Bridges Investment Management Inc. raised its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,418 shares of the pharmacy operator’s stock after buying an additional 375 shares during the period. Bridges Investment Management Inc.’s holdings in Walgreens Boots Alliance were worth $424,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in WBA. Russell Investments Group Ltd. increased its position in Walgreens Boots Alliance by 72.9% in the first quarter. Russell Investments Group Ltd. now owns 482,962 shares of the pharmacy operator’s stock valued at $40,115,000 after buying an additional 203,635 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Walgreens Boots Alliance by 9.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 75,821 shares of the pharmacy operator’s stock valued at $6,296,000 after buying an additional 6,462 shares during the period. Welch & Forbes LLC increased its position in Walgreens Boots Alliance by 4.8% in the first quarter. Welch & Forbes LLC now owns 96,882 shares of the pharmacy operator’s stock valued at $8,046,000 after buying an additional 4,453 shares during the period. SpiderRock Advisors LLC purchased a new position in Walgreens Boots Alliance during the first quarter valued at $301,000. Finally, Founders Capital Management LLC increased its position in Walgreens Boots Alliance by 1.7% in the first quarter. Founders Capital Management LLC now owns 71,991 shares of the pharmacy operator’s stock valued at $5,979,000 after buying an additional 1,180 shares during the period. 61.16% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance, Inc. (WBA) traded up 0.74% during mid-day trading on Wednesday, reaching $81.33. 1,500,330 shares of the company’s stock were exchanged. Walgreens Boots Alliance, Inc. has a 52-week low of $75.18 and a 52-week high of $88.00. The company has a market cap of $87.03 billion, a PE ratio of 20.54 and a beta of 1.25. The stock has a 50-day moving average price of $79.33 and a 200 day moving average price of $82.31.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. The company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. Equities analysts predict that Walgreens Boots Alliance, Inc. will post $5.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.40 per share. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 37.78%.

Walgreens Boots Alliance announced that its board has approved a stock repurchase plan on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the pharmacy operator to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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Several research analysts have recently weighed in on WBA shares. Needham & Company LLC raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Friday, June 30th. Pivotal Research set a $85.00 target price on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a research report on Sunday, July 2nd. Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued 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. Finally, Jefferies Group LLC dropped their target price on shares of Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. Walgreens Boots Alliance has an average rating of “Buy” and an average target price of $90.69.

In other news, Director William C. Foote sold 2,736 shares of the firm’s 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 completion of the transaction, the director now directly owns 19,151 shares of the company’s stock, valued at approximately $1,528,058.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.50% of the stock is owned by company insiders.

Walgreens Boots Alliance Company Profile

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

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