Pax World Management LLC lifted its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,200 shares of the pharmacy operator’s stock after purchasing an additional 700 shares during the quarter. Pax World Management LLC’s holdings in Walgreens Boots Alliance were worth $564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in Walgreens Boots Alliance by 26.5% in the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock valued at $760,267,000 after acquiring an additional 1,917,082 shares during the last quarter. Wellington Management Group LLP increased its stake in Walgreens Boots Alliance by 5.9% in the first quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock valued at $2,727,932,000 after acquiring an additional 1,824,300 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Walgreens Boots Alliance by 22.4% in the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock valued at $437,632,000 after acquiring an additional 962,959 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Walgreens Boots Alliance by 22.9% in the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock valued at $407,982,000 after acquiring an additional 914,888 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Walgreens Boots Alliance by 53.0% in the first quarter. Prudential Financial Inc. now owns 2,211,112 shares of the pharmacy operator’s stock valued at $183,632,000 after acquiring an additional 766,200 shares during the last quarter. 60.14% of the stock is currently owned by institutional investors.

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In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction 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 owns 19,151 shares of the company’s stock, valued at approximately $1,528,058.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.50% of the stock is currently owned by company insiders.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 67.40 on Wednesday. The firm has a market cap of $72.12 billion, a price-to-earnings ratio of 17.02 and a beta of 1.25. The stock’s 50 day moving average is $78.27 and its 200-day moving average is $80.61. Walgreens Boots Alliance, Inc. has a one year low of $66.92 and a one year high of $89.69.

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

A number of research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $94.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, October 12th. Credit Suisse Group reissued a “buy” rating and issued a $97.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Tuesday. UBS AG reissued a “buy” rating and issued a $96.00 price objective (down from $97.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, August 23rd. Finally, BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $90.18.

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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