AMI Asset Management Corp Has $21.01 Million Stake in Walgreens Boots Alliance Inc (WBA)

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AMI Asset Management Corp reduced its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,446 shares of the pharmacy operator’s stock after selling 44,289 shares during the quarter. Walgreens Boots Alliance accounts for 1.7% of AMI Asset Management Corp’s holdings, making the stock its 26th largest position. AMI Asset Management Corp’s holdings in Walgreens Boots Alliance were worth $21,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Northside Capital Management LLC raised its position in Walgreens Boots Alliance by 2.3% in the fourth quarter. Northside Capital Management LLC now owns 8,335 shares of the pharmacy operator’s stock valued at $570,000 after purchasing an additional 184 shares during the period. Brand Asset Management Group Inc. raised its position in Walgreens Boots Alliance by 40.7% in the fourth quarter. Brand Asset Management Group Inc. now owns 692 shares of the pharmacy operator’s stock valued at $47,000 after purchasing an additional 200 shares during the period. Cornerstone Advisors Inc. raised its position in Walgreens Boots Alliance by 102.4% in the third quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock valued at $31,000 after purchasing an additional 214 shares during the period. Andesa Financial Management Inc. raised its holdings in shares of Walgreens Boots Alliance by 5.8% in the 4th quarter. Andesa Financial Management Inc. now owns 4,253 shares of the pharmacy operator’s stock valued at $291,000 after buying an additional 232 shares during the period. Finally, Lourd Capital LLC raised its holdings in shares of Walgreens Boots Alliance by 2.1% in the 4th quarter. Lourd Capital LLC now owns 11,586 shares of the pharmacy operator’s stock valued at $792,000 after buying an additional 239 shares during the period. 63.07% of the stock is currently owned by institutional investors.

In other news, Director Nancy M. Schlichting sold 7,050 shares of the 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 completion of the transaction, the director now directly owns 5,709 shares of the company’s stock, valued at approximately $449,926.29. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 15.73% of the company’s stock.

WBA has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Walgreens Boots Alliance from $55.00 to $77.00 and gave the company an “equal weight” rating in a report on Monday, December 3rd. Goldman Sachs Group downgraded Walgreens Boots Alliance from a “neutral” rating to a “sell” rating in a report on Friday, December 14th. Robert W. Baird cut their price target on Walgreens Boots Alliance from $71.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, December 21st. Wolfe Research restated a “peer perform” rating on shares of Walgreens Boots Alliance in a report on Wednesday, December 19th. Finally, BidaskClub downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Thursday, December 27th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Walgreens Boots Alliance has an average rating of “Hold” and an average target price of $78.83.

WBA opened at $70.12 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.80 and a debt-to-equity ratio of 0.44. The company has a market cap of $66.15 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.10 and a beta of 0.98. Walgreens Boots Alliance Inc has a 52 week low of $59.07 and a 52 week high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, December 20th. The pharmacy operator reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.03. The firm had revenue of $33.79 billion during the quarter, compared to the consensus estimate of $33.90 billion. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 EPS. On average, equities research analysts expect that Walgreens Boots Alliance Inc will post 6.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, February 14th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 29.24%.

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About Walgreens Boots Alliance

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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