Walgreens Boots Alliance, Inc. (WBA) Stake Maintained by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd maintained its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,400 shares of the pharmacy operator’s stock at the end of the first quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Walgreens Boots Alliance were worth $1,030,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in shares of Walgreens Boots Alliance by 26.5% in the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock valued at $760,267,000 after buying an additional 1,917,082 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Walgreens Boots Alliance by 22.9% in the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock valued at $407,982,000 after buying an additional 914,888 shares during the period. Swiss National Bank raised its position in shares of Walgreens Boots Alliance by 27.3% in the first quarter. Swiss National Bank now owns 3,262,703 shares of the pharmacy operator’s stock valued at $270,967,000 after buying an additional 700,400 shares during the period. Sound Shore Management Inc. CT raised its position in shares of Walgreens Boots Alliance by 4.2% in the first quarter. Sound Shore Management Inc. CT now owns 2,068,549 shares of the pharmacy operator’s stock valued at $171,793,000 after buying an additional 83,802 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of Walgreens Boots Alliance by 28.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,982,013 shares of the pharmacy operator’s stock valued at $164,606,000 after buying an additional 444,900 shares during the period. Institutional investors and hedge funds own 61.16% of the company’s stock.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 80.03 on Friday. The company has a market cap of $85.64 billion, a P/E ratio of 20.21 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 1-year low of $75.18 and a 1-year high of $89.69. The stock’s 50 day moving average price is $79.60 and its 200 day moving average price is $82.28.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, June 29th. The pharmacy operator reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. The company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. Walgreens Boots Alliance’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. On average, equities analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current fiscal year.

Walgreens Boots Alliance announced that its board has initiated a stock buyback plan on Thursday, June 29th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the pharmacy operator to buy up to 5.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Wednesday, August 16th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio is 40.30%.

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Several brokerages have issued reports on WBA. Credit Suisse Group reissued a “buy” rating and issued a $97.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Leerink Swann set a $86.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Friday, July 7th. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Citigroup Inc. reaffirmed a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Finally, Needham & Company LLC started coverage on Walgreens Boots Alliance in a research report on Tuesday, June 27th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.69.

In related news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the sale, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.50% of the stock is currently owned by corporate 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).

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

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