IPG Investment Advisors LLC Maintains Holdings in Walgreens Boots Alliance, Inc. (WBA)

IPG Investment Advisors LLC continued to hold its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,510 shares of the pharmacy operator’s stock at the close of the first quarter. Walgreens Boots Alliance makes up 1.9% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 15th largest position. IPG Investment Advisors LLC’s holdings in Walgreens Boots Alliance were worth $4,278,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Patten & Patten Inc. TN increased its holdings in Walgreens Boots Alliance by 1.1% during the 1st quarter. Patten & Patten Inc. TN now owns 112,309 shares of the pharmacy operator’s stock worth $9,327,000 after purchasing an additional 1,172 shares in the last quarter. WealthTrust Arizona LLC grew its holdings in shares of Walgreens Boots Alliance by 0.4% in the first quarter. WealthTrust Arizona LLC now owns 5,243 shares of the pharmacy operator’s stock valued at $435,000 after acquiring an additional 19 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 0.7% in the first quarter. Nisa Investment Advisors LLC now owns 314,480 shares of the pharmacy operator’s stock valued at $26,118,000 after acquiring an additional 2,220 shares in the last quarter. Alta Capital Management LLC grew its holdings in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Alta Capital Management LLC now owns 261,826 shares of the pharmacy operator’s stock valued at $21,744,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Ledyard National Bank grew its holdings in shares of Walgreens Boots Alliance by 32.8% in the first quarter. Ledyard National Bank now owns 4,250 shares of the pharmacy operator’s stock valued at $353,000 after acquiring an additional 1,050 shares in the last quarter. 60.18% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently issued reports on the company. BidaskClub lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a report on Sunday, September 10th. Jefferies Group LLC reissued a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Thursday, September 7th. Loop Capital assumed coverage on Walgreens Boots Alliance in a report on Thursday, August 24th. They set a “buy” rating and a $95.00 price objective for the company. Finally, UBS AG reissued a “buy” rating and set a $96.00 price objective (down from $97.00) on shares of Walgreens Boots Alliance in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $91.81.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded up 0.60% during mid-day trading on Friday, hitting $82.50. The company had a trading volume of 22,167,526 shares. Walgreens Boots Alliance, Inc. has a 1-year low of $75.18 and a 1-year high of $89.69. The stock has a 50 day moving average price of $81.26 and a 200-day moving average price of $81.99. The stock has a market capitalization of $88.28 billion, a PE ratio of 20.83 and a beta of 1.26.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio is currently 40.30%.

Walgreens Boots Alliance declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 29th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the pharmacy operator to purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other news, 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 transaction of $218,305.44. Following the sale, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.50% of the stock is currently owned by corporate insiders.

About Walgreens Boots Alliance

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).

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

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