Ruffer LLP Decreases Stake in Walgreens Boots Alliance Inc (NASDAQ:WBA)

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Ruffer LLP lowered its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 41.7% during the second quarter, HoldingsChannel reports. The firm owned 7,000 shares of the pharmacy operator’s stock after selling 5,000 shares during the period. Ruffer LLP’s holdings in Walgreens Boots Alliance were worth $383,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Walgreens Boots Alliance by 263.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,306,439 shares of the pharmacy operator’s stock worth $209,198,000 after acquiring an additional 2,396,640 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Walgreens Boots Alliance by 427.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,732,966 shares of the pharmacy operator’s stock worth $109,642,000 after acquiring an additional 1,404,322 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Walgreens Boots Alliance by 11.4% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,667,865 shares of the pharmacy operator’s stock worth $674,956,000 after acquiring an additional 1,093,610 shares during the period. Geode Capital Management LLC raised its holdings in shares of Walgreens Boots Alliance by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 11,529,136 shares of the pharmacy operator’s stock worth $786,522,000 after acquiring an additional 834,241 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Walgreens Boots Alliance by 76.5% during the 1st quarter. First Trust Advisors LP now owns 1,460,684 shares of the pharmacy operator’s stock worth $92,417,000 after acquiring an additional 632,919 shares during the period. Institutional investors own 62.03% of the company’s stock.

WBA has been the topic of several analyst reports. Morgan Stanley set a $61.00 price target on Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Tuesday, May 14th. Bank of America reduced their price target on Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. BidaskClub lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. JPMorgan Chase & Co. reduced their price target on Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Finally, Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price target on the stock. in a report on Monday, June 10th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $63.82.

Shares of NASDAQ:WBA traded down $0.17 during midday trading on Thursday, reaching $50.73. 115,347 shares of the company’s stock were exchanged, compared to its average volume of 4,729,427. The firm’s 50 day simple moving average is $53.80 and its two-hundred day simple moving average is $57.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.37. The stock has a market cap of $46.20 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.28 and a beta of 0.81. Walgreens Boots Alliance Inc has a fifty-two week low of $49.12 and a fifty-two week high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $34.59 billion during the quarter, compared to the consensus estimate of $34.52 billion. Walgreens Boots Alliance had a return on equity of 22.08% and a net margin of 3.53%. Walgreens Boots Alliance’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 EPS. Equities research analysts predict that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be given a $0.458 dividend. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. This represents a $1.83 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Monday, August 19th. Walgreens Boots Alliance’s payout ratio is currently 30.40%.

In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of Walgreens Boots Alliance stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 357,851 shares of the company’s stock, valued at approximately $18,064,318.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.73% of the company’s stock.

Walgreens Boots Alliance 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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Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance Inc (NASDAQ:WBA).

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

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