Insider Selling: Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Director Sells 2,736 Shares of Stock

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Director William C. Foote sold 2,736 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the completion of the sale, the director now directly owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 81.26 on Thursday. Walgreens Boots Alliance, Inc. has a 12-month low of $75.18 and a 12-month high of $89.69. The stock’s 50 day moving average price is $79.45 and its 200 day moving average price is $82.30. The firm has a market cap of $86.96 billion, a PE ratio of 20.52 and a beta of 1.25.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.40 per share. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, August 16th. Walgreens Boots Alliance’s payout ratio is currently 37.78%.

Walgreens Boots Alliance announced that its Board of Directors has initiated a share buyback program on Thursday, June 29th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the pharmacy operator to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

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Several research firms have commented on WBA. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Needham & Company LLC set a $94.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Monday, July 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $97.00 price objective 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 note on Friday, July 7th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $90.69.

A number of large investors have recently modified their holdings of the company. Hudock Capital Group LLC boosted its stake in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after buying an additional 5 shares in the last quarter. Modera Wealth Management LLC raised its position in Walgreens Boots Alliance by 0.4% in the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after buying an additional 9 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in Walgreens Boots Alliance by 0.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after buying an additional 16 shares in the last quarter. Sowell Financial Services LLC raised its position in Walgreens Boots Alliance by 0.6% in the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after buying an additional 17 shares in the last quarter. Finally, WealthTrust Arizona LLC raised its position in Walgreens Boots Alliance by 0.4% in the first quarter. WealthTrust Arizona LLC now owns 5,243 shares of the pharmacy operator’s stock worth $435,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 61.16% of the company’s stock.

Walgreens Boots Alliance Company Profile

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).

Insider Buying and Selling by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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