Manitou Investment Management Ltd. trimmed its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 25.0% during the third quarter, Holdings Channel.com reports. The fund owned 474,137 shares of the pharmacy operator’s stock after selling 158,358 shares during the quarter. Walgreens Boots Alliance comprises 6.3% of Manitou Investment Management Ltd.’s portfolio, making the stock its 5th biggest holding. Manitou Investment Management Ltd.’s holdings in Walgreens Boots Alliance were worth $26,225,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec raised 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 worth $647,154,000 after purchasing an additional 1,169,600 shares during the period. Northern Trust Corp raised its stake in shares of Walgreens Boots Alliance by 0.7% during the 2nd quarter. Northern Trust Corp now owns 11,647,146 shares of the pharmacy operator’s stock worth $636,750,000 after purchasing an additional 76,864 shares during the period. Morgan Stanley raised 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 worth $268,595,000 after purchasing an additional 1,304,949 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Walgreens Boots Alliance by 2.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,794,775 shares of the pharmacy operator’s stock worth $207,461,000 after purchasing an additional 90,568 shares during the period. Finally, Parametric Portfolio Associates LLC raised 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 worth $158,171,000 after purchasing an additional 549,575 shares during the period. 60.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Royal Bank of Canada cut Walgreens Boots Alliance to a “hold” rating and set a $59.00 target price on the stock. in a research note on Friday, September 27th. Bank of America lowered their price objective on Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating on the stock in a research note on Thursday, October 3rd. Cleveland Research restated a “hold” rating on shares of Walgreens Boots Alliance in a research note on Monday, September 9th. ValuEngine upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank assumed coverage on Walgreens Boots Alliance in a research note on Thursday, September 12th. They issued a “sell” rating on the stock. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. Walgreens Boots Alliance has a consensus rating of “Hold” and an average price target of $61.35.
In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total value of $10,869,505.04. Following the completion of the sale, the chief accounting officer now owns 357,851 shares of the company’s stock, valued at $18,064,318.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.73% of the stock is owned by corporate insiders.
Shares of WBA traded up $0.57 during midday trading on Friday, hitting $59.24. 5,450,000 shares of the company traded hands, compared to its average volume of 5,855,335. The firm has a market cap of $54.63 billion, a P/E ratio of 9.89, a PEG ratio of 1.53 and a beta of 0.87. The stock has a 50-day moving average of $55.10 and a 200-day moving average of $53.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.36. Walgreens Boots Alliance Inc has a one year low of $49.03 and a one year high of $86.31.
Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Monday, October 28th. The pharmacy operator reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.02. The business had revenue of $33.95 billion during the quarter, compared to analyst estimates of $33.88 billion. Walgreens Boots Alliance had a return on equity of 21.99% and a net margin of 2.91%. Walgreens Boots Alliance’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Sell-side analysts forecast that Walgreens Boots Alliance Inc will post 5.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 18th will be paid a $0.458 dividend. This represents a $1.83 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, November 15th. Walgreens Boots Alliance’s dividend payout ratio is currently 30.55%.
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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