PNC Financial Services Group Inc. cut its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 865,273 shares of the pharmacy operator’s stock after selling 48,114 shares during the quarter. PNC Financial Services Group Inc. owned about 0.08% of Walgreens Boots Alliance worth $67,760,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Walgreens Boots Alliance by 1.8% during 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 during the period. Wellington Management Group LLP grew its stake in shares of Walgreens Boots Alliance by 5.9% during 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 during the period. Franklin Resources Inc. grew its stake in shares of Walgreens Boots Alliance by 24.7% during the 2nd 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 grew 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 valued at $760,267,000 after acquiring an additional 1,917,082 shares during the last quarter. Finally, CI Global Investments Inc. grew its stake in Walgreens Boots Alliance by 4.8% in the 2nd quarter. CI Global Investments Inc. now owns 5,931,592 shares of the pharmacy operator’s stock valued at $464,503,000 after acquiring an additional 270,182 shares during the last quarter. 63.58% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now owns 16,415 shares in the company, valued at $1,105,878.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Anthony Lederer purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The disclosure for this purchase can be found here. Company insiders own 13.50% of the company’s stock.

WBA has been the topic of a number of research reports. Needham & Company LLC set a $94.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Monday, July 17th. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. UBS AG reissued a “buy” rating and issued a $96.00 price objective (down from $97.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, August 23rd. Loop Capital initiated coverage on shares of Walgreens Boots Alliance in a research note on Thursday, August 24th. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $87.63.

Walgreens Boots Alliance, Inc. (WBA) opened at $70.37 on Tuesday. Walgreens Boots Alliance, Inc. has a 1-year low of $63.82 and a 1-year high of $88.00. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. The firm has a market cap of $71,667.88, a PE ratio of 13.92, a PEG ratio of 1.26 and a beta of 1.20.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.10. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The firm had revenue of $30.15 billion for the quarter, compared to analyst estimates of $29.93 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts anticipate 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 initiated a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the pharmacy operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be issued 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 payout ratio is 42.33%.

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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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