American International Group Inc. increased its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 439,750 shares of the pharmacy operator’s stock after buying an additional 6,451 shares during the quarter. American International Group Inc.’s holdings in Walgreens Boots Alliance were worth $27,823,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC lifted its position in Walgreens Boots Alliance by 18.8% in the third quarter. Neuberger Berman Group LLC now owns 1,108,521 shares of the pharmacy operator’s stock valued at $80,812,000 after purchasing an additional 175,525 shares during the last quarter. Vanguard Group Inc lifted its position in Walgreens Boots Alliance by 0.6% in the third quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock valued at $5,149,224,000 after purchasing an additional 448,045 shares during the last quarter. Founders Capital Management LLC lifted its position in Walgreens Boots Alliance by 5.0% in the fourth quarter. Founders Capital Management LLC now owns 162,893 shares of the pharmacy operator’s stock valued at $11,130,000 after purchasing an additional 7,749 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in Walgreens Boots Alliance in the fourth quarter valued at approximately $121,000. Finally, Polianta Ltd bought a new stake in Walgreens Boots Alliance in the fourth quarter valued at approximately $1,740,000. 64.77% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on WBA shares. Loop Capital lowered their price objective on Walgreens Boots Alliance to $77.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. They noted that the move was a valuation call. TheStreet downgraded Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. Morgan Stanley lowered their price objective on Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 5th. Barclays reduced their target price on Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 3rd. Finally, BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.00.

In other news, COO Ornella Barra purchased 18,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Wednesday, April 3rd. The shares were bought at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the purchase, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the sale, the chief accounting officer now directly owns 435,811 shares in the company, valued at $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is owned by corporate insiders.

WBA opened at $52.74 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.78. Walgreens Boots Alliance Inc has a 52-week low of $51.79 and a 52-week high of $86.31. The company has a market cap of $47.65 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.77.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). The firm had revenue of $34.53 billion during the quarter, compared to analysts’ expectations of $34.57 billion. Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. Walgreens Boots Alliance’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 earnings per share. As a group, equities analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 annualized dividend and a yield of 3.34%. Walgreens Boots Alliance’s payout ratio is 29.24%.

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

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