Walgreens Boots Alliance Inc (WBA) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,262,098 shares of the pharmacy operator’s stock after selling 167,741 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Walgreens Boots Alliance worth $86,239,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its holdings in Walgreens Boots Alliance by 12,422.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock worth $509,000 after purchasing an additional 34,529,539 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Walgreens Boots Alliance by 71,970.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,640,855 shares of the pharmacy operator’s stock worth $848,617,000 after purchasing an additional 11,624,703 shares in the last quarter. Boston Partners increased its holdings in Walgreens Boots Alliance by 3,449.3% during the 4th quarter. Boston Partners now owns 3,973,944 shares of the pharmacy operator’s stock worth $271,540,000 after purchasing an additional 3,861,981 shares in the last quarter. Franklin Resources Inc. increased its holdings in Walgreens Boots Alliance by 21.5% during the 3rd quarter. Franklin Resources Inc. now owns 18,789,390 shares of the pharmacy operator’s stock worth $1,369,796,000 after purchasing an additional 3,318,524 shares in the last quarter. Finally, Capital World Investors increased its holdings in Walgreens Boots Alliance by 18.2% during the 3rd quarter. Capital World Investors now owns 18,089,012 shares of the pharmacy operator’s stock worth $1,318,689,000 after purchasing an additional 2,790,213 shares in the last quarter. 61.94% of the stock is currently owned by institutional investors and hedge funds.

Walgreens Boots Alliance stock opened at $62.79 on Thursday. Walgreens Boots Alliance Inc has a 52 week low of $59.07 and a 52 week high of $86.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.80 and a quick ratio of 0.36. The stock has a market cap of $60.16 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 1.04 and a beta of 0.88.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. The business had revenue of $33.79 billion during the quarter, compared to analysts’ expectations of $33.90 billion. During the same quarter last year, the company posted $1.28 earnings per share. Walgreens Boots Alliance’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts predict that Walgreens Boots Alliance Inc will post 6.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Friday, February 15th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, February 14th. Walgreens Boots Alliance’s payout ratio is currently 29.24%.

WBA has been the subject of a number of research reports. Needham & Company LLC upgraded Walgreens Boots Alliance to a “buy” rating and set a $94.00 target price for the company in a report on Thursday, December 20th. Loop Capital set a $82.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Friday, November 30th. BidaskClub cut Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 18th. Finally, Morgan Stanley raised their price objective on Walgreens Boots Alliance from $55.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, December 3rd. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $77.94.

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About Walgreens Boots Alliance

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.

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

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