Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 412.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,261 shares of the pharmacy operator’s stock after purchasing an additional 46,889 shares during the period. Wellington Management Group LLP’s holdings in Walgreens Boots Alliance were worth $1,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fulton Bank N.A. boosted its stake in shares of Walgreens Boots Alliance by 0.5% during the 4th quarter. Fulton Bank N.A. now owns 107,071 shares of the pharmacy operator’s stock valued at $2,796,000 after buying an additional 523 shares during the last quarter. Insight Folios Inc boosted its stake in Walgreens Boots Alliance by 5.8% during the 4th quarter. Insight Folios Inc now owns 9,640 shares of the pharmacy operator’s stock valued at $252,000 after acquiring an additional 525 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in Walgreens Boots Alliance by 4.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 11,866 shares of the pharmacy operator’s stock worth $310,000 after acquiring an additional 555 shares in the last quarter. Westpac Banking Corp increased its position in shares of Walgreens Boots Alliance by 10.1% in the 4th quarter. Westpac Banking Corp now owns 6,100 shares of the pharmacy operator’s stock worth $159,000 after purchasing an additional 560 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Walgreens Boots Alliance by 20.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 3,524 shares of the pharmacy operator’s stock valued at $92,000 after purchasing an additional 602 shares in the last quarter. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Walgreens Boots Alliance news, Director Inderpal S. Bhandari bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was acquired at an average cost of $18.05 per share, with a total value of $54,150.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at $54,150. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 17.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WBA. Morgan Stanley decreased their price target on Walgreens Boots Alliance from $13.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday. Raymond James reissued a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, April 3rd. Barclays dropped their target price on shares of Walgreens Boots Alliance from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Monday, June 24th. Finally, UBS Group reduced their price target on shares of Walgreens Boots Alliance from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, June 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.00.

Walgreens Boots Alliance Price Performance

NASDAQ WBA opened at $11.58 on Tuesday. Walgreens Boots Alliance, Inc. has a 12 month low of $11.48 and a 12 month high of $31.32. The firm has a market capitalization of $10.00 billion, a PE ratio of -1.72, a P/E/G ratio of 0.82 and a beta of 0.72. The company’s 50 day simple moving average is $16.49 and its 200 day simple moving average is $20.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.31.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). The firm had revenue of $36.40 billion for the quarter, compared to analyst estimates of $35.94 billion. Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. As a group, equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 2.94 EPS for the current fiscal year.

Walgreens Boots Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date of this dividend was Monday, May 20th. Walgreens Boots Alliance’s payout ratio is -14.84%.

Walgreens Boots Alliance Profile

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.