Walgreens Boots Alliance Inc (WBA) Shares Sold by Birinyi Associates Inc.

Birinyi Associates Inc. trimmed its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 31.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,050 shares of the pharmacy operator’s stock after selling 1,850 shares during the period. Birinyi Associates Inc.’s holdings in Walgreens Boots Alliance were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. WoodTrust Financial Corp grew its holdings in shares of Walgreens Boots Alliance by 2.1% in the third quarter. WoodTrust Financial Corp now owns 31,178 shares of the pharmacy operator’s stock valued at $2,273,000 after purchasing an additional 656 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Walgreens Boots Alliance by 10.1% in the third quarter. Parkside Financial Bank & Trust now owns 7,649 shares of the pharmacy operator’s stock valued at $557,000 after purchasing an additional 703 shares during the period. New Potomac Partners LLC grew its holdings in shares of Walgreens Boots Alliance by 2.7% in the third quarter. New Potomac Partners LLC now owns 26,661 shares of the pharmacy operator’s stock valued at $1,944,000 after purchasing an additional 709 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Walgreens Boots Alliance by 5.0% in the third quarter. Acadian Asset Management LLC now owns 15,452 shares of the pharmacy operator’s stock valued at $1,126,000 after purchasing an additional 731 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of Walgreens Boots Alliance by 5.6% in the third quarter. Savant Capital LLC now owns 14,491 shares of the pharmacy operator’s stock valued at $1,056,000 after purchasing an additional 766 shares during the period. Institutional investors and hedge funds own 64.81% of the company’s stock.

A number of brokerages recently issued reports on WBA. Citigroup lowered shares of Walgreens Boots Alliance from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Monday, July 9th. BidaskClub raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Robert W. Baird upped their price objective on shares of Walgreens Boots Alliance from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 12th. ValuEngine raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Friday, October 12th. Finally, SunTrust Banks increased their target price on shares of Walgreens Boots Alliance to $75.00 and gave the stock a “hold” rating in a research note on Friday, October 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $78.22.

In other news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $79.48, for a total value of $217,457.28. Following the completion of the transaction, the director now owns 8,207 shares of the company’s stock, valued at $652,292.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kimberly R. Scardino sold 11,970 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $79.79, for a total transaction of $955,086.30. The disclosure for this sale can be found here. In the last three months, insiders sold 66,706 shares of company stock valued at $5,268,584. Insiders own 14.80% of the company’s stock.

Shares of WBA stock opened at $79.30 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.82 and a debt-to-equity ratio of 0.47. Walgreens Boots Alliance Inc has a 1-year low of $59.07 and a 1-year high of $80.68. The stock has a market cap of $75.27 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.23 and a beta of 0.74.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a net margin of 3.82% and a return on equity of 21.75%. The business had revenue of $33.44 billion during the quarter, compared to analyst estimates of $33.64 billion. Equities research analysts anticipate that Walgreens Boots Alliance Inc will post 6.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Monday, November 12th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, November 8th. Walgreens Boots Alliance’s payout ratio is 29.24%.

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

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