LS Investment Advisors LLC boosted its position in Walgreens Boots Alliance Inc. (NASDAQ:WBA) by 36.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,820 shares of the pharmacy operator’s stock after buying an additional 16,341 shares during the period. LS Investment Advisors LLC’s holdings in Walgreens Boots Alliance were worth $5,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WBA. State Street Corp boosted its position in shares of Walgreens Boots Alliance by 2.1% in the first quarter. State Street Corp now owns 36,198,072 shares of the pharmacy operator’s stock valued at $3,049,327,000 after buying an additional 746,698 shares during the period. Wellington Management Group LLP boosted its position in shares of Walgreens Boots Alliance by 9.7% in the first quarter. Wellington Management Group LLP now owns 26,167,061 shares of the pharmacy operator’s stock valued at $2,204,313,000 after buying an additional 2,317,093 shares during the period. Geode Capital Management LLC boosted its position in shares of Walgreens Boots Alliance by 3.0% in the first quarter. Geode Capital Management LLC now owns 7,602,662 shares of the pharmacy operator’s stock valued at $639,250,000 after buying an additional 223,243 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Walgreens Boots Alliance by 602.0% in the first quarter. Canada Pension Plan Investment Board now owns 6,665,630 shares of the pharmacy operator’s stock valued at $561,513,000 after buying an additional 5,716,161 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in shares of Walgreens Boots Alliance by 4.7% in the first quarter. Burgundy Asset Management Ltd. now owns 4,400,613 shares of the pharmacy operator’s stock valued at $370,708,000 after buying an additional 198,663 shares during the period. Institutional investors and hedge funds own 59.75% of the company’s stock.

Walgreens Boots Alliance Inc. (NASDAQ:WBA) traded up 0.11% during midday trading on Friday, hitting $81.49. The company had a trading volume of 8,924,860 shares. The firm has a market capitalization of $88.20 billion, a P/E ratio of 28.16 and a beta of 1.01. The firm’s 50 day moving average is $81.49 and its 200-day moving average is $81.22. Walgreens Boots Alliance Inc. has a 52 week low of $71.50 and a 52 week high of $95.74.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Wednesday, July 6th. The pharmacy operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. Walgreens Boots Alliance had a return on equity of 15.56% and a net margin of 2.70%. The business had revenue of $29.50 billion for the quarter. During the same quarter in the previous year, the company posted $1.02 EPS. Walgreens Boots Alliance’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Walgreens Boots Alliance Inc. will post $4.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were paid a $0.375 dividend. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.50 annualized dividend and a yield of 1.84%. Walgreens Boots Alliance’s dividend payout ratio is presently 51.90%.

WBA has been the subject of several recent research reports. Credit Suisse Group AG reissued a “buy” rating and set a $82.51 price target (down from $95.00) on shares of Walgreens Boots Alliance in a research report on Monday, July 18th. Bank of America Corp. reissued a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, June 13th. Deutsche Bank AG reissued a “buy” rating on shares of Walgreens Boots Alliance in a research report on Friday, June 10th. Barclays PLC increased their price target on Walgreens Boots Alliance from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Thursday, July 7th. Finally, Jefferies Group reaffirmed a “neutral” rating on shares of Walgreens Boots Alliance in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Walgreens Boots Alliance has a consensus rating of “Buy” and a consensus price target of $93.13.

In other Walgreens Boots Alliance news, EVP Kathleen Wilson-Thompson sold 29,695 shares of the stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $83.00, for a total transaction of $2,464,685.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William C. Foote sold 2,067 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $81.35, for a total value of $168,150.45. Following the sale, the director now owns 26,690 shares in the company, valued at approximately $2,171,231.50. The disclosure for this sale can be found here. 21.10% of the stock is owned by corporate insiders.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. 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).

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