Arizona State Retirement System raised its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,768 shares of the pharmacy operator’s stock after purchasing an additional 700 shares during the period. Arizona State Retirement System’s holdings in Walgreens Boots Alliance were worth $16,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Modera Wealth Management LLC boosted its holdings in Walgreens Boots Alliance by 0.4% in the 1st quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after purchasing an additional 9 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in Walgreens Boots Alliance by 0.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after purchasing an additional 16 shares during the period. Sowell Financial Services LLC boosted its holdings in Walgreens Boots Alliance by 0.6% in the 1st quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock valued at $218,000 after purchasing an additional 17 shares during the period. WealthTrust Arizona LLC boosted its holdings in Walgreens Boots Alliance by 0.4% in the 2nd quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock valued at $412,000 after purchasing an additional 21 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its holdings in Walgreens Boots Alliance by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock valued at $274,000 after purchasing an additional 22 shares during the period. 60.16% of the stock is owned by hedge funds and other institutional investors.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the transaction, the director now directly owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.50% of the company’s stock.

Several equities analysts have recently commented on WBA shares. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Needham & Company LLC started coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, June 27th. They issued a “hold” rating for the company. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $77.00 target price (down from $89.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, June 28th. Pivotal Research set a $85.00 target price on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Sunday, July 2nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $95.00 target price on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $91.31.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 73.20 on Friday. Walgreens Boots Alliance, Inc. has a 12 month low of $72.77 and a 12 month high of $89.69. The firm has a 50-day moving average of $80.00 and a 200 day moving average of $81.15. The firm has a market capitalization of $78.33 billion, a PE ratio of 18.48 and a beta of 1.25.

Walgreens Boots Alliance declared that its Board of Directors has approved a stock repurchase program on Thursday, June 29th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the pharmacy operator to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, August 16th. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 40.30%.

WARNING: This story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.watchlistnews.com/arizona-state-retirement-system-acquires-700-shares-of-walgreens-boots-alliance-inc-wba/1614316.html.

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).

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance, Inc. (NASDAQ:WBA).

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

Receive News & Ratings for Walgreens Boots Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.