Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is Walled Lake Planning & Wealth Management LLC’s 10th Largest Position

Walled Lake Planning & Wealth Management LLC raised its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,171 shares of the pharmacy operator’s stock after buying an additional 552 shares during the period. Walgreens Boots Alliance comprises 3.0% of Walled Lake Planning & Wealth Management LLC’s holdings, making the stock its 10th biggest holding. Walled Lake Planning & Wealth Management LLC’s holdings in Walgreens Boots Alliance were worth $5,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Walgreens Boots Alliance by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 12,011,983 shares of the pharmacy operator’s stock valued at $563,759,000 after buying an additional 306,641 shares during the period. Invesco Ltd. raised its holdings in shares of Walgreens Boots Alliance by 5.1% in the 3rd quarter. Invesco Ltd. now owns 8,438,498 shares of the pharmacy operator’s stock valued at $397,033,000 after purchasing an additional 410,627 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Walgreens Boots Alliance by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,521,814 shares of the pharmacy operator’s stock valued at $306,852,000 after purchasing an additional 189,950 shares in the last quarter. Morgan Stanley raised its holdings in shares of Walgreens Boots Alliance by 12.7% in the 3rd quarter. Morgan Stanley now owns 6,440,518 shares of the pharmacy operator’s stock valued at $303,026,000 after purchasing an additional 724,621 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Walgreens Boots Alliance by 13.5% in the 4th quarter. ProShare Advisors LLC now owns 4,839,669 shares of the pharmacy operator’s stock valued at $252,438,000 after purchasing an additional 577,511 shares in the last quarter. 57.02% of the stock is owned by institutional investors.

In other news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $150.00, for a total value of $900,000,000.00. Following the sale, the insider now directly owns 52,854,867 shares of the company’s stock, valued at approximately $7,928,230,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.40% of the stock is owned by corporate insiders.

Several research firms have recently commented on WBA. Royal Bank of Canada reduced their price target on shares of Walgreens Boots Alliance from $52.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, April 1st. Truist Financial reduced their price target on shares of Walgreens Boots Alliance from $58.00 to $50.00 and set a “hold” rating for the company in a report on Friday, April 1st. Cowen reduced their price target on shares of Walgreens Boots Alliance from $55.00 to $50.00 in a report on Tuesday, April 12th. Cowen reduced their price objective on shares of Walgreens Boots Alliance from $55.00 to $50.00 in a research note on Tuesday, April 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Walgreens Boots Alliance from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, April 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.71.

NASDAQ:WBA traded up $0.39 during trading hours on Friday, hitting $43.55. 5,781,469 shares of the company were exchanged, compared to its average volume of 6,802,335. The stock has a market capitalization of $37.62 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 2.36 and a beta of 0.55. Walgreens Boots Alliance, Inc. has a 52-week low of $41.80 and a 52-week high of $55.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.74 and a quick ratio of 0.35. The company’s 50 day moving average price is $45.47 and its 200-day moving average price is $47.94.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last released its earnings results on Thursday, March 31st. The pharmacy operator reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.20. The company had revenue of $33.76 billion for the quarter, compared to the consensus estimate of $33.33 billion. Walgreens Boots Alliance had a net margin of 4.62% and a return on equity of 19.15%. Walgreens Boots Alliance’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. On average, equities analysts predict that Walgreens Boots Alliance, Inc. will post 5.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 20th will be issued a $0.4775 dividend. This represents a $1.91 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, May 19th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 26.34%.

Walgreens Boots Alliance Company Profile (Get Rating)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

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

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