Walgreens Boots Alliance, Inc. (WBA) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,724 shares of the pharmacy operator’s stock after acquiring an additional 14,798 shares during the period. KCM Investment Advisors LLC’s holdings in Walgreens Boots Alliance were worth $12,743,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hudock Capital Group LLC raised its stake in shares of 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 acquiring an additional 6 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Walgreens Boots Alliance by 7.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock valued at $107,000 after acquiring an additional 100 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Walgreens Boots Alliance by 14.1% during the second quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock valued at $135,000 after acquiring an additional 213 shares in the last quarter. Private Vista LLC raised its stake in shares of Walgreens Boots Alliance by 6,403.7% during the second quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock valued at $140,000 after acquiring an additional 574,218 shares in the last quarter. Finally, Hanson McClain Inc. raised its stake in shares of Walgreens Boots Alliance by 4.6% during the second quarter. Hanson McClain Inc. now owns 1,987 shares of the pharmacy operator’s stock valued at $156,000 after acquiring an additional 87 shares in the last quarter. 63.79% of the stock is owned by hedge funds and other institutional investors.

WBA has been the subject of a number of recent research reports. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Friday. Citigroup Inc. reduced their price objective on shares of Walgreens Boots Alliance from $95.00 to $81.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Leerink Swann downgraded shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Jefferies Group LLC set a $93.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $87.63.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the sale, the director now directly owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Anthony Lederer purchased 20,000 shares of the stock in a transaction on Thursday, October 26th. The stock was acquired at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The disclosure for this purchase can be found here. 13.50% of the stock is owned by insiders.

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Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at $70.99 on Friday. The firm has a market cap of $70,204.04, a price-to-earnings ratio of 13.64, a PEG ratio of 1.24 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. 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 Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.10. The firm had revenue of $30.15 billion for the quarter, compared to analyst estimates of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. analysts predict that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th 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 2.25%. The ex-dividend date is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 42.33%.

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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