Walgreens Boots Alliance Inc (NASDAQ:WBA) Shares Sold by Vivaldi Capital Management LLC

Share on StockTwits

Vivaldi Capital Management LLC reduced its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 46.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,496 shares of the pharmacy operator’s stock after selling 6,490 shares during the quarter. Vivaldi Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $410,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cable Hill Partners LLC grew its stake in shares of Walgreens Boots Alliance by 40.0% during the 1st quarter. Cable Hill Partners LLC now owns 700 shares of the pharmacy operator’s stock worth $44,000 after purchasing an additional 200 shares during the period. Exencial Wealth Advisors LLC grew its position in Walgreens Boots Alliance by 1.0% during the first quarter. Exencial Wealth Advisors LLC now owns 20,134 shares of the pharmacy operator’s stock worth $1,274,000 after buying an additional 207 shares during the period. GWM Advisors LLC grew its position in Walgreens Boots Alliance by 4.5% during the second quarter. GWM Advisors LLC now owns 5,126 shares of the pharmacy operator’s stock worth $280,000 after buying an additional 222 shares during the period. Webster Bank N. A. grew its position in Walgreens Boots Alliance by 37.0% during the second quarter. Webster Bank N. A. now owns 833 shares of the pharmacy operator’s stock worth $45,000 after buying an additional 225 shares during the period. Finally, RB Capital Management LLC grew its position in Walgreens Boots Alliance by 4.9% during the second quarter. RB Capital Management LLC now owns 4,961 shares of the pharmacy operator’s stock worth $271,000 after buying an additional 232 shares during the period. 59.70% of the stock is currently owned by institutional investors.

In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the sale, the chief accounting officer now directly owns 357,851 shares of the company’s stock, valued at approximately $18,064,318.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.73% of the stock is owned by company insiders.

WBA has been the topic of a number of research reports. Bank of America lowered their price target on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Cleveland Research restated a “hold” rating on shares of Walgreens Boots Alliance in a report on Monday, September 9th. Morgan Stanley lowered their price target on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Deutsche Bank initiated coverage on Walgreens Boots Alliance in a report on Thursday, September 12th. They issued a “sell” rating on the stock. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Walgreens Boots Alliance currently has an average rating of “Hold” and a consensus price target of $63.65.

NASDAQ:WBA traded up $0.43 during trading hours on Friday, reaching $55.00. 8,017,402 shares of the company traded hands, compared to its average volume of 4,549,465. The firm’s 50-day moving average is $52.37 and its 200-day moving average is $54.56. The stock has a market cap of $49.14 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.37. Walgreens Boots Alliance Inc has a 1-year low of $49.03 and a 1-year high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $34.59 billion for the quarter, compared to analysts’ expectations of $34.52 billion. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. Walgreens Boots Alliance’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, research analysts predict that Walgreens Boots Alliance Inc will post 5.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 20th were paid a dividend of $0.458 per share. The ex-dividend date was Monday, August 19th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 30.40%.

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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Read More: Management Fee

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance Inc (NASDAQ:WBA).

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

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.