Walgreens Boots Alliance, Inc. (WBA) Shares Sold by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans lessened its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 98.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,770 shares of the pharmacy operator’s stock after selling 1,691,965 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Walgreens Boots Alliance were worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC raised its stake in 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 buying an additional 6 shares during the last quarter. Modera Wealth Management LLC raised its stake in Walgreens Boots Alliance by 0.4% during the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after buying an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after buying an additional 16 shares during the last quarter. Sowell Financial Services LLC raised its stake in Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock valued at $218,000 after buying an additional 17 shares during the last quarter. Finally, WealthTrust Arizona LLC raised its stake in Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock valued at $412,000 after buying an additional 21 shares during the last quarter. Institutional investors own 63.58% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (WBA) opened at $70.37 on Tuesday. The company has a market capitalization of $71,667.88, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.26 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. Walgreens Boots Alliance, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.10. The company had revenue of $30.15 billion for the quarter, compared to the consensus estimate of $29.93 billion. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. Walgreens Boots Alliance’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. analysts forecast that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current fiscal year.

Walgreens Boots Alliance declared that its Board of Directors has approved a stock buyback 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 purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 10th. This represents a $1.60 annualized dividend and a yield of 2.27%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 42.33%.

A number of research analysts have issued reports on the company. BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Friday. Citigroup Inc. lowered their price objective on 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 cut Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded 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 Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $87.63.

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In related news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance 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 transaction, the director now directly owns 16,415 shares in the company, valued at $1,105,878.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Anthony Lederer bought 20,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now directly 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 currently owned by insiders.

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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