Walgreens Boots Alliance Inc (NASDAQ:WBA) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 52.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,812 shares of the pharmacy operator’s stock after acquiring an additional 63,955 shares during the quarter. State of Alaska Department of Revenue’s holdings in Walgreens Boots Alliance were worth $10,221,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Meridian Wealth Management LLC purchased a new stake in shares of Walgreens Boots Alliance in the first quarter valued at approximately $25,000. Sageworth Trust Co purchased a new stake in shares of Walgreens Boots Alliance in the second quarter valued at approximately $27,000. Weaver Consulting Group purchased a new stake in shares of Walgreens Boots Alliance in the first quarter valued at approximately $27,000. First Interstate Bank grew its position in shares of Walgreens Boots Alliance by 228.1% in the second quarter. First Interstate Bank now owns 607 shares of the pharmacy operator’s stock valued at $33,000 after purchasing an additional 422 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of Walgreens Boots Alliance in the second quarter valued at approximately $38,000. 59.69% of the stock is owned by institutional investors and hedge funds.

In other news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 357,851 shares in the company, valued at $18,064,318.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 15.73% of the company’s stock.

A number of research firms have recently issued reports on WBA. Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price target for the company. in a research report on Monday, June 10th. Bank of America lowered their price objective on Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, June 28th. Cleveland Research reiterated a “hold” rating on shares of Walgreens Boots Alliance in a research report on Monday, September 9th. Finally, Royal Bank of Canada lowered Walgreens Boots Alliance to a “hold” rating and set a $59.00 price objective for the company. in a research report on Friday, September 27th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.24.

Walgreens Boots Alliance stock traded up $0.37 during mid-day trading on Friday, hitting $52.97. The company’s stock had a trading volume of 3,352,005 shares, compared to its average volume of 5,763,117. Walgreens Boots Alliance Inc has a 1 year low of $49.03 and a 1 year high of $86.31. The stock’s fifty day moving average is $52.75 and its two-hundred day moving average is $54.02. The firm has a market capitalization of $47.84 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 0.49.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.458 per share. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Monday, August 19th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 30.40%.

Walgreens Boots Alliance Company 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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