Van Strum & Towne Inc. lowered its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,960 shares of the pharmacy operator’s stock after selling 210 shares during the quarter. Walgreens Boots Alliance comprises approximately 2.4% of Van Strum & Towne Inc.’s holdings, making the stock its 15th largest holding. Van Strum & Towne Inc.’s holdings in Walgreens Boots Alliance were worth $3,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp lifted its stake in Walgreens Boots Alliance by 1.8% in the 1st quarter. State Street Corp now owns 37,612,843 shares of the pharmacy operator’s stock worth $3,123,757,000 after purchasing an additional 677,743 shares in the last quarter. Wellington Management Group LLP lifted its stake in Walgreens Boots Alliance by 5.9% in the 1st 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. Nordea Investment Management AB lifted its stake in Walgreens Boots Alliance by 26.5% in the 1st 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. TIAA CREF Investment Management LLC lifted its stake in Walgreens Boots Alliance by 22.4% in the 1st 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. Finally, UBS Asset Management Americas Inc. lifted its stake in Walgreens Boots Alliance by 22.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock worth $407,982,000 after purchasing an additional 914,888 shares in the last quarter. Institutional investors and hedge funds own 60.16% of the company’s stock.

Walgreens Boots Alliance, Inc. (WBA) opened at 73.20 on Monday. The firm has a 50-day moving average of $80.00 and a 200-day moving average of $81.15. Walgreens Boots Alliance, Inc. has a 52 week low of $72.77 and a 52 week high of $88.00. The company has a market capitalization of $78.33 billion, a P/E ratio of 18.48 and a beta of 1.25.

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

Walgreens Boots Alliance announced that its board has initiated a share repurchase plan on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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Several analysts have commented on WBA shares. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Raymond James Financial, Inc. restated a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada assumed coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, Citigroup Inc. restated a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $91.31.

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 shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. 13.50% of the stock is currently owned by insiders.

Walgreens Boots Alliance 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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