Heritage Investors Management Corp Decreases Holdings in Walgreens Boots Alliance Inc (WBA)

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Heritage Investors Management Corp cut its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,846 shares of the pharmacy operator’s stock after selling 1,849 shares during the period. Heritage Investors Management Corp’s holdings in Walgreens Boots Alliance were worth $8,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WBA. O Shaughnessy Asset Management LLC boosted its holdings in Walgreens Boots Alliance by 54.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 328,178 shares of the pharmacy operator’s stock worth $23,839,000 after buying an additional 115,452 shares during the period. Summit Asset Management LLC boosted its holdings in shares of Walgreens Boots Alliance by 9.0% during the 3rd quarter. Summit Asset Management LLC now owns 8,976 shares of the pharmacy operator’s stock valued at $654,000 after purchasing an additional 741 shares during the last quarter. Meyer Handelman Co. boosted its holdings in shares of Walgreens Boots Alliance by 17.9% during the 3rd quarter. Meyer Handelman Co. now owns 124,300 shares of the pharmacy operator’s stock valued at $9,061,000 after purchasing an additional 18,850 shares during the last quarter. Fulcrum Capital LLC bought a new position in shares of Walgreens Boots Alliance during the 3rd quarter valued at about $328,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of Walgreens Boots Alliance by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 5,980 shares of the pharmacy operator’s stock valued at $435,000 after purchasing an additional 845 shares during the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.

WBA has been the subject of several research reports. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Saturday, October 13th. BidaskClub downgraded shares of Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 28th. Robert W. Baird increased their price objective on shares of Walgreens Boots Alliance from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 12th. Barclays increased their price objective on shares of Walgreens Boots Alliance from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, October 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walgreens Boots Alliance from $83.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $78.22.

In other news, SVP Kimberly R. Scardino sold 11,970 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $79.79, for a total transaction of $955,086.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the transaction, the executive vice president now directly owns 81,076 shares in the company, valued at $6,386,356.52. The disclosure for this sale can be found here. Insiders sold a total of 66,706 shares of company stock worth $5,268,584 over the last three months. 14.80% of the stock is currently owned by corporate insiders.

Walgreens Boots Alliance stock opened at $82.39 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.38 and a current ratio of 0.82. Walgreens Boots Alliance Inc has a 1-year low of $59.07 and a 1-year high of $83.00. The stock has a market capitalization of $76.50 billion, a P/E ratio of 13.69, a PEG ratio of 1.28 and a beta of 0.74.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a net margin of 3.82% and a return on equity of 21.75%. The company had revenue of $33.44 billion for the quarter, compared to analyst estimates of $33.64 billion. Sell-side analysts expect that Walgreens Boots Alliance Inc will post 6.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 12th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, November 8th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 29.24%.

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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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