OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 46.8% during the first quarter, Holdings Channel reports. The firm owned 16,588 shares of the pharmacy operator’s stock after buying an additional 5,288 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Walgreens Boots Alliance were worth $1,378,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WBA. State Street Corp boosted its stake in Walgreens Boots Alliance by 1.8% in the first quarter. State Street Corp now owns 37,612,843 shares of the pharmacy operator’s stock valued at $3,123,757,000 after buying an additional 677,743 shares during the period. Wellington Management Group LLP boosted its stake in 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 buying an additional 1,824,300 shares during the period. Nordea Investment Management AB boosted its stake in Walgreens Boots Alliance by 26.5% in the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock valued at $760,267,000 after buying an additional 1,917,082 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Walgreens Boots Alliance by 22.4% in the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock valued at $437,632,000 after buying an additional 962,959 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Walgreens Boots Alliance by 22.9% in the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock valued at $407,982,000 after buying an additional 914,888 shares during the period. Institutional investors and hedge funds own 61.17% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (WBA) traded up 1.22% on Friday, hitting $80.72. The company’s stock had a trading volume of 3,992,347 shares. The stock has a market capitalization of $86.38 billion, a P/E 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’s 50 day moving average price is $79.08 and its 200 day moving average price is $82.30.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 18th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, August 16th. 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 1.98%. Walgreens Boots Alliance’s dividend payout ratio is currently 37.78%.

Walgreens Boots Alliance announced that its Board of Directors has initiated a share buyback program on Thursday, June 29th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the pharmacy operator to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

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WBA has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Citigroup Inc. restated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Guggenheim restated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Finally, Jefferies Group LLC decreased their price objective on Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and an average price target of $90.69.

In related news, Director William C. Foote sold 2,736 shares of the company’s 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 directly owns 19,151 shares in the company, valued at $1,528,058.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.50% of the company’s stock.

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).

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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