Bessemer Group Inc. grew its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,944,410 shares of the pharmacy operator’s stock after purchasing an additional 17,618 shares during the quarter. Bessemer Group Inc. owned about 0.18% of Walgreens Boots Alliance worth $152,267,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WBA. Reilly Financial Advisors LLC boosted its position in shares of Walgreens Boots Alliance by 7.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock valued at $107,000 after acquiring an additional 100 shares during the period. Hudock Capital Group LLC boosted its position in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock valued at $108,000 after acquiring an additional 5 shares during the period. Tarbox Group Inc. boosted its position in shares of Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock valued at $113,000 after acquiring an additional 1,006 shares during the period. Webster Bank N. A. boosted its position in shares of Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock valued at $125,000 after acquiring an additional 235 shares during the period. Finally, Orrstown Financial Services Inc. boosted its position in shares of Walgreens Boots Alliance by 14.1% in the second quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock valued at $135,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 60.16% of the company’s stock.

In other news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the transaction, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.50% of the company’s stock.

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Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 78.84 on Thursday. Walgreens Boots Alliance, Inc. has a 1-year low of $75.18 and a 1-year high of $89.69. The firm’s 50 day moving average is $81.36 and its 200 day moving average is $81.86. The stock has a market capitalization of $84.37 billion, a P/E ratio of 19.91 and a beta of 1.26.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The company had revenue of $30.12 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. Walgreens Boots Alliance’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th were paid a $0.40 dividend. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 40.30%.

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

A number of equities analysts have recently commented on the stock. Needham & Company LLC assumed coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, June 27th. They issued a “hold” rating for the company. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Leerink Swann set a $86.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Friday, July 7th. Credit Suisse Group restated a “buy” rating and issued a $97.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.06.

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).

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

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