Canada Pension Plan Investment Board boosted its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,116,713 shares of the pharmacy operator’s stock after acquiring an additional 134,700 shares during the period. Canada Pension Plan Investment Board owned 0.20% of Walgreens Boots Alliance worth $165,760,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Walgreens Boots Alliance by 1.8% during the first quarter. State Street Corp now owns 37,612,843 shares of the pharmacy operator’s stock valued at $3,123,757,000 after buying an additional 677,743 shares during the period. Wellington Management Group LLP lifted its position in Walgreens Boots Alliance by 5.9% during the first quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock valued at $2,727,932,000 after buying an additional 1,824,300 shares during the period. Nordea Investment Management AB lifted its position in Walgreens Boots Alliance by 26.5% during the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock valued at $760,267,000 after buying an additional 1,917,082 shares during the period. TIAA CREF Investment Management LLC lifted its position in Walgreens Boots Alliance by 22.4% during the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock valued at $437,632,000 after buying an additional 962,959 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in Walgreens Boots Alliance by 22.9% during the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock valued at $407,982,000 after buying an additional 914,888 shares during the period. Institutional investors and hedge funds own 60.16% of the company’s stock.

Several equities analysts have commented on the company. Royal Bank Of Canada assumed coverage on Walgreens Boots Alliance in a research report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. BidaskClub lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, September 7th. Finally, UBS AG reissued a “buy” rating and set a $96.00 price objective (down previously from $97.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. Walgreens Boots Alliance currently has a consensus rating of “Buy” and an average target price of $91.94.

Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at 76.95 on Friday. Walgreens Boots Alliance Inc has a 52-week low of $75.18 and a 52-week high of $89.69. The stock has a 50 day moving average price of $80.22 and a 200 day moving average price of $81.23. The stock has a market cap of $82.34 billion, a price-to-earnings ratio of 19.43 and a beta of 1.25.

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

The business also recently disclosed 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. The ex-dividend date was Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 40.30%.

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In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated 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 owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.50% of the stock is owned by company insiders.

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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