Mn Services Vermogensbeheer B.V. reduced its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 3.1% in the first quarter, HoldingsChannel reports. The firm owned 138,755 shares of the pharmacy operator’s stock after selling 4,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Walgreens Boots Alliance were worth $8,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc boosted its stake in Walgreens Boots Alliance by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock valued at $5,149,224,000 after purchasing an additional 448,045 shares in the last quarter. BlackRock Inc. boosted its stake in Walgreens Boots Alliance by 1.7% during the 4th quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock valued at $3,668,086,000 after purchasing an additional 895,469 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Walgreens Boots Alliance by 12,422.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock valued at $509,000 after purchasing an additional 34,529,539 shares in the last quarter. Northern Trust Corp boosted its stake in Walgreens Boots Alliance by 5.8% during the 4th quarter. Northern Trust Corp now owns 11,641,152 shares of the pharmacy operator’s stock valued at $795,439,000 after purchasing an additional 641,721 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Walgreens Boots Alliance by 3.4% during the 4th quarter. LSV Asset Management now owns 11,564,931 shares of the pharmacy operator’s stock valued at $790,231,000 after purchasing an additional 381,017 shares in the last quarter. 64.77% of the stock is owned by hedge funds and other institutional investors.

In other Walgreens Boots Alliance news, COO Ornella Barra purchased 18,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average price of $54.56 per share, for a total transaction of $982,080.00. Following the completion of the purchase, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $53.05, for a total transaction of $1,061,000.00. Following the transaction, the chief accounting officer now owns 435,811 shares of the company’s stock, valued at approximately $23,119,773.55. The disclosure for this sale can be found here. Company insiders own 15.73% of the company’s stock.

WBA opened at $53.00 on Thursday. The firm has a market capitalization of $47.65 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.77. Walgreens Boots Alliance Inc has a 12-month low of $51.79 and a 12-month high of $86.31. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 0.50.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). The business had revenue of $34.53 billion during the quarter, compared to analyst estimates of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 earnings per share. Sell-side analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Monday, May 20th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

A number of equities analysts have issued reports on the company. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. UBS Group assumed coverage on Walgreens Boots Alliance in a research note on Thursday, January 17th. They set a “sell” rating and a $70.00 price target for the company. Loop Capital set a $82.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. Finally, Robert W. Baird decreased their price target on Walgreens Boots Alliance from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $68.00.

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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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Further Reading: Strike Price

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

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