Walgreens Boots Alliance Inc (WBA) Holdings Increased by Summit Asset Management LLC

Summit Asset Management LLC boosted its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,976 shares of the pharmacy operator’s stock after buying an additional 741 shares during the period. Summit Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlueMountain Capital Management LLC acquired a new stake in Walgreens Boots Alliance during the 2nd quarter worth about $103,000. CSat Investment Advisory L.P. acquired a new stake in Walgreens Boots Alliance during the 2nd quarter worth about $104,000. Squar Milner Financial Services LLC acquired a new stake in Walgreens Boots Alliance during the 2nd quarter worth about $106,000. Asset Dedication LLC raised its holdings in Walgreens Boots Alliance by 204.6% during the 3rd quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock worth $115,000 after buying an additional 1,060 shares during the period. Finally, Kaizen Advisory LLC raised its holdings in Walgreens Boots Alliance by 128.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock worth $116,000 after buying an additional 1,083 shares during the period. Hedge funds and other institutional investors own 64.57% of the company’s stock.

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 transaction, the director now owns 8,207 shares in the company, valued at $652,292.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kimberly R. Scardino sold 11,970 shares of the stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $79.79, for a total value of $955,086.30. The disclosure for this sale can be found here. Insiders sold 66,706 shares of company stock worth $5,268,584 in the last 90 days. 14.80% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on WBA. BidaskClub upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Robert W. Baird boosted their price objective on Walgreens Boots Alliance from $69.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 12th. Pivotal Research upped their target price on Walgreens Boots Alliance from $60.00 to $72.00 and gave the company a “hold” rating in a report on Monday, October 15th. SunTrust Banks upped their target price on Walgreens Boots Alliance to $75.00 and gave the company a “hold” rating in a report on Friday, October 12th. Finally, TheStreet upgraded Walgreens Boots Alliance from a “c+” rating to a “b” rating in a report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $78.22.

Shares of WBA opened at $82.44 on Friday. The stock has a market capitalization of $76.50 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. Walgreens Boots Alliance Inc has a fifty-two week low of $59.07 and a fifty-two week high of $83.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.38 and a current ratio of 0.82.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $33.64 billion. On average, sell-side analysts expect that Walgreens Boots Alliance Inc will post 6.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 12th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 dividend on an annualized basis and a yield of 2.13%. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

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Walgreens Boots Alliance Company 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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