K.J. Harrison & Partners Inc Buys 1,870 Shares of Walgreens Boots Alliance, Inc. (WBA)
K.J. Harrison & Partners Inc boosted its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,140 shares of the pharmacy operator’s stock after buying an additional 1,870 shares during the period. Walgreens Boots Alliance accounts for approximately 1.9% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 9th largest position. K.J. Harrison & Partners Inc’s holdings in Walgreens Boots Alliance were worth $4,579,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Glassman Wealth Services increased its stake in shares of Walgreens Boots Alliance by 0.6% in the fourth quarter. Glassman Wealth Services now owns 2,898 shares of the pharmacy operator’s stock worth $240,000 after buying an additional 18 shares during the last quarter. WealthTrust Arizona LLC increased its stake 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 worth $435,000 after buying an additional 19 shares during the last quarter. Thomaspartners Inc. increased its stake in shares of Walgreens Boots Alliance by 0.5% in the third quarter. Thomaspartners Inc. now owns 4,357 shares of the pharmacy operator’s stock worth $351,000 after buying an additional 20 shares during the last quarter. Wade G W & Inc. increased its stake in shares of Walgreens Boots Alliance by 0.5% in the third quarter. Wade G W & Inc. now owns 5,049 shares of the pharmacy operator’s stock worth $407,000 after buying an additional 25 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its stake in shares of Walgreens Boots Alliance by 0.4% in the third quarter. Sheets Smith Wealth Management now owns 6,815 shares of the pharmacy operator’s stock worth $549,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded down 4.99% during midday trading on Friday, hitting $78.44. The company had a trading volume of 14,953,927 shares. The company has a market cap of $84.79 billion, a price-to-earnings ratio of 20.16 and a beta of 1.20. Walgreens Boots Alliance, Inc. has a 12 month low of $76.26 and a 12 month high of $88.00. The firm has a 50-day moving average price of $83.02 and a 200-day moving average price of $83.80. Walgreens Boots Alliance also saw some unusual options trading activity on Thursday. Traders bought 23,262 call options on the company. This is an increase of 320% compared to the typical daily volume of 5,535 call options.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Wednesday, April 5th. The pharmacy operator reported $1.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.36. Walgreens Boots Alliance had a net margin of 3.66% and a return on equity of 16.86%. The company had revenue of $29.45 billion for the quarter, compared to analyst estimates of $30.17 billion. During the same period in the prior year, the firm posted $1.31 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts anticipate that Walgreens Boots Alliance, Inc. will post $4.97 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Thursday, May 18th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.91%. The ex-dividend date was Tuesday, May 16th. Walgreens Boots Alliance’s dividend payout ratio is presently 38.36%.
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WBA has been the topic of a number of recent research reports. Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $92.00 price objective on shares of Walgreens Boots Alliance in a research report on Wednesday, March 22nd. Leerink Swann set a $90.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Tuesday, April 11th. Jefferies Group LLC lowered their price target on Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, May 31st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $96.00 price target on shares of Walgreens Boots Alliance in a report on Monday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $90.62.
In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $85.89, for a total transaction of $234,995.04. Following the transaction, the director now directly owns 21,887 shares of the company’s stock, valued at $1,879,874.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.50% of the stock is 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).
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