Economy

Fifth Third Bancorp Buys 25620 Shares of Walgreens Boots Alliance, Inc. (WBA)

Shares of Walgreens Boots Alliance, Inc.

Investors wait Walgreens Boots Alliance Inc (NASDAQ:WBA) to report on October, 19. its quarterly earnings Wall Street analysts expect $1.23 earnings per share, up $0.16 or 14.95 % from last year's $1.07 same quarter earnings. Corporate insiders own 13.50% of the company's stock. Also, Walgreens Boots Alliance, Inc. The firm owned 33,069 shares of the pharmacy operator's stock after selling 2,219 shares during the quarter. Russell Investments Group raised its position in Walgreens Boots Alliance by 72.9% in the 1st period. Essex Financial Services Inc. now owns 13,063 shares of the pharmacy operator's stock worth $1,081,000 after buying an additional 990 shares during the period. Finally, Founders Capital Management bought a new position in shares of Walgreens Boots Alliance in the 1st quarter valued at about $161,000. However, the institutional investors are observed to own 62.00% of the total shares. Welch & Forbes has an ownership of 96,882 stocks of the pharmacy operator's shares valued $8,046,000 after scooping up an extra 4,453 stocks in the previous period. Finally, Credit Agricole S A increased its position in shares of Walgreens Boots Alliance by 28.7% during the first quarter. The stock exchanged hands with 3,848,614 numbers of shares compared to its average daily volume of 5.45M shares. Following the completion of the transaction, the chief operating officer now directly owns 1,690,336 shares in the company, valued at $136,798,892.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A number of analysts recently issued reports on WBA shares. At present, 7 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Goldman Sachs Group, Inc. Jefferies Group LLC decreased their price objective on Walgreens Boots Alliance from $95.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 31st. This target by Needham suggests the possibile upside of 13.40 % from the last stock close. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company.

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Presently Walgreens Boots Alliance, Inc.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 69.99 million shares, BLACKROCK INC. with 54.95 million shares, STATE STREET CORP with 37.69 million shares, WELLINGTON MANAGEMENT GROUP LLP with 35.67 million shares, and PRICE T ROWE ASSOCIATES INC /MD/ with 22.74 million shares. The company has a market capitalization of $88.54 billion, a price-to-earnings ratio of 20.89 and a beta of 1.26. Company shares have been seen trading -11.31% off of the 52 week high and 9.53% away from the 52 week low. The stock's 50-day moving average price is $80.89 and its 200-day moving average price is $82.05. (NASDAQ:WBA), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. Over the last three months, the shares of the company have changed 1.15% and performed -3.11% over the last six months. The company had revenue of $30.12 billion for the quarter, compared to analysts' expectations of $29.72 billion. The business's revenue was up 2.1% compared to the same quarter a year ago. Revenue, on the other hand, scored 1.06% growth from the previous quarter, coming up with $29.76 billion.

Returns and Valuations for Walgreens Boots Alliance, Inc. The Company's products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand). This buyback authorization permits the pharmacy operator to buy up to 5.9% of its stock through open market purchases. A lower P/B ratio could mean that the stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.375 per share.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, June 29th.



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