Dimensional Fund Advisors LP increased its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,641,826 shares of the pharmacy operator’s stock after buying an additional 735,917 shares during the period. Dimensional Fund Advisors LP’s holdings in Walgreens Boots Alliance were worth $512,893,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC increased its position in shares of Walgreens Boots Alliance by 0.5% in the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after purchasing an additional 6 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Walgreens Boots Alliance by 10.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after purchasing an additional 125 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Walgreens Boots Alliance by 46.3% in the 2nd quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock worth $135,000 after purchasing an additional 2,199 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of Walgreens Boots Alliance in the 3rd quarter worth about $135,000. Finally, Private Vista LLC increased its position in shares of Walgreens Boots Alliance by 6,403.7% in the 2nd quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock worth $140,000 after purchasing an additional 574,218 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

WBA has been the subject of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $94.00 target price on shares of Walgreens Boots Alliance in a research report on Sunday, September 10th. BidaskClub downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Royal Bank of Canada initiated coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $96.00 target price for the company. Jefferies Group reissued a “buy” rating and issued a $95.00 target price on shares of Walgreens Boots Alliance in a research report on Wednesday, September 20th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $86.05.

In other news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the completion of the sale, the director now directly owns 16,415 shares of the company’s stock, valued at approximately $1,105,878.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Anthony Lederer purchased 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, October 26th. The stock was bought at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at approximately $3,350,000. The disclosure for this purchase can be found here. Corporate insiders own 14.80% of the company’s stock.

Walgreens Boots Alliance Inc (WBA) opened at $72.92 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.59 and a current ratio of 0.96. The stock has a market cap of $73,550.00, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. Walgreens Boots Alliance Inc has a one year low of $63.82 and a one year high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $30.74 billion during the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. Walgreens Boots Alliance’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. equities research analysts predict that Walgreens Boots Alliance Inc will post 5.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, November 10th. Walgreens Boots Alliance’s payout ratio is 44.20%.

Walgreens Boots Alliance announced that its Board of Directors has authorized a share repurchase program on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the pharmacy operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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

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