Toth Financial Advisory Corp lessened its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 110,871 shares of the pharmacy operator’s stock after selling 1,812 shares during the period. Walgreens Boots Alliance accounts for about 2.3% of Toth Financial Advisory Corp’s portfolio, making the stock its 4th largest position. Toth Financial Advisory Corp’s holdings in Walgreens Boots Alliance were worth $8,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC increased its stake in Walgreens Boots Alliance by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock valued at $108,000 after purchasing an additional 5 shares in the last quarter. Tarbox Group Inc. increased its stake in Walgreens Boots Alliance by 288.3% during the 1st quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock valued at $113,000 after purchasing an additional 1,006 shares in the last quarter. Webster Bank N. A. increased its stake in Walgreens Boots Alliance by 18.4% during the 1st quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock valued at $125,000 after purchasing an additional 235 shares in the last quarter. MCF Advisors LLC increased its stake in Walgreens Boots Alliance by 68.2% during the 1st quarter. MCF Advisors LLC now owns 1,923 shares of the pharmacy operator’s stock valued at $160,000 after purchasing an additional 780 shares in the last quarter. Finally, Founders Capital Management bought a new stake in Walgreens Boots Alliance during the 1st quarter valued at $161,000. Institutional investors own 60.18% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded up 0.23% during midday trading on Wednesday, hitting $82.93. 2,760,491 shares of the stock were exchanged. The firm’s 50 day moving average price is $80.98 and its 200-day moving average price is $82.02. The stock has a market cap of $88.74 billion, a P/E ratio of 20.94 and a beta of 1.26. Walgreens Boots Alliance, Inc. has a 52-week low of $75.18 and a 52-week high of $89.69.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. Walgreens Boots Alliance’s payout ratio is 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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In related news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the transaction, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 13.50% of the company’s stock.

A number of brokerages have commented on WBA. BidaskClub lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a research note on Sunday. Jefferies Group LLC restated a “buy” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, September 7th. Loop Capital began coverage on shares of Walgreens Boots Alliance in a research note on Thursday, August 24th. They set a “buy” rating and a $95.00 price target for the company. Finally, UBS AG restated a “buy” rating and set a $96.00 price target (down previously from $97.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $91.81.

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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