Richard C. Young & CO. LTD. grew its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,042 shares of the pharmacy operator’s stock after purchasing an additional 1,981 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Walgreens Boots Alliance were worth $7,364,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WBA. Franklin Resources Inc. raised its holdings 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 in the last quarter. Nordea Investment Management AB raised its holdings 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 in the last quarter. Wellington Management Group LLP raised its holdings 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 in the last quarter. American Century Companies Inc. raised its holdings 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 in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings 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 in the last quarter. 63.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on WBA shares. Pivotal Research cut their target price on shares of Walgreens Boots Alliance from $85.00 to $73.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Loop Capital started coverage on shares of Walgreens Boots Alliance in a research report on Thursday, August 24th. They issued a “buy” rating and a $95.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, October 12th. BidaskClub lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $88.00 price objective on shares of Walgreens Boots Alliance in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $87.63.

In related news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was 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 of the company’s stock, valued at approximately $1,105,878.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Anthony Lederer purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were purchased at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, 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 13.50% of the company’s stock.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at $70.99 on Monday. The firm has a market capitalization of $71,667.88, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. Walgreens Boots Alliance, Inc. has a fifty-two week low of $63.82 and a fifty-two 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 released 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. The firm had revenue of $30.15 billion during the quarter, compared to analysts’ expectations of $29.93 billion. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. Walgreens Boots Alliance’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. equities analysts forecast that Walgreens Boots Alliance, Inc. will post 5.55 earnings per share for the current year.

Walgreens Boots Alliance announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 42.33%.

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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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