Patton Albertson Miller Group LLC decreased its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 8.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,990 shares of the pharmacy operator’s stock after selling 2,317 shares during the quarter. Walgreens Boots Alliance accounts for approximately 0.9% of Patton Albertson Miller Group LLC’s investment portfolio, making the stock its 23rd largest position. Patton Albertson Miller Group LLC’s holdings in Walgreens Boots Alliance were worth $2,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sound Shore Management Inc. CT grew its holdings in shares of Walgreens Boots Alliance by 10.2% during the second quarter. Sound Shore Management Inc. CT now owns 2,278,874 shares of the pharmacy operator’s stock worth $178,459,000 after purchasing an additional 210,325 shares during the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Walgreens Boots Alliance during the second quarter worth about $474,000. C WorldWide Group Holding A S grew its holdings in shares of Walgreens Boots Alliance by 19.6% during the second quarter. C WorldWide Group Holding A S now owns 18,947 shares of the pharmacy operator’s stock worth $1,483,000 after purchasing an additional 3,103 shares during the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Walgreens Boots Alliance by 11.3% during the second quarter. Mondrian Investment Partners LTD now owns 742,956 shares of the pharmacy operator’s stock worth $58,181,000 after purchasing an additional 75,248 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Walgreens Boots Alliance by 0.3% during the second quarter. Arizona State Retirement System now owns 211,768 shares of the pharmacy operator’s stock worth $16,584,000 after purchasing an additional 700 shares during the last quarter. 60.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Walgreens Boots Alliance, Inc. (WBA) opened at 73.20 on Friday. The company has a 50-day moving average price of $80.00 and a 200-day moving average price of $81.15. The stock has a market capitalization of $78.33 billion, a price-to-earnings ratio of 18.48 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 52-week low of $72.77 and a 52-week high of $89.69.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th were paid a dividend of $0.40 per share. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. Walgreens Boots Alliance’s payout ratio is presently 40.30%.

Walgreens Boots Alliance declared that its Board of Directors has initiated a share buyback plan on Thursday, June 29th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the pharmacy operator to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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WBA has been the topic of several analyst reports. Loop Capital initiated coverage on Walgreens Boots Alliance in a report on Thursday, August 24th. They issued a “buy” rating and a $95.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $94.00 target price on shares of Walgreens Boots Alliance in a report on Sunday, September 10th. BidaskClub cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $95.00 target price on shares of Walgreens Boots Alliance in a report on Thursday, September 7th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $97.00 target price on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $91.31.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the transaction, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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).

Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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