State of New Jersey Common Pension Fund D held its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,800 shares of the pharmacy operator’s stock at the close of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Walgreens Boots Alliance were worth $34,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hudock Capital Group LLC grew its holdings in shares of Walgreens Boots Alliance by 0.4% during the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after purchasing an additional 5 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of Walgreens Boots Alliance by 0.4% during the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after purchasing an additional 9 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock worth $243,000 after purchasing an additional 16 shares in the last quarter. Sowell Financial Services LLC grew its holdings in shares of Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock worth $218,000 after purchasing an additional 17 shares in the last quarter. Finally, WealthTrust Arizona LLC grew its holdings in shares of Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock worth $412,000 after purchasing an additional 21 shares in the last quarter. 60.16% of the stock is owned by institutional investors.

Several brokerages have recently commented on WBA. Needham & Company LLC set a $94.00 price objective on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Monday, July 17th. Pivotal Research set a $85.00 price objective on Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Sunday, July 2nd. Guggenheim reissued a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $77.00 price objective (down previously from $89.00) on shares of Walgreens Boots Alliance in a report on Wednesday, June 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. The company has an average 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 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 completion of the transaction, the director now owns 19,151 shares in the company, valued at approximately $1,528,058.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.50% of the stock is currently owned by insiders.

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Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 78.20 on Friday. The firm has a 50-day moving average price of $81.36 and a 200 day moving average price of $81.86. Walgreens Boots Alliance, Inc. has a 12 month low of $75.18 and a 12 month high of $89.69. The company has a market cap of $83.68 billion, a P/E ratio of 19.75 and a beta of 1.26.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its 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 firm had revenue of $30.12 billion during 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 company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. Equities analysts predict that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th were issued a $0.40 dividend. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. Walgreens Boots Alliance’s payout ratio is 40.30%.

Walgreens Boots Alliance 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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