Meridian Wealth Management LLC raised its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,550 shares of the pharmacy operator’s stock after purchasing an additional 50 shares during the period. Meridian Wealth Management LLC’s holdings in Walgreens Boots Alliance were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hudock Capital Group LLC boosted 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 during the last quarter. Modera Wealth Management LLC boosted its stake in Walgreens Boots Alliance by 0.4% during the 1st quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after purchasing an additional 9 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in Walgreens Boots Alliance by 0.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after purchasing an additional 16 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Walgreens Boots Alliance by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock valued at $274,000 after purchasing an additional 22 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Walgreens Boots Alliance by 0.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 3,216 shares of the pharmacy operator’s stock valued at $267,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.

Several equities analysts have recently weighed in on the company. BidaskClub cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a report on Sunday. Credit Suisse Group reissued a “buy” rating and set a $97.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, July 13th. UBS AG reissued a “buy” rating and set a $96.00 price target (down from $97.00) on shares of Walgreens Boots Alliance in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.81.

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In related 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.50% of the stock is currently owned by corporate insiders.

Shares of Walgreens Boots Alliance, Inc. (WBA) traded up 0.018% on Wednesday, hitting $82.755. The stock had a trading volume of 2,598,089 shares. The firm has a market cap of $88.56 billion, a P/E ratio of 20.898 and a beta of 1.26. The firm’s 50-day moving average price is $80.89 and its 200 day moving average price is $82.05. Walgreens Boots Alliance, Inc. has a 12 month low of $75.18 and a 12 month 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 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 company had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter in the prior year, the company earned $1.18 EPS. Walgreens Boots Alliance’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.00 EPS for the current fiscal year.

Walgreens Boots Alliance announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 29th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the pharmacy operator to buy up to 5.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The firm 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. This represents a $1.60 annualized dividend and a yield of 1.93%. The ex-dividend date was Wednesday, August 16th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio is currently 40.30%.

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).

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

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