Lee Danner & Bass Inc. bought a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,837 shares of the pharmacy operator’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hudock Capital Group LLC lifted 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 acquiring an additional 5 shares during the last quarter. Tarbox Group Inc. lifted its stake in shares of 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 lifted its stake in shares of 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. Webster Bank N. A. lifted its stake in shares of 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. Finally, Orrstown Financial Services Inc. lifted its stake in shares of Walgreens Boots Alliance by 14.1% in the second quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock worth $135,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 60.16% of the company’s stock.

A number of analysts have recently weighed in on WBA shares. Jefferies Group LLC reduced their price objective on shares of 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. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Needham & Company LLC started coverage on shares of Walgreens Boots Alliance in a research note on Tuesday, June 27th. They issued a “hold” rating for the company. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $77.00 price objective (down from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $92.06.

In other news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.50% of the stock is currently owned by company insiders.

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Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at 81.21 on Wednesday. The firm has a 50-day moving average of $81.36 and a 200 day moving average of $81.86. The company has a market cap of $86.90 billion, a price-to-earnings ratio of 20.51 and a beta of 1.26. 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 announced its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $30.12 billion during the quarter, compared to the consensus estimate of $29.72 billion. During the same quarter last year, the firm posted $1.18 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.00 EPS for the current year.

Walgreens Boots Alliance announced that its board has authorized a share buyback program on Thursday, June 29th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the pharmacy operator to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 40.30%.

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).

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

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