McKinley Carter Wealth Services Inc. lifted its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 16.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,932 shares of the pharmacy operator’s stock after purchasing an additional 5,740 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Walgreens Boots Alliance were worth $2,590,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc increased its stake in Walgreens Boots Alliance by 0.6% during the third quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after acquiring an additional 448,045 shares during the last quarter. BlackRock Inc. boosted its holdings in Walgreens Boots Alliance by 1.7% in the fourth quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock valued at $3,668,086,000 after purchasing an additional 895,469 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Walgreens Boots Alliance by 12,422.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock valued at $509,000 after purchasing an additional 34,529,539 shares during the period. LSV Asset Management boosted its holdings in Walgreens Boots Alliance by 0.9% in the first quarter. LSV Asset Management now owns 11,672,531 shares of the pharmacy operator’s stock valued at $738,521,000 after purchasing an additional 107,600 shares during the period. Finally, Northern Trust Corp boosted its holdings in Walgreens Boots Alliance by 5.8% in the fourth quarter. Northern Trust Corp now owns 11,641,152 shares of the pharmacy operator’s stock valued at $795,439,000 after purchasing an additional 641,721 shares during the period. 64.77% of the stock is owned by hedge funds and other institutional investors.
In other news, COO Ornella Barra bought 18,000 shares of Walgreens Boots Alliance stock in a transaction dated Wednesday, April 3rd. The stock was acquired at an average cost of $54.56 per share, with a total value of $982,080.00. Following the acquisition, the chief operating officer now owns 26,425 shares of the company’s stock, valued at $1,441,748. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the sale, the chief accounting officer now directly owns 435,811 shares of the company’s stock, valued at $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is owned by insiders.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.06). The business had revenue of $34.53 billion for the quarter, compared to analysts’ expectations of $34.57 billion. Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share. On average, equities research analysts expect that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 29.24%.
A number of research firms recently issued reports on WBA. Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Loop Capital lowered Walgreens Boots Alliance from a “buy” rating to a “hold” rating and decreased their target price for the company from $77.00 to $60.00 in a report on Wednesday, April 3rd. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Robert W. Baird decreased their target price on Walgreens Boots Alliance from $70.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, March 1st. Finally, Morgan Stanley decreased their target price on Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating for the company in a report on Tuesday, March 5th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $68.00.
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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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