Mengis Capital Management Inc. decreased its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,940 shares of the pharmacy operator’s stock after selling 50 shares during the quarter. Mengis Capital Management Inc.’s holdings in Walgreens Boots Alliance were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Waldron LP lifted its stake in Walgreens Boots Alliance by 67.7% in the first quarter. Waldron LP now owns 4,500 shares of the pharmacy operator’s stock worth $373,000 after acquiring an additional 1,816 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Walgreens Boots Alliance by 28.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,982,013 shares of the pharmacy operator’s stock worth $164,606,000 after acquiring an additional 444,900 shares during the last quarter. Brookstone Capital Management lifted its stake in Walgreens Boots Alliance by 0.3% in the first quarter. Brookstone Capital Management now owns 17,407 shares of the pharmacy operator’s stock worth $1,446,000 after acquiring an additional 56 shares during the last quarter. Arcadia Investment Management Corp MI lifted its stake in Walgreens Boots Alliance by 0.7% in the first quarter. Arcadia Investment Management Corp MI now owns 30,475 shares of the pharmacy operator’s stock worth $2,531,000 after acquiring an additional 200 shares during the last quarter. Finally, Advisor Partners LLC lifted its stake in Walgreens Boots Alliance by 7.2% in the first quarter. Advisor Partners LLC now owns 16,156 shares of the pharmacy operator’s stock worth $1,342,000 after acquiring an additional 1,092 shares during the last quarter. 60.16% of the stock is owned by institutional investors and hedge funds.

In related news, Director William C. Foote sold 2,736 shares of the company’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 sale, the director now directly owns 19,151 shares of the company’s stock, valued at approximately $1,528,058.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.50% of the company’s stock.

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A number of research analysts recently issued reports on the stock. Needham & Company LLC set a $94.00 price target on shares of 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 shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a research note on Sunday, July 2nd. Guggenheim reiterated a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Wednesday, September 27th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $91.94.

Walgreens Boots Alliance, Inc. (WBA) opened at 75.83 on Thursday. The stock has a 50 day moving average of $80.34 and a 200-day moving average of $81.26. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69. The firm has a market capitalization of $81.15 billion, a PE ratio of 19.15 and a beta of 1.25.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors 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 2.11%. The ex-dividend date was Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio is currently 40.30%.

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

Walgreens Boots Alliance Company 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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