Spears Abacus Advisors LLC Has $1 Million Position in Walgreens Boots Alliance Inc (NASDAQ:WBA)
Spears Abacus Advisors LLC reduced its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,849 shares of the pharmacy operator’s stock after selling 661 shares during the quarter. Spears Abacus Advisors LLC’s holdings in Walgreens Boots Alliance were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Walgreens Boots Alliance in the first quarter worth about $25,000. Horan Capital Advisors LLC. purchased a new stake in shares of Walgreens Boots Alliance in the first quarter worth about $25,000. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Walgreens Boots Alliance in the fourth quarter worth about $29,000. Trustcore Financial Services LLC purchased a new stake in shares of Walgreens Boots Alliance in the first quarter worth about $31,000. Finally, PRW Wealth Management LLC purchased a new stake in shares of Walgreens Boots Alliance in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.
In other news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 435,811 shares in the company, valued at approximately $23,119,773.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ornella Barra acquired 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was acquired at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the acquisition, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The disclosure for this purchase can be found here. 15.73% of the stock is currently owned by corporate insiders.
NASDAQ WBA traded down $1.00 on Wednesday, hitting $51.88. 235,263 shares of the stock traded hands, compared to its average volume of 6,318,894. Walgreens Boots Alliance Inc has a twelve month low of $49.31 and a twelve month high of $86.31. The stock has a market capitalization of $47.52 billion, a P/E ratio of 8.64, a PEG ratio of 1.06 and a beta of 0.77. 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 announced its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.06). The company had revenue of $34.53 billion for the quarter, compared to analyst estimates of $34.57 billion. Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 earnings per share. On average, analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.
The business 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 dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, May 17th. Walgreens Boots Alliance’s payout ratio is 29.24%.
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About Walgreens Boots Alliance
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.
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