ProShare Advisors LLC grew its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,085,320 shares of the pharmacy operator’s stock after purchasing an additional 68,583 shares during the quarter. Walgreens Boots Alliance makes up approximately 0.8% of ProShare Advisors LLC’s portfolio, making the stock its 14th largest holding. ProShare Advisors LLC owned 0.10% of Walgreens Boots Alliance worth $84,991,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in Walgreens Boots Alliance by 24.7% during the second quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after purchasing an additional 3,662,302 shares during the period. Nordea Investment Management AB raised its stake in Walgreens Boots Alliance by 26.5% during the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock worth $760,267,000 after purchasing an additional 1,917,082 shares during the period. Wellington Management Group LLP raised its stake in Walgreens Boots Alliance by 5.9% during the first quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock worth $2,727,932,000 after purchasing an additional 1,824,300 shares during the period. American Century Companies Inc. raised its stake in Walgreens Boots Alliance by 1,145.3% during the second quarter. American Century Companies Inc. now owns 1,304,168 shares of the pharmacy operator’s stock worth $102,129,000 after purchasing an additional 1,199,442 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in Walgreens Boots Alliance by 22.4% during the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock worth $437,632,000 after purchasing an additional 962,959 shares during the period. Institutional investors and hedge funds own 63.58% of the company’s stock.

Several research firms have recently issued reports on WBA. Needham & Company LLC set a $94.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Monday, July 17th. Loop Capital set a $90.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday. Royal Bank Of Canada assumed coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $96.00 price objective for the company. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 price target (down from $90.00) on shares of Walgreens Boots Alliance in a report on Thursday, October 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $87.63.

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Shares of Walgreens Boots Alliance, Inc. (WBA) opened at $70.37 on Tuesday. The firm has a market cap of $71,667.88, a PE ratio of 13.92, a P/E/G ratio of 1.26 and a beta of 1.20. Walgreens Boots Alliance, Inc. has a 52-week low of $63.82 and a 52-week high of $88.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.59.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.10. The firm had revenue of $30.15 billion for the quarter, compared to the consensus estimate of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. Walgreens Boots Alliance’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.07 EPS. equities 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 share repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the pharmacy operator to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be given a $0.40 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.60 annualized dividend and a yield of 2.27%. Walgreens Boots Alliance’s dividend payout ratio is presently 42.33%.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the sale, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Anthony Lederer purchased 20,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were bought at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $3,350,000. The disclosure for this purchase can be found here. 13.50% of the stock is currently owned by 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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