Paragon Capital Management LLC Boosts Position in Walgreens Boots Alliance Inc (WBA)

Paragon Capital Management LLC boosted its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 23.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 97,372 shares of the pharmacy operator’s stock after purchasing an additional 18,191 shares during the quarter. Walgreens Boots Alliance accounts for approximately 2.9% of Paragon Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Paragon Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $6,161,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WBA. Vanguard Group Inc. raised its stake in shares of 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 valued at $5,149,224,000 after purchasing an additional 448,045 shares during the period. Vanguard Group Inc increased its stake in shares of Walgreens Boots Alliance by 0.6% in the third quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after buying an additional 448,045 shares during the last quarter. BlackRock Inc. increased its stake in shares of Walgreens Boots Alliance by 1.7% in the fourth quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock worth $3,668,086,000 after buying an additional 895,469 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of 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 worth $509,000 after buying an additional 34,529,539 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of 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 worth $795,439,000 after buying an additional 641,721 shares during the last quarter. Hedge funds and other institutional investors own 63.07% of the company’s stock.

A number of equities analysts have commented on the stock. Needham & Company LLC raised shares of Walgreens Boots Alliance to a “buy” rating and set a $94.00 price objective for the company in a report on Thursday, December 20th. Loop Capital set a $82.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Thursday, December 20th. BidaskClub downgraded shares of Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 18th. TheStreet downgraded shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a report on Friday, March 29th. Finally, Morgan Stanley reduced their price target on shares of 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 analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.50.



In related news, COO Ornella Barra acquired 18,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Wednesday, April 3rd. The stock was acquired at an average price of $54.56 per share, with a total value of $982,080.00. Following the completion of the acquisition, the chief operating officer now directly owns 26,425 shares of the company’s stock, valued at approximately $1,441,748. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.73% of the company’s stock.

Shares of WBA traded up $0.79 during midday trading on Monday, hitting $54.24. 5,953,271 shares of the stock traded hands, compared to its average volume of 6,727,794. Walgreens Boots Alliance Inc has a 1-year low of $53.32 and a 1-year high of $86.31. The company has a market cap of $48.86 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.06). The company had revenue of $34.53 billion during the quarter, compared to analyst estimates of $34.57 billion. Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.73 EPS. Analysts predict that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.

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Walgreens Boots Alliance Profile

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

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