Marshall & Sullivan Inc. WA increased its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 41,771 shares of the pharmacy operator’s stock after buying an additional 1,428 shares during the period. Walgreens Boots Alliance comprises 3.1% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 10th largest position. Marshall & Sullivan Inc. WA’s holdings in Walgreens Boots Alliance were worth $3,551,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hudock Capital Group LLC raised its stake 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 valued at $108,000 after buying an additional 5 shares during the last quarter. Tarbox Group Inc. raised its stake 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 valued at $113,000 after buying an additional 1,006 shares during the last quarter. Howe & Rusling Inc. raised its stake 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 valued at $120,000 after buying an additional 975 shares during the last quarter. Webster Bank N. A. raised its stake 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 valued at $125,000 after buying an additional 235 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its stake in Walgreens Boots Alliance by 13.9% in the first quarter. Orrstown Financial Services Inc. now owns 1,515 shares of the pharmacy operator’s stock valued at $126,000 after buying an additional 185 shares during the last quarter. 61.17% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) traded up 1.22% during mid-day trading on Friday, reaching $80.72. 3,992,347 shares of the company traded hands. The stock has a market capitalization of $86.38 billion, a PE ratio of 20.38 and a beta of 1.25. 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 of $79.08 and a 200 day moving average of $82.30.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.03. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. The company had revenue of $30.12 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that Walgreens Boots Alliance, Inc. will post $5.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th will be given a $0.40 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio is presently 37.78%.

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

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A number of brokerages recently weighed in on WBA. Needham & Company LLC raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Friday, June 30th. Pivotal Research set a $85.00 price target on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. Zacks Investment Research lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $77.00 price target (down from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC decreased their price target on shares of Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.69.

In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the completion of the sale, the director now owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.50% of the stock is owned by corporate 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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