Gulf International Bank UK Ltd boosted its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,907 shares of the pharmacy operator’s stock after buying an additional 14,072 shares during the period. Gulf International Bank UK Ltd’s holdings in Walgreens Boots Alliance were worth $21,061,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in WBA. Asset Dedication LLC raised its holdings in shares of Walgreens Boots Alliance by 204.6% in the third quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock worth $115,000 after buying an additional 1,060 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Walgreens Boots Alliance in the second quarter worth approximately $103,000. CSat Investment Advisory L.P. purchased a new stake in shares of Walgreens Boots Alliance in the second quarter worth approximately $104,000. Squar Milner Financial Services LLC purchased a new stake in shares of Walgreens Boots Alliance in the second quarter worth approximately $106,000. Finally, Kaizen Advisory LLC raised its holdings in shares of Walgreens Boots Alliance by 128.6% in the second quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock worth $116,000 after buying an additional 1,083 shares during the period. 64.57% of the stock is owned by institutional investors.
WBA opened at $80.60 on Wednesday. The firm has a market cap of $75.27 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.23 and a beta of 0.74. Walgreens Boots Alliance Inc has a 52 week low of $59.07 and a 52 week high of $80.68. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 annualized dividend and a yield of 2.18%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
Several equities research analysts have recently weighed in on WBA shares. TheStreet upgraded Walgreens Boots Alliance from a “c+” rating to a “b” rating in a report on Wednesday, September 12th. BidaskClub upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Loop Capital increased their price target on Walgreens Boots Alliance from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 12th. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Tuesday, September 25th. Finally, Barclays increased their price target on Walgreens Boots Alliance from $77.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $78.22.
In other Walgreens Boots Alliance news, EVP Kathleen Wilson-Thompson sold 52,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the sale, the executive vice president now owns 81,076 shares of the company’s stock, valued at approximately $6,386,356.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kimberly R. Scardino sold 11,970 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $79.79, for a total value of $955,086.30. The disclosure for this sale can be found here. Insiders have sold a total of 66,706 shares of company stock worth $5,268,584 in the last ninety days. Insiders own 14.80% of the company’s stock.
Walgreens Boots Alliance Profile
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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.
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