TIAA CREF Investment Management LLC increased its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 22.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,269,500 shares of the pharmacy operator’s stock after buying an additional 962,959 shares during the period. TIAA CREF Investment Management LLC’s holdings in Walgreens Boots Alliance were worth $437,632,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WBA. Hudock Capital Group LLC raised its stake in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Tarbox Group Inc. raised its stake in shares of Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock worth $113,000 after buying an additional 1,006 shares during the last quarter. Webster Bank N. A. raised its stake in shares of Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock worth $125,000 after buying an additional 235 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Walgreens Boots Alliance by 68.2% in the first quarter. MCF Advisors LLC now owns 1,923 shares of the pharmacy operator’s stock worth $160,000 after buying an additional 780 shares during the last quarter. Finally, Founders Capital Management bought a new stake in shares of Walgreens Boots Alliance during the first quarter worth approximately $161,000. Institutional investors and hedge funds own 60.17% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (WBA) traded up 0.40% during mid-day trading on Thursday, hitting $82.11. 1,382,493 shares of the company traded hands. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $88.00. The firm has a 50-day moving average of $79.95 and a 200-day moving average of $82.28. The stock has a market capitalization of $87.87 billion, a price-to-earnings ratio of 20.73 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $30.12 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The business’s revenue for the quarter 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend 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 purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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Several equities research analysts have issued reports on the stock. Needham & Company LLC assumed coverage on shares of Walgreens Boots Alliance in a research note on Tuesday, June 27th. They issued a “hold” rating on the stock. BidaskClub lowered shares of 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 target on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. Credit Suisse Group reiterated a “buy” rating and issued a $97.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Finally, Pivotal Research set a $85.00 price target on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Walgreens Boots Alliance has a consensus rating of “Buy” and a consensus price target of $90.88.

In other news, Director William C. Foote sold 2,736 shares of the company’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 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 the SEC website. 13.50% of the stock is owned by corporate insiders.

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).

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

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