Walgreens Boots Alliance Inc (WBA) Stake Boosted by WoodTrust Financial Corp

WoodTrust Financial Corp raised its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,178 shares of the pharmacy operator’s stock after purchasing an additional 656 shares during the period. WoodTrust Financial Corp’s holdings in Walgreens Boots Alliance were worth $2,273,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WBA. BlackRock Inc. increased its position in shares of Walgreens Boots Alliance by 1.5% in the 2nd quarter. BlackRock Inc. now owns 53,148,612 shares of the pharmacy operator’s stock valued at $3,189,715,000 after acquiring an additional 771,307 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Walgreens Boots Alliance by 11.5% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,110,617 shares of the pharmacy operator’s stock valued at $666,804,000 after acquiring an additional 1,143,819 shares during the period. Northern Trust Corp increased its position in shares of Walgreens Boots Alliance by 1.9% in the 2nd quarter. Northern Trust Corp now owns 11,102,159 shares of the pharmacy operator’s stock valued at $666,296,000 after acquiring an additional 208,235 shares during the period. Bank of New York Mellon Corp increased its position in shares of Walgreens Boots Alliance by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,875,615 shares of the pharmacy operator’s stock valued at $652,699,000 after acquiring an additional 320,484 shares during the period. Finally, LSV Asset Management increased its position in shares of Walgreens Boots Alliance by 17.2% in the 2nd quarter. LSV Asset Management now owns 8,704,233 shares of the pharmacy operator’s stock valued at $522,384,000 after acquiring an additional 1,277,546 shares during the period. 61.92% of the stock is currently owned by institutional investors and hedge funds.

WBA has been the topic of several research reports. TheStreet raised Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. BidaskClub raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, June 19th. Loop Capital upped their target price on Walgreens Boots Alliance to $80.00 and gave the company a “buy” rating in a research report on Friday, June 29th. Finally, Barclays upped their target price on Walgreens Boots Alliance from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday. One equities 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 given a strong buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Hold” and a consensus price target of $78.22.

In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total value of $180,548.64. Following the transaction, the director now directly owns 10,943 shares of the company’s stock, valued at approximately $722,128.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.80% of the company’s stock.

Shares of WBA stock traded up $1.56 during mid-day trading on Tuesday, hitting $76.28. 6,712,932 shares of the stock were exchanged, compared to its average volume of 6,238,140. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 0.44. Walgreens Boots Alliance Inc has a 52-week low of $59.07 and a 52-week high of $80.68. The firm has a market cap of $72.35 billion, a P/E ratio of 14.96, a PEG ratio of 1.11 and a beta of 1.04.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. The business had revenue of $33.44 billion for the quarter, compared to analyst estimates of $33.64 billion. On average, analysts anticipate that Walgreens Boots Alliance Inc will post 5.98 earnings per share for the current fiscal year.

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 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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