McKinley Carter Wealth Services Inc. acquired a new stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,733 shares of the pharmacy operator’s stock, valued at approximately $2,022,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in Walgreens Boots Alliance by 1.5% during the 2nd quarter. BlackRock Inc. now owns 53,148,612 shares of the pharmacy operator’s stock worth $3,189,715,000 after buying an additional 771,307 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Walgreens Boots Alliance by 11.5% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,110,617 shares of the pharmacy operator’s stock worth $666,804,000 after buying an additional 1,143,819 shares during the period. Northern Trust Corp increased its position in Walgreens Boots Alliance by 1.9% during the 2nd quarter. Northern Trust Corp now owns 11,102,159 shares of the pharmacy operator’s stock worth $666,296,000 after buying an additional 208,235 shares during the period. Bank of New York Mellon Corp increased its position in Walgreens Boots Alliance by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,875,615 shares of the pharmacy operator’s stock worth $652,699,000 after buying an additional 320,484 shares during the period. Finally, LSV Asset Management increased its position in Walgreens Boots Alliance by 17.2% during the 2nd quarter. LSV Asset Management now owns 8,704,233 shares of the pharmacy operator’s stock worth $522,384,000 after buying an additional 1,277,546 shares during the period. Hedge funds and other institutional investors own 64.57% of the company’s stock.

In related news, EVP Kathleen Wilson-Thompson sold 52,000 shares of Walgreens Boots Alliance 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 transaction, the executive vice president now directly owns 81,076 shares of the company’s stock, valued at $6,386,356.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance 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 disclosure for this sale can be found here. Insiders have sold 66,706 shares of company stock worth $5,268,584 over the last three months. Insiders own 14.80% of the company’s stock.

WBA has been the topic of several recent research reports. BidaskClub upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Cowen cut Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 price objective on the stock. in a research report on Monday, July 23rd. Robert W. Baird raised their price target on Walgreens Boots Alliance from $64.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 11th. TheStreet upgraded Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research report on Wednesday, September 12th. Finally, ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Walgreens Boots Alliance currently has a consensus rating of “Hold” and a consensus price target of $78.22.

NASDAQ:WBA opened at $82.39 on Friday. The stock has a market capitalization of $78.25 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47. Walgreens Boots Alliance Inc has a twelve month low of $59.07 and a twelve month high of $83.00.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Monday, November 12th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, November 8th. 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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