Nordea Investment Management AB lifted its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,085,836 shares of the pharmacy operator’s stock after buying an additional 931,508 shares during the quarter. Walgreens Boots Alliance comprises about 2.0% of Nordea Investment Management AB’s holdings, making the stock its 7th biggest holding. Nordea Investment Management AB owned 0.94% of Walgreens Boots Alliance worth $789,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Walgreens Boots Alliance by 104.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,883 shares of the pharmacy operator’s stock valued at $6,800,000 after acquiring an additional 41,842 shares during the period. Compton Capital Management Inc. RI increased its holdings in shares of Walgreens Boots Alliance by 1.6% in the 1st quarter. Compton Capital Management Inc. RI now owns 3,928 shares of the pharmacy operator’s stock valued at $326,000 after acquiring an additional 62 shares during the period. Family Legacy Inc. acquired a new position in shares of Walgreens Boots Alliance in the 1st quarter valued at $768,000. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Walgreens Boots Alliance by 75.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 172,374 shares of the pharmacy operator’s stock valued at $14,316,000 after acquiring an additional 74,105 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Walgreens Boots Alliance by 25.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,215 shares of the pharmacy operator’s stock valued at $932,000 after acquiring an additional 2,288 shares during the period. Institutional investors and hedge funds own 63.58% of the company’s stock.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Citigroup Inc. cut their target price on shares of Walgreens Boots Alliance from $95.00 to $81.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Leerink Swann cut shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Jefferies Group LLC set a $93.00 target price on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $87.63.

In other Walgreens Boots Alliance news, Director John Anthony Lederer acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $3,350,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total transaction of $184,324.32. Following the completion of the sale, the director now owns 16,415 shares in the company, valued at $1,105,878.55. The disclosure for this sale can be found here. Corporate insiders own 13.50% of the company’s stock.

Walgreens Boots Alliance, Inc. (WBA) opened at $71.25 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.07. Walgreens Boots Alliance, Inc. has a 12 month low of $63.82 and a 12 month high of $88.00. The firm has a market cap of $71,930.37, a price-to-earnings ratio of 13.97, a PEG ratio of 1.27 and a beta of 1.20.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.10. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The business had revenue of $30.15 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same period in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. research analysts predict that Walgreens Boots Alliance, Inc. will post 5.55 earnings per share for the current year.

Walgreens Boots Alliance announced that its board has approved a stock repurchase program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the pharmacy operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 42.33%.

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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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