California Public Employees Retirement System decreased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,092,689 shares of the pharmacy operator’s stock after selling 4,293 shares during the quarter. California Public Employees Retirement System’s holdings in Walgreens Boots Alliance were worth $151,971,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Pathstone Family Office LLC lifted its position in shares of Walgreens Boots Alliance by 226.6% in the 2nd quarter. Pathstone Family Office LLC now owns 1,179 shares of the pharmacy operator’s stock worth $1,969,000 after acquiring an additional 818 shares during the period. Hudock Capital Group LLC lifted its position in shares of Walgreens Boots Alliance by 0.5% in the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after acquiring an additional 6 shares during the period. Westside Investment Management Inc. lifted its position in shares of Walgreens Boots Alliance by 10.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after acquiring an additional 125 shares during the period. Zions Bancorporation lifted its position in shares of Walgreens Boots Alliance by 983.3% in the 3rd quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock worth $105,000 after acquiring an additional 1,239 shares during the period. Finally, Bristlecone Advisors LLC bought a new stake in shares of Walgreens Boots Alliance in the 3rd quarter worth approximately $135,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

In related news, insider Stefano Pessina bought 98,858 shares of the company’s stock in a transaction dated Monday, January 15th. The stock was acquired at an average cost of $76.07 per share, with a total value of $7,520,128.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 14.80% of the company’s stock.

A number of brokerages have commented on WBA. Needham & Company LLC reiterated a “buy” rating and issued a $88.00 price objective (up previously from $86.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, January 10th. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Loop Capital set a $90.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Thursday, October 26th. ValuEngine downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $80.00 price objective (down previously from $90.00) on shares of Walgreens Boots Alliance in a research report on Thursday, October 19th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Walgreens Boots Alliance has a consensus rating of “Buy” and an average target price of $85.53.

Walgreens Boots Alliance Inc (WBA) opened at $68.46 on Tuesday. Walgreens Boots Alliance Inc has a twelve month low of $63.82 and a twelve month high of $88.00. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $67,820.00, a P/E ratio of 18.91, a PEG ratio of 1.16 and a beta of 1.18.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same period in the prior year, the firm posted $1.10 EPS. Walgreens Boots Alliance’s quarterly revenue was up 7.9% compared to the same quarter last year. research analysts predict that Walgreens Boots Alliance Inc will post 5.71 earnings per share for the current year.

Walgreens Boots Alliance announced that its board has authorized a share buyback plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Thursday, February 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. Walgreens Boots Alliance’s payout ratio is presently 44.20%.

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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).

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

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