Recent insider trends for Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has gathered pace in recent weeks as a result of the underlying changes in the state of insider activity. Noting its average daily volume at 5.63 million shares each day over the month, this signifies a pretty significant change over the norm.
Many analysts have provided their estimated foresights on Walgreens Boots Alliance, Inc.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. IBM Retirement Fund grew its stake in shares of Walgreens Boots Alliance by 88.1% in the 2nd quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator's stock valued at $2,727,932,000 after buying an additional 1,824,300 shares during the period. Walgreens Boots Alliance, Inc.'s institutional ownership is 62.1%, while its institutional transactions stand at 0.06%. The stock now has Monthly Volatility of 2.03% and Weekly Volatility of 2.88%. Short interest grew 4,220,278 over that timeframe. Rhumbline Advisers now owns 1,533,800 shares of the pharmacy operator's stock valued at $120,112,000 after purchasing an additional 63,259 shares during the period. MCF Advisors LLC raised its holdings in shares of Walgreens Boots Alliance by 68.2% in the 1st quarter. MCF Advisors LLC now owns 1,923 shares of the pharmacy operator's stock valued at $160,000 after purchasing an additional 780 shares in the last quarter. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in WBA to 18790 shares. CT grew its holdings in Walgreens Boots Alliance by 10.2% in the second quarter. Sound Shore Management Inc. The Weekly and Monthly Volatility stands at 2.88% and 2.03%. That's a potential 30.39 gain from where (NASDAQ:WBA) has been trading recently. Equity analyst Loop Capital began coverage setting a rating of "Buy". They issued a "hold" rating for the company.
Among new and sold out positions, 87 holders initiated new positions by a total of 5.81 million shares and 82 holders exited their positions by a total of 5.13 million shares. Finally, Credit Suisse Group restated a "buy" rating and issued a $97.00 target price on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Walgreens Boots Alliance has a consensus rating of "Buy" and a consensus target price of $91.31. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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Investors and Traders continue to monitor technical levels of shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 70.87 on Tuesday. Walgreens Boots Alliance, Inc. has a 12-month low of $70.21 and a 12-month high of $89.69. The firm's 50-day moving average is $79.74 and its 200-day moving average is $81.04.
Annual EPS growth Past 5 years is 5.4 percent. This repurchase authorization allows the pharmacy operator to repurchase up to 5.9% of its shares through open market purchases. North Star Investment Management Corp. grew its position by buying 30,490 shares an increase of 58.9% as of 09/30/2017.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th were given a dividend of $0.40 per share. The dividend was $0.400 per share for the quarter which comes to $1.60 on an annualized basis. The ex-dividend date was set for Wednesday the 16th of August 2017. Walgreens Boots Alliance's dividend payout ratio is now 40.30%.
Nippon Life Global Investors Americas Inc. grew its position in Walgreens Boots Alliance, Inc. The Company is a pharmacy-led health and wellbeing company. The Company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The company's market cap is $77.19 Billion.