California Public Employees Retirement System Has $161.93 Million Stake in Walgreens Boots Alliance Inc (WBA)

California Public Employees Retirement System lifted its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 0.1% during the third quarter, HoldingsChannel reports. The firm owned 2,096,982 shares of the pharmacy operator’s stock after acquiring an additional 3,138 shares during the quarter. California Public Employees Retirement System’s holdings in Walgreens Boots Alliance were worth $161,929,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in shares of Walgreens Boots Alliance during the 2nd quarter worth approximately $1,253,000. Stock Yards Bank & Trust Co. increased its holdings in shares of Walgreens Boots Alliance by 2.4% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 25,628 shares of the pharmacy operator’s stock worth $2,007,000 after acquiring an additional 600 shares during the last quarter. Capital One National Association increased its holdings in shares of Walgreens Boots Alliance by 11.6% during the 2nd quarter. Capital One National Association now owns 3,654 shares of the pharmacy operator’s stock worth $286,000 after acquiring an additional 379 shares during the last quarter. City Holding Co. increased its holdings in shares of Walgreens Boots Alliance by 3.2% during the 2nd quarter. City Holding Co. now owns 29,990 shares of the pharmacy operator’s stock worth $2,348,000 after acquiring an additional 930 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Walgreens Boots Alliance by 16.6% during the 2nd quarter. Koshinski Asset Management Inc. now owns 10,624 shares of the pharmacy operator’s stock worth $832,000 after acquiring an additional 1,515 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Shares of Walgreens Boots Alliance Inc (WBA) opened at $76.07 on Friday. The stock has a market capitalization of $75,340.00, a price-to-earnings ratio of 21.01, a PEG ratio of 1.29 and a beta of 1.22. Walgreens Boots Alliance Inc has a 1-year low of $63.82 and a 1-year high of $88.00. 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 released its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. The company had revenue of $30.74 billion for the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. Walgreens Boots Alliance’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. research analysts anticipate that Walgreens Boots Alliance Inc will post 5.59 earnings per share for the current year.

Walgreens Boots Alliance announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In related news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total transaction of $184,324.32. Following the completion of the sale, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Anthony Lederer acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at $3,350,000. The disclosure for this purchase can be found here. Corporate insiders own 14.80% of the company’s stock.

A number of research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $88.00 target price (up from $86.00) on shares of Walgreens Boots Alliance in a report on Wednesday. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday. Loop Capital set a $90.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird reissued an “outperform” rating and set a $80.00 target price (down from $90.00) on shares of Walgreens Boots Alliance in a report on Thursday, October 19th. They noted that the move was a valuation call. Finally, Royal Bank of Canada started coverage on Walgreens Boots Alliance in a report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 target price on the stock. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $86.15.

ILLEGAL ACTIVITY NOTICE: “California Public Employees Retirement System Has $161.93 Million Stake in Walgreens Boots Alliance Inc (WBA)” was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.themarketsdaily.com/2018/01/13/california-public-employees-retirement-system-has-161-93-million-stake-in-walgreens-boots-alliance-inc-wba.html.

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).

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.

Latest News

Leave a Reply