Pictet Asset Management Ltd. Decreases Position in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Pictet Asset Management Ltd. decreased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,023 shares of the pharmacy operator’s stock after selling 12,250 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Walgreens Boots Alliance were worth $19,464,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Family Legacy Inc. lifted its stake in Walgreens Boots Alliance by 2.5% in the first quarter. Family Legacy Inc. now owns 8,020 shares of the pharmacy operator’s stock valued at $442,000 after buying an additional 195 shares during the last quarter. Cable Hill Partners LLC increased its holdings in shares of Walgreens Boots Alliance by 40.0% in the first quarter. Cable Hill Partners LLC now owns 700 shares of the pharmacy operator’s stock valued at $44,000 after purchasing an additional 200 shares during the period. Exencial Wealth Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 1.0% in the first quarter. Exencial Wealth Advisors LLC now owns 20,134 shares of the pharmacy operator’s stock valued at $1,274,000 after purchasing an additional 207 shares during the period. Alpha Quant Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 0.9% in the first quarter. Alpha Quant Advisors LLC now owns 23,730 shares of the pharmacy operator’s stock valued at $1,501,000 after purchasing an additional 216 shares during the period. Finally, TrinityPoint Wealth LLC increased its holdings in shares of Walgreens Boots Alliance by 6.5% in the first quarter. TrinityPoint Wealth LLC now owns 3,615 shares of the pharmacy operator’s stock valued at $229,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 59.80% of the company’s stock.

WBA stock traded up $0.12 on Friday, reaching $55.68. 210,711 shares of the company’s stock were exchanged, compared to its average volume of 4,468,094. The stock has a fifty day moving average of $52.32 and a 200-day moving average of $55.15. Walgreens Boots Alliance Inc has a twelve month low of $49.03 and a twelve month high of $86.31. The firm has a market cap of $51.37 billion, a PE ratio of 9.26, a P/E/G ratio of 1.42 and a beta of 0.88. The company has a quick ratio of 0.37, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.



Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. The firm had revenue of $34.59 billion for the quarter, compared to analyst estimates of $34.52 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. Walgreens Boots Alliance’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 20th were issued a dividend of $0.458 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Monday, August 19th. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. Walgreens Boots Alliance’s dividend payout ratio is currently 30.40%.

A number of research analysts have recently issued reports on WBA shares. Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 target price on the stock. in a report on Monday, June 10th. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Wednesday. ValuEngine raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Bank of America dropped their target price on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Finally, Morgan Stanley dropped their target price on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $63.65.

In related news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the transaction, the chief accounting officer now owns 357,851 shares of the company’s stock, valued at $18,064,318.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.73% of the company’s stock.

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 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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