Hills Bank & Trust Co. decreased its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,502 shares of the pharmacy operator’s stock after selling 14 shares during the quarter. Hills Bank & Trust Co.’s holdings in Walgreens Boots Alliance were worth $274,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC boosted its stake in Walgreens Boots Alliance by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after acquiring an additional 5 shares during the last quarter. Tarbox Group Inc. boosted its stake in Walgreens Boots Alliance by 288.3% during the 1st quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock worth $113,000 after acquiring an additional 1,006 shares during the last quarter. Webster Bank N. A. boosted its stake in Walgreens Boots Alliance by 18.4% during the 1st quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock worth $125,000 after acquiring an additional 235 shares during the last quarter. MCF Advisors LLC boosted its stake in Walgreens Boots Alliance by 68.2% during the 1st quarter. MCF Advisors LLC now owns 1,923 shares of the pharmacy operator’s stock worth $160,000 after acquiring an additional 780 shares during the last quarter. Finally, Founders Capital Management bought a new position in Walgreens Boots Alliance during the 1st quarter worth approximately $161,000. 60.16% of the stock is currently owned by institutional investors and hedge funds.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the firm’s 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 transaction, the director now directly 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 this hyperlink. 13.50% of the stock is owned by company insiders.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded down 0.22% during trading on Friday, reaching $78.03. 2,181,285 shares of the company were exchanged. The company has a market capitalization of $83.50 billion, a PE ratio of 19.70 and a beta of 1.26. The firm’s 50 day moving average price is $81.36 and its 200 day moving average price is $81.86. 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 issued its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $29.72 billion. During the same period last year, the business earned $1.18 EPS. Walgreens Boots Alliance’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 40.30%.

WBA has been the topic of several recent analyst reports. Needham & Company LLC raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Friday, June 30th. Credit Suisse Group reissued a “buy” rating and set a $97.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Leerink Swann set a $86.00 price target on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. Citigroup Inc. reaffirmed a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Finally, Guggenheim reaffirmed a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $92.06.

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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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