Torch Wealth Management LLC maintained its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,150 shares of the pharmacy operator’s stock at the end of the second quarter. Torch Wealth Management LLC’s holdings in Walgreens Boots Alliance were worth $247,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Hudock Capital Group LLC increased its position in Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Tarbox Group Inc. increased its position in Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock worth $113,000 after buying an additional 1,006 shares during the last quarter. Reilly Financial Advisors LLC increased its position in Walgreens Boots Alliance by 7.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Howe & Rusling Inc. increased its position in Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock worth $120,000 after buying an additional 975 shares during the last quarter. Finally, Webster Bank N. A. increased its position in Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock worth $125,000 after buying an additional 235 shares during the last quarter. 61.17% of the stock is currently owned by hedge funds and other institutional investors.

Walgreens Boots Alliance, Inc. (WBA) traded down 0.94% during mid-day trading on Thursday, reaching $80.52. The company had a trading volume of 1,740,014 shares. The firm’s 50-day moving average is $78.91 and its 200-day moving average is $82.32. The firm has a market capitalization of $86.16 billion, a P/E ratio of 20.33 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a return on equity of 17.34% and a net margin of 3.69%. The firm had revenue of $30.12 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.01 earnings per share for the current fiscal year.

Walgreens Boots Alliance declared that its Board of Directors has authorized a share repurchase program 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 programs are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. 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 yield of 1.97%. Walgreens Boots Alliance’s payout ratio is 37.78%.

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A number of research firms have issued reports on WBA. Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC cut their target price on shares of Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 31st. Needham & Company LLC set a $94.00 target price on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Guggenheim restated a “buy” rating on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. Walgreens Boots Alliance currently has an average rating of “Buy” and an average price target of $90.69.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’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 value of $218,305.44. Following the transaction, the director now directly owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.50% of the stock is currently owned by 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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