Trustcore Financial Services LLC Takes Position in Walgreens Boots Alliance Inc (WBA)

Trustcore Financial Services LLC purchased a new stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,130 shares of the pharmacy operator’s stock, valued at approximately $155,000.

Several other hedge funds have also added to or reduced their stakes in WBA. Vanguard Group Inc. increased its position in shares of Walgreens Boots Alliance by 2.8% during the second quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock worth $5,480,577,000 after buying an additional 1,926,108 shares during the period. Franklin Resources Inc. increased its position in shares of Walgreens Boots Alliance by 24.7% during the second quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after buying an additional 3,662,302 shares during the period. Nordea Investment Management AB increased its position in shares of Walgreens Boots Alliance by 1.0% during the third quarter. Nordea Investment Management AB now owns 10,182,388 shares of the pharmacy operator’s stock worth $786,284,000 after buying an additional 96,552 shares during the period. CI Global Investments Inc. increased its position in shares of Walgreens Boots Alliance by 32.0% during the fourth quarter. CI Global Investments Inc. now owns 7,373,589 shares of the pharmacy operator’s stock worth $535,470,000 after buying an additional 1,785,449 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Walgreens Boots Alliance by 12.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,641,826 shares of the pharmacy operator’s stock worth $512,893,000 after buying an additional 735,917 shares during the period. 60.82% of the stock is owned by hedge funds and other institutional investors.

Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $69.67 on Friday. The stock has a market cap of $68,980.27, a PE ratio of 13.19, a PEG ratio of 1.17 and a beta of 1.18. Walgreens Boots Alliance Inc has a twelve month low of $63.82 and a twelve month high of $87.79. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. sell-side analysts anticipate that Walgreens Boots Alliance Inc will post 5.73 EPS for the current fiscal 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio is currently 44.20%.

In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of Walgreens Boots Alliance stock in a transaction dated Monday, January 15th. The stock was purchased at an average cost of $76.07 per share, for a total transaction of $7,520,128.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 14.80% of the stock is owned by company insiders.

WBA has been the subject of several recent analyst reports. Deutsche Bank initiated coverage on shares of Walgreens Boots Alliance in a research report on Monday, December 4th. They set a “hold” rating and a $78.00 price objective for the company. Leerink Swann cut shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Wednesday, February 14th. Loop Capital set a $90.00 price target on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and a consensus price target of $85.37.

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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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