88.00.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion for the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. equities research analysts expect that Walgreens Boots Alliance Inc will post 5.73 earnings per share for the current year.
Walgreens Boots Alliance declared that its Board of Directors has approved a stock buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the pharmacy operator to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 annualized dividend and a yield of 2.26%. Walgreens Boots Alliance’s dividend payout ratio is presently 44.20%.
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Walgreens Boots Alliance 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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