Dubuque Bank & Trust Co. cut its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 21.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,768 shares of the pharmacy operator’s stock after selling 742 shares during the period. Dubuque Bank & Trust Co.’s holdings in Walgreens Boots Alliance were worth $217,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WBA. Bank of Montreal Can raised its stake in shares of Walgreens Boots Alliance by 4.0% in the first quarter. Bank of Montreal Can now owns 1,800,408 shares of the pharmacy operator’s stock worth $149,524,000 after buying an additional 69,101 shares in the last quarter. Legacy Private Trust Co. raised its stake in shares of Walgreens Boots Alliance by 4.8% in the first quarter. Legacy Private Trust Co. now owns 29,556 shares of the pharmacy operator’s stock worth $2,455,000 after buying an additional 1,353 shares in the last quarter. National Pension Service raised its stake in shares of Walgreens Boots Alliance by 9.4% in the first quarter. National Pension Service now owns 629,712 shares of the pharmacy operator’s stock worth $52,461,000 after buying an additional 54,084 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Walgreens Boots Alliance by 2.8% in the first quarter. Quadrant Capital Group LLC now owns 7,246 shares of the pharmacy operator’s stock worth $587,000 after buying an additional 200 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in shares of Walgreens Boots Alliance by 25.3% in the first quarter. Koshinski Asset Management Inc. now owns 9,109 shares of the pharmacy operator’s stock worth $756,000 after buying an additional 1,841 shares during the last quarter. 61.16% of the stock is owned by institutional investors and hedge funds.

Shares of Walgreens Boots Alliance, Inc. (WBA) traded down 1.06% during mid-day trading on Friday, hitting $80.03. 5,239,292 shares of the company traded hands. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69. The firm has a 50-day moving average of $79.60 and a 200-day moving average of $82.28. The stock has a market capitalization of $85.64 billion, a price-to-earnings ratio of 20.21 and a beta of 1.25.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. The business had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $29.72 billion. During the same quarter last year, the company posted $1.18 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Wednesday, August 16th. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio (DPR) is 40.30%.

Walgreens Boots Alliance declared that its board has authorized a stock repurchase program on Thursday, June 29th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the pharmacy operator to buy up to 5.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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WBA has been the topic of a number of recent research reports. Needham & Company LLC raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Friday, June 30th. Credit Suisse Group reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Leerink Swann set a $86.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. Citigroup Inc. reissued a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Finally, Guggenheim reissued a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. Walgreens Boots Alliance presently has a consensus rating of “Buy” and an average price target of $90.69.

In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the sale, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.50% of the company’s stock.

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).

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

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