Mcrae Capital Management Inc. lifted its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,559 shares of the pharmacy operator’s stock after purchasing an additional 4 shares during the quarter. Mcrae Capital Management Inc.’s holdings in Walgreens Boots Alliance were worth $435,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WBA. Reilly Financial Advisors LLC lifted its stake in shares of Walgreens Boots Alliance by 7.9% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock worth $107,000 after acquiring an additional 100 shares during the last quarter. Hudock Capital Group LLC lifted its stake in shares of 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 worth $108,000 after acquiring an additional 5 shares during the last quarter. Tarbox Group Inc. lifted its stake in shares of Walgreens Boots Alliance by 288.3% during the 1st quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock worth $113,000 after acquiring an additional 1,006 shares during the last quarter. Webster Bank N. A. lifted its stake in shares of 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 worth $125,000 after acquiring an additional 235 shares during the last quarter. Finally, Orrstown Financial Services Inc. lifted its stake in shares of Walgreens Boots Alliance by 14.1% during the 2nd quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock worth $135,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 60.18% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Mcrae Capital Management Inc. Buys 4 Shares of Walgreens Boots Alliance, Inc. (WBA)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/09/14/mcrae-capital-management-inc-buys-4-shares-of-walgreens-boots-alliance-inc-wba.html.

In other news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction 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 $1,528,058.29. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 13.50% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Needham & Company LLC set a $94.00 price target on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Monday, July 17th. Pivotal Research set a $85.00 price target on Walgreens Boots Alliance and gave the stock a “hold” rating in a research note on Sunday, July 2nd. Guggenheim reissued a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $77.00 price target (down from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $91.81.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 82.73 on Thursday. The stock has a 50 day moving average price of $80.98 and a 200-day moving average price of $82.02. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69. The stock has a market capitalization of $88.53 billion, a P/E ratio of 20.89 and a beta of 1.26.

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, topping the consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The business had revenue of $30.12 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same period last year, the business posted $1.18 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th were given a dividend of $0.40 per share. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 40.30%.

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

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).

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance, Inc. (NASDAQ:WBA).

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

Receive News & Stock Ratings for Walgreens Boots Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance Inc. and related stocks with our FREE daily email newsletter.