Cadence Capital Management LLC raised its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 6.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,840 shares of the pharmacy operator’s stock after buying an additional 886 shares during the period. Cadence Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $1,232,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Walgreens Boots Alliance by 26.5% in the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock worth $760,267,000 after buying an additional 1,917,082 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Walgreens Boots Alliance by 22.9% in the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock worth $407,982,000 after buying an additional 914,888 shares in the last quarter. Swiss National Bank boosted its stake in shares of Walgreens Boots Alliance by 27.3% in the first quarter. Swiss National Bank now owns 3,262,703 shares of the pharmacy operator’s stock worth $270,967,000 after buying an additional 700,400 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Walgreens Boots Alliance by 17.1% in the first quarter. Schroder Investment Management Group now owns 2,588,887 shares of the pharmacy operator’s stock worth $215,681,000 after buying an additional 378,686 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Walgreens Boots Alliance by 53.0% in the first quarter. Prudential Financial Inc. now owns 2,211,112 shares of the pharmacy operator’s stock worth $183,632,000 after buying an additional 766,200 shares in the last quarter. Institutional investors own 61.16% of the company’s stock.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded down 0.06% on Wednesday, reaching $81.23. The company’s stock had a trading volume of 838,318 shares. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69. The stock has a 50-day moving average of $79.67 and a 200-day moving average of $82.29. The stock has a market cap of $86.92 billion, a P/E ratio of 20.51 and a beta of 1.25.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. The company 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%. Walgreens Boots Alliance’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, analysts predict that Walgreens Boots Alliance, Inc. will post $5.00 EPS for the current fiscal year.

Walgreens Boots Alliance declared that its Board of Directors has approved a share repurchase plan on Thursday, June 29th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the pharmacy operator to buy up to 5.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 18th will be issued a $0.40 dividend. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. Walgreens Boots Alliance’s dividend payout ratio is presently 40.30%.

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A number of equities research analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Walgreens Boots Alliance in a research note on Tuesday, June 27th. They issued a “hold” rating on the stock. BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Leerink Swann set a $86.00 price objective on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. Credit Suisse Group restated a “buy” rating and issued a $97.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Finally, Pivotal Research set a $85.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $90.69.

In related news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction dated 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 transaction, the director now 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 accessible through the SEC website. Corporate 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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