Campbell & CO Investment Adviser LLC Acquires New Stake in Walgreens Boots Alliance Inc (WBA)
Campbell & CO Investment Adviser LLC purchased a new stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,527 shares of the pharmacy operator’s stock, valued at approximately $695,000.
Other hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC grew its stake in Walgreens Boots Alliance by 204.6% in the 3rd quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock valued at $115,000 after acquiring an additional 1,060 shares during the period. BlueMountain Capital Management LLC acquired a new stake in Walgreens Boots Alliance in the 2nd quarter valued at $103,000. CSat Investment Advisory L.P. acquired a new stake in Walgreens Boots Alliance in the 2nd quarter valued at $104,000. Squar Milner Financial Services LLC acquired a new stake in Walgreens Boots Alliance in the 2nd quarter valued at $106,000. Finally, Kaizen Advisory LLC grew its stake in Walgreens Boots Alliance by 128.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock valued at $116,000 after acquiring an additional 1,083 shares during the period. Institutional investors own 62.59% of the company’s stock.
WBA traded down $1.75 on Friday, hitting $81.19. The company had a trading volume of 6,021,081 shares, compared to its average volume of 5,188,016. The firm has a market cap of $78.72 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. Walgreens Boots Alliance Inc has a 1 year low of $59.07 and a 1 year high of $86.31. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 dividend on an annualized basis and a yield of 2.17%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research note on Monday, December 3rd. Robert W. Baird lifted their target price on shares of Walgreens Boots Alliance from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 12th. BidaskClub raised shares of Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 21st. TheStreet raised shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a research note on Wednesday, September 12th. Finally, SunTrust Banks lifted their target price on shares of Walgreens Boots Alliance to $75.00 and gave the stock a “hold” rating in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $79.11.
In related news, EVP Kathleen Wilson-Thompson sold 52,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the sale, the executive vice president now directly owns 81,076 shares in the company, valued at $6,386,356.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy M. Schlichting sold 7,050 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $78.81, for a total transaction of $555,610.50. Following the sale, the director now owns 5,709 shares in the company, valued at $449,926.29. The disclosure for this sale can be found here. Insiders have sold 73,756 shares of company stock worth $5,824,194 over the last quarter. Insiders own 14.80% of the company’s stock.
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Walgreens Boots Alliance Company 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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