Davis R M Inc. Has $441,000 Position in Walgreens Boots Alliance, Inc. (WBA)

Davis R M Inc. cut its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 56.2% during the first quarter, Holdings Channel reports. The fund owned 5,308 shares of the pharmacy operator’s stock after selling 6,822 shares during the period. Davis R M Inc.’s holdings in Walgreens Boots Alliance were worth $441,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $17,135,000. Hudock Capital Group LLC raised 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 valued at $108,000 after buying an additional 5 shares during the period. Tarbox Group Inc. raised its stake in shares of 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 period. Howe & Rusling Inc. raised its stake in shares of 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 period. Finally, Webster Bank N. A. raised its stake in shares of 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 period. 61.32% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

Walgreens Boots Alliance, Inc. (WBA) opened at 76.34 on Monday. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $88.00. The stock has a market capitalization of $82.52 billion, a price-to-earnings ratio of 19.62 and a beta of 1.20. The company has a 50-day moving average of $82.60 and a 200-day moving average of $83.69.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Wednesday, April 5th. The pharmacy operator reported $1.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.36. Walgreens Boots Alliance had a net margin of 3.66% and a return on equity of 16.86%. The company had revenue of $29.45 billion during the quarter, compared to analysts’ expectations of $30.17 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities analysts forecast that Walgreens Boots Alliance, Inc. will post $4.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Thursday, May 18th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $1.50 dividend on an annualized basis and a yield of 1.96%. Walgreens Boots Alliance’s payout ratio is 38.36%.

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WBA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. Deutsche Bank AG restated a “buy” rating and issued a $92.00 price objective on shares of Walgreens Boots Alliance in a report on Wednesday, March 22nd. Robert W. Baird restated an “outperform” rating and issued a $96.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, March 27th. Jefferies Group LLC restated a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Thursday, April 6th. Finally, Pivotal Research initiated coverage on shares of Walgreens Boots Alliance in a report on Tuesday, April 4th. They issued a “hold” rating and a $85.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $90.62.

In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $85.89, for a total transaction of $234,995.04. Following the completion of the sale, the director now owns 21,887 shares of the company’s stock, valued at $1,879,874.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 13.50% of the company’s stock.

About Walgreens Boots Alliance

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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