Campbell & CO Investment Adviser LLC bought a new position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) during the third quarter, Holdings Channel reports. The institutional investor bought 9,527 shares of the pharmacy operator’s stock, valued at approximately $695,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Walgreens Boots Alliance by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,337,735 shares of the pharmacy operator’s stock worth $87,581,000 after buying an additional 3,623 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Walgreens Boots Alliance by 2.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 179,986 shares of the pharmacy operator’s stock worth $10,802,000 after buying an additional 4,934 shares in the last quarter. Bank of Montreal Can increased its stake in Walgreens Boots Alliance by 26.5% during the 2nd quarter. Bank of Montreal Can now owns 1,652,115 shares of the pharmacy operator’s stock worth $99,153,000 after buying an additional 346,173 shares in the last quarter. Calamos Advisors LLC increased its stake in Walgreens Boots Alliance by 6.2% during the 2nd quarter. Calamos Advisors LLC now owns 259,661 shares of the pharmacy operator’s stock worth $15,584,000 after buying an additional 15,084 shares in the last quarter. Finally, AMG National Trust Bank purchased a new stake in Walgreens Boots Alliance during the 2nd quarter worth approximately $1,434,000. Institutional investors and hedge funds own 64.58% of the company’s stock.

Several equities research analysts have commented on the company. Barclays boosted their price objective on Walgreens Boots Alliance from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, October 12th. BidaskClub upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Citigroup boosted their price objective on Walgreens Boots Alliance from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, September 25th. Finally, Robert W. Baird upped their price target on Walgreens Boots Alliance from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, September 11th. One 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 presently has an average rating of “Hold” and a consensus price target of $78.22.

In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $79.48, for a total value of $217,457.28. Following the completion of the transaction, the director now directly owns 8,207 shares in the company, valued at $652,292.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathleen Wilson-Thompson sold 52,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total value of $4,096,040.00. Following the completion of the transaction, the executive vice president now owns 81,076 shares of the company’s stock, valued at $6,386,356.52. The disclosure for this sale can be found here. Insiders sold 66,706 shares of company stock valued at $5,268,584 over the last quarter. 14.80% of the stock is currently owned by company insiders.

WBA stock opened at $82.29 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.82 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $77.65 billion, a PE ratio of 13.67, a P/E/G ratio of 1.30 and a beta of 0.74. Walgreens Boots Alliance Inc has a 1 year low of $59.07 and a 1 year high of $83.18.

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

The firm 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. The ex-dividend date is Thursday, November 8th. This represents a $1.76 annualized dividend and a yield of 2.14%. Walgreens Boots Alliance’s payout ratio is 29.24%.

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Walgreens Boots Alliance 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 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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