First Allied Advisory Services Inc. reduced its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 7.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 51,170 shares of the pharmacy operator’s stock after selling 3,854 shares during the period. First Allied Advisory Services Inc.’s holdings in Walgreens Boots Alliance were worth $4,039,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC grew its stake in shares of Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after purchasing an additional 6 shares during the period. Modera Wealth Management LLC grew its stake in shares of Walgreens Boots Alliance by 0.4% during the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after purchasing an additional 9 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after purchasing an additional 16 shares during the period. Sowell Financial Services LLC grew its stake in shares of Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after purchasing an additional 17 shares during the period. Finally, WealthTrust Arizona LLC grew its stake in shares of Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after purchasing an additional 21 shares during the period. 63.35% of the stock is owned by institutional investors.

Shares of Walgreens Boots Alliance, Inc. (WBA) opened at $71.33 on Thursday. Walgreens Boots Alliance, Inc. has a twelve month low of $63.82 and a twelve month high of $88.00. The stock has a market capitalization of $71,839.51, a PE ratio of 13.95, a P/E/G ratio of 1.27 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.10. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. The business had revenue of $30.15 billion for the quarter, compared to analyst estimates of $29.93 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Walgreens Boots Alliance’s revenue was up 5.3% on a year-over-year basis. analysts expect that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 13th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 annualized dividend and a yield of 2.24%. Walgreens Boots Alliance’s payout ratio is presently 42.33%.

Walgreens Boots Alliance declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the pharmacy operator to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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In other Walgreens Boots Alliance news, Director John Anthony Lederer purchased 20,000 shares of the stock in a transaction on Thursday, October 26th. The shares were purchased at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at $3,350,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The disclosure for this sale can be found here. Corporate insiders own 13.50% of the company’s stock.

WBA has been the subject of a number of analyst reports. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Wednesday, September 27th. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Leerink Swann cut Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Loop Capital set a $90.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, SunTrust Banks, Inc. set a $72.00 target price on Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $87.21.

About Walgreens Boots Alliance

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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