The Walgreens Boots Alliance, Inc. (WBA) Stake Reduced by Tokio Marine Asset Management Co. Ltd.

The Walgreens Boots Alliance, Inc. (WBA) Stake Reduced by Tokio Marine Asset Management Co. Ltd.

Other hedge funds have also recently made changes to their positions in the company. Hudock Capital Group LLC increased its stake in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after buying an additional 5 shares during the period. Tarbox Group Inc. increased its position in Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock valued at $113,000 after buying an additional 1,006 shares during the last quarter. Howe & Rusling Inc. increased its position in Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock valued at $120,000 after buying an additional 975 shares during the last quarter. Webster Bank N. A. increased its position in Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock valued at $125,000 after buying an additional 235 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased its position in Walgreens Boots Alliance by 13.9% in the first quarter. Orrstown Financial Services Inc. now owns 1,515 shares of the pharmacy operator’s stock valued at $126,000 after buying an additional 185 shares during the last quarter. 61.16% of the stock is currently owned by hedge funds and other institutional investors.

Tokio Marine Asset Management Co. Ltd. lowered its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 23.5% during the first quarter, Holdings Channel reports. The firm owned 12,434 shares of the pharmacy operator’s stock after selling 3,826 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Walgreens Boots Alliance were worth $1,033,000 at the end of the most recent reporting period.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 81.13 on Wednesday. Walgreens Boots Alliance, Inc. has a 52-week low of $75.18 and a 52-week high of $88.00. The firm has a market capitalization of $86.82 billion, a PE ratio of 20.49 and a beta of 1.25. The company’s 50-day moving average is $78.82 and its 200 day moving average is $82.40.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. The company had revenue of $30.12 billion for the quarter, compared to analyst estimates of $29.72 billion. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. Equities analysts expect that Walgreens Boots Alliance, Inc. will post $5.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio is 37.78%.

Walgreens Boots Alliance declared that its board has initiated a share buyback plan on Wednesday, April 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the pharmacy operator to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Several equities analysts have issued reports on the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $97.00 price objective on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. Leerink Swann set a $86.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Friday, July 7th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective on shares of Walgreens Boots Alliance in a report on Thursday, April 6th. Citigroup Inc. reaffirmed a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Finally, Needham & Company LLC assumed coverage on shares of Walgreens Boots Alliance in a report on Tuesday, June 27th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $90.69.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the transaction, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.50% of the stock is currently owned by corporate insiders.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

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