Nippon Life Global Investors Americas Inc. decreased its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 178,520 shares of the pharmacy operator’s stock after selling 5,880 shares during the period. Walgreens Boots Alliance makes up approximately 1.3% of Nippon Life Global Investors Americas Inc.’s investment portfolio, making the stock its 21st largest position. Nippon Life Global Investors Americas Inc.’s holdings in Walgreens Boots Alliance were worth $14,826,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Hudock Capital Group LLC boosted its position in Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock valued at $108,000 after buying an additional 5 shares in the last quarter. Tarbox Group Inc. boosted its position in Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock valued at $113,000 after buying an additional 1,006 shares in the last quarter. Howe & Rusling Inc. boosted its position in Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock valued at $120,000 after buying an additional 975 shares in the last quarter. Webster Bank N. A. boosted its position in Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock valued at $125,000 after buying an additional 235 shares in the last quarter. Finally, Orrstown Financial Services Inc. boosted its position in Walgreens Boots Alliance by 13.9% in the first quarter. Orrstown Financial Services Inc. now owns 1,515 shares of the pharmacy operator’s stock valued at $126,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) traded up 0.87% during midday trading on Friday, reaching $80.44. 1,250,142 shares of the company’s stock were exchanged. The stock has a market cap of $86.08 billion, a P/E ratio of 20.31 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69. The company’s 50-day moving average is $78.96 and its 200-day moving average is $82.30.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, June 29th. The pharmacy operator reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. Equities analysts expect that Walgreens Boots Alliance, Inc. will post $5.01 earnings per share for the current fiscal year.

Walgreens Boots Alliance announced that its Board of Directors has approved a stock buyback program on Thursday, June 29th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the pharmacy operator to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be given a $0.40 dividend. The ex-dividend date is Wednesday, August 16th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. Walgreens Boots Alliance’s payout ratio is 37.78%.

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Several equities research analysts have recently commented on WBA shares. Needham & Company LLC started coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, June 27th. They set a “hold” rating for the company. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Leerink Swann set a $86.00 price target on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Friday, July 7th. Credit Suisse Group reaffirmed a “buy” rating and set a $97.00 price target on shares of Walgreens Boots Alliance in a research report on Thursday, July 13th. Finally, Pivotal Research set a $85.00 price target on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Sunday, July 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $90.69.

In other news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total value of $218,305.44. Following the completion of the sale, the director now directly owns 19,151 shares in the company, valued at $1,528,058.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.50% of the stock is owned by insiders.

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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