DekaBank Deutsche Girozentrale reduced its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 195,978 shares of the pharmacy operator’s stock after selling 7,169 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Walgreens Boots Alliance were worth $15,598,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. IBM Retirement Fund raised its holdings in shares of Walgreens Boots Alliance by 88.1% in the second quarter. IBM Retirement Fund now owns 22,903 shares of the pharmacy operator’s stock valued at $2,004,000 after purchasing an additional 10,729 shares during the last quarter. Montecito Bank & Trust raised its holdings in shares of Walgreens Boots Alliance by 3.6% in the second quarter. Montecito Bank & Trust now owns 6,661 shares of the pharmacy operator’s stock valued at $522,000 after purchasing an additional 230 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Walgreens Boots Alliance by 5.9% in 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 purchasing an additional 1,824,300 shares during the last quarter. Putnam FL Investment Management Co. raised its holdings in shares of Walgreens Boots Alliance by 1,037.3% in the first 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 last quarter. Finally, Credit Agricole S A grew its stake in shares of Walgreens Boots Alliance by 28.7% in the first quarter. Credit Agricole S A now owns 1,113,816 shares of the pharmacy operator’s stock valued at $92,502,000 after buying an additional 248,165 shares in the last quarter. Hedge funds and other institutional investors own 60.16% of the company’s stock.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 73.20 on Friday. Walgreens Boots Alliance, Inc. has a 1-year low of $72.77 and a 1-year high of $89.69. The firm has a market cap of $78.33 billion, a P/E ratio of 18.48 and a beta of 1.25. The company has a 50-day moving average price of $80.00 and a 200-day moving average price of $81.15.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.60 annualized dividend and a yield of 2.19%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 40.30%.

Several equities analysts recently weighed in on WBA shares. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Needham & Company LLC started coverage on shares of Walgreens Boots Alliance in a research note on Tuesday, June 27th. They issued a “hold” rating for the company. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $77.00 target price (down from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Pivotal Research set a $85.00 target price on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $95.00 target price on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Buy” and an average price target of $91.31.

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In other Walgreens Boots Alliance 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 value of $218,305.44. Following the completion of the transaction, the director now owns 19,151 shares in the company, valued at approximately $1,528,058.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.50% of the stock is owned by company insiders.

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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