Bank of The Ozarks trimmed its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,343 shares of the pharmacy operator’s stock after selling 1,038 shares during the period. Bank of The Ozarks’ holdings in Walgreens Boots Alliance were worth $606,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of WBA. Vanguard Group Inc. boosted its position in Walgreens Boots Alliance by 2.8% during the second quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock worth $5,480,577,000 after acquiring an additional 1,926,108 shares during the last quarter. Franklin Resources Inc. boosted its position in Walgreens Boots Alliance by 24.7% during the second quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after acquiring an additional 3,662,302 shares during the last quarter. Nordea Investment Management AB boosted its position in Walgreens Boots Alliance by 1.0% during the third quarter. Nordea Investment Management AB now owns 10,182,388 shares of the pharmacy operator’s stock worth $786,284,000 after acquiring an additional 96,552 shares during the last quarter. CI Global Investments Inc. boosted its position in Walgreens Boots Alliance by 32.0% during the fourth quarter. CI Global Investments Inc. now owns 7,373,589 shares of the pharmacy operator’s stock worth $535,470,000 after acquiring an additional 1,785,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Walgreens Boots Alliance by 12.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,641,826 shares of the pharmacy operator’s stock worth $512,893,000 after acquiring an additional 735,917 shares during the last quarter. 61.24% of the stock is owned by institutional investors and hedge funds.
Walgreens Boots Alliance Inc (WBA) opened at $68.22 on Friday. The firm has a market cap of $67,580.00, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18. Walgreens Boots Alliance Inc has a 1-year low of $63.82 and a 1-year high of $88.00. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Thursday, February 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.35%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 44.20%.
Walgreens Boots Alliance declared that its board has authorized a stock buyback plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the pharmacy operator to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
A number of analysts recently issued reports on WBA shares. Needham & Company LLC restated a “buy” rating and set a $94.00 target price on shares of Walgreens Boots Alliance in a research report on Thursday, October 12th. SunTrust Banks set a $72.00 target price on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a research report on Sunday, October 15th. Zacks Investment Research lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird restated an “outperform” rating and set a $80.00 target price (down previously from $90.00) on shares of Walgreens Boots Alliance in a research report on Thursday, October 19th. They noted that the move was a valuation call. Finally, Pivotal Research decreased their target price on shares of Walgreens Boots Alliance from $85.00 to $73.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Walgreens Boots Alliance has a consensus rating of “Buy” and a consensus target price of $85.53.
In other Walgreens Boots Alliance news, insider Stefano Pessina bought 98,858 shares of Walgreens Boots Alliance stock in a transaction that occurred on Monday, January 15th. The shares were acquired at an average price of $76.07 per share, for a total transaction of $7,520,128.06. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 14.80% of the stock is owned by company insiders.
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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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