MEMBERS Trust Co purchased a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,786 shares of the pharmacy operator’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chesley Taft & Associates LLC increased its position in shares of Walgreens Boots Alliance by 1.4% in the first quarter. Chesley Taft & Associates LLC now owns 174,098 shares of the pharmacy operator’s stock valued at $14,459,000 after buying an additional 2,462 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Walgreens Boots Alliance by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 286,363 shares of the pharmacy operator’s stock valued at $23,782,000 after buying an additional 4,970 shares during the last quarter. Lynch & Associates IN increased its position in shares of Walgreens Boots Alliance by 0.3% in the first quarter. Lynch & Associates IN now owns 46,177 shares of the pharmacy operator’s stock valued at $3,835,000 after buying an additional 125 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Walgreens Boots Alliance by 25.3% in the first quarter. Koshinski Asset Management Inc. now owns 9,109 shares of the pharmacy operator’s stock valued at $756,000 after buying an additional 1,841 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Walgreens Boots Alliance by 2.8% in the first quarter. Quadrant Capital Group LLC now owns 7,246 shares of the pharmacy operator’s stock valued at $587,000 after buying an additional 200 shares during the last quarter. 61.17% of the stock is owned by institutional investors and hedge funds.

Shares of Walgreens Boots Alliance, Inc. (WBA) traded up 0.84% during mid-day trading on Friday, reaching $80.42. The company had a trading volume of 1,131,062 shares. The stock has a 50 day moving average price of $78.96 and a 200 day moving average price of $82.30. The firm has a market capitalization of $86.06 billion, a PE ratio of 20.31 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 12-month low of $75.18 and a 12-month high of $89.69.

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

The business 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. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, August 16th. Walgreens Boots Alliance’s payout ratio is 37.78%.

Walgreens Boots Alliance declared that its Board of Directors has approved a share buyback program on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to purchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Several research analysts have commented on WBA shares. Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC lowered their target price on Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 31st. Needham & Company LLC started coverage on Walgreens Boots Alliance in a research note on Tuesday, June 27th. They set a “hold” rating for the company. Credit Suisse Group reissued a “buy” rating and set a $97.00 target price on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Finally, Leerink Swann set a $86.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock 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 Walgreens Boots Alliance 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 approximately $1,528,058.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.50% of the stock is 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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