Walgreens Boots Alliance Inc (NASDAQ:WBA) Shares Sold by Gamble Jones Investment Counsel

Gamble Jones Investment Counsel decreased its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,171 shares of the pharmacy operator’s stock after selling 2,600 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Walgreens Boots Alliance were worth $839,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Nuveen Asset Management LLC boosted its stake in shares of Walgreens Boots Alliance by 216.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,281,316 shares of the pharmacy operator’s stock valued at $124,720,000 after buying an additional 1,560,622 shares during the period. Morgan Stanley boosted its stake in shares of Walgreens Boots Alliance by 36.2% during the 2nd quarter. Morgan Stanley now owns 4,913,030 shares of the pharmacy operator’s stock valued at $268,595,000 after buying an additional 1,304,949 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Walgreens Boots Alliance by 11.0% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,837,465 shares of the pharmacy operator’s stock valued at $647,154,000 after buying an additional 1,169,600 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Walgreens Boots Alliance by 1,518.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 611,724 shares of the pharmacy operator’s stock valued at $33,834,000 after buying an additional 573,924 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Walgreens Boots Alliance by 23.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,893,195 shares of the pharmacy operator’s stock valued at $158,171,000 after buying an additional 549,575 shares during the period. Hedge funds and other institutional investors own 60.60% of the company’s stock.

A number of brokerages have issued reports on WBA. BidaskClub raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday. Cleveland Research restated a “hold” rating on shares of Walgreens Boots Alliance in a report on Monday, September 9th. Royal Bank of Canada downgraded shares of Walgreens Boots Alliance to a “hold” rating and set a $59.00 price target on the stock. in a report on Friday, September 27th. Pivotal Research cut their price target on shares of Walgreens Boots Alliance from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded shares of Walgreens Boots Alliance from an “overweight” rating to a “neutral” rating and cut their price target for the company from $73.00 to $63.00 in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $61.35.

In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 234,355 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $63.16, for a total value of $14,801,861.80. Following the transaction, the chief accounting officer now directly owns 13,844 shares in the company, valued at $874,387.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.73% of the stock is owned by insiders.

Shares of Walgreens Boots Alliance stock traded up $0.57 during midday trading on Friday, reaching $59.24. 5,450,000 shares of the company’s stock traded hands, compared to its average volume of 5,855,335. The company has a market cap of $54.63 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.87. Walgreens Boots Alliance Inc has a 52 week low of $49.03 and a 52 week high of $86.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.73. The company’s 50 day simple moving average is $55.10 and its 200 day simple moving average is $53.53.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Monday, October 28th. The pharmacy operator reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.02. The firm had revenue of $33.95 billion for the quarter, compared to analyst estimates of $33.88 billion. Walgreens Boots Alliance had a net margin of 2.91% and a return on equity of 21.99%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. As a group, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 18th will be given a $0.458 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.83 dividend on an annualized basis and a yield of 3.09%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 30.55%.

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 retail products, including health, beauty, personal care, consumable, and general merchandise products 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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