Private Trust Co. NA lessened its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 16,397 shares of the pharmacy operator’s stock after selling 551 shares during the period. Private Trust Co. NA’s holdings in Walgreens Boots Alliance were worth $1,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WBA. Russell Investments Group Ltd. raised its holdings in Walgreens Boots Alliance by 72.9% in the 1st quarter. Russell Investments Group Ltd. now owns 482,962 shares of the pharmacy operator’s stock valued at $40,115,000 after acquiring an additional 203,635 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Walgreens Boots Alliance by 5.9% in the 1st quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock valued at $2,727,932,000 after purchasing an additional 1,824,300 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Walgreens Boots Alliance by 9.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 75,821 shares of the pharmacy operator’s stock valued at $6,296,000 after purchasing an additional 6,462 shares during the period. Putnam FL Investment Management Co. grew its stake in shares of Walgreens Boots Alliance by 1,037.3% in the 1st quarter. Putnam FL Investment Management Co. now owns 74,860 shares of the pharmacy operator’s stock valued at $6,217,000 after purchasing an additional 68,278 shares during the period. Finally, Welch & Forbes LLC grew its stake in shares of Walgreens Boots Alliance by 4.8% in the 1st quarter. Welch & Forbes LLC now owns 96,882 shares of the pharmacy operator’s stock valued at $8,046,000 after purchasing an additional 4,453 shares during the period. 60.16% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/19/walgreens-boots-alliance-inc-wba-shares-sold-by-private-trust-co-na.html.

In related news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the transaction, the director now 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 through this link. Insiders own 13.50% of the company’s stock.

Several equities research analysts have recently weighed in on WBA shares. Needham & Company LLC upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Friday, June 30th. 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. Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $77.00 price objective (down from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $92.06.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) traded down 0.9807% on Tuesday, hitting $81.7899. The stock had a trading volume of 3,535,217 shares. Walgreens Boots Alliance, Inc. has a 1-year low of $75.18 and a 1-year high of $89.69. The company’s 50 day moving average is $81.35 and its 200-day moving average is $81.89. The firm has a market capitalization of $87.52 billion, a price-to-earnings ratio of 20.6540 and a beta of 1.26.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that Walgreens Boots Alliance, Inc. will post $5.00 EPS for the current year.

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 $0.40 dividend. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. Walgreens Boots Alliance’s payout ratio is currently 40.30%.

Walgreens Boots Alliance declared that its board has initiated a stock repurchase plan on Thursday, June 29th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the pharmacy operator to buy up to 5.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership 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.