State of Alaska Department of Revenue lifted its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 52.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,790 shares of the pharmacy operator’s stock after acquiring an additional 1,650 shares during the quarter. State of Alaska Department of Revenue’s holdings in Walgreens Boots Alliance were worth $375,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont grew its stake in shares of Walgreens Boots Alliance by 23.6% during the 2nd quarter. Trust Co. of Vermont now owns 13,102 shares of the pharmacy operator’s stock worth $1,026,000 after acquiring an additional 2,500 shares during the period. NEXT Financial Group Inc grew its stake in shares of Walgreens Boots Alliance by 5.0% during the 2nd quarter. NEXT Financial Group Inc now owns 16,265 shares of the pharmacy operator’s stock worth $1,274,000 after acquiring an additional 775 shares during the period. Acropolis Investment Management LLC grew its stake in shares of Walgreens Boots Alliance by 4.2% during the 2nd quarter. Acropolis Investment Management LLC now owns 2,625 shares of the pharmacy operator’s stock worth $206,000 after acquiring an additional 105 shares during the period. Arvest Bank Trust Division grew its stake in shares of Walgreens Boots Alliance by 1.3% during the 2nd quarter. Arvest Bank Trust Division now owns 92,492 shares of the pharmacy operator’s stock worth $7,243,000 after acquiring an additional 1,149 shares during the period. Finally, Bank of The West grew its stake in shares of Walgreens Boots Alliance by 279.3% during the 2nd quarter. Bank of The West now owns 38,210 shares of the pharmacy operator’s stock worth $2,993,000 after acquiring an additional 28,137 shares during the period. Institutional investors own 60.16% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded up 0.27% during trading on Friday, hitting $78.41. The company had a trading volume of 5,001,271 shares. The firm’s 50 day moving average is $81.36 and its 200-day moving average is $81.86. Walgreens Boots Alliance, Inc. has a 52 week low of $75.18 and a 52 week high of $89.69. The stock has a market capitalization of $83.91 billion, a P/E ratio of 19.80 and a beta of 1.26.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $29.72 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The firm’s 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 fiscal year.

Walgreens Boots Alliance declared that its Board of Directors has approved a share repurchase 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 typically an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 18th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, August 16th. This is a positive change 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 2.04%. Walgreens Boots Alliance’s dividend payout ratio is presently 40.30%.

Several research analysts have commented on WBA shares. Needham & Company LLC upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Friday, June 30th. Pivotal Research set a $85.00 target price on Walgreens Boots Alliance and gave the stock a “hold” rating in a research note on Sunday, July 2nd. Zacks Investment Research downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. BidaskClub upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $77.00 target price (down previously from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Two investment 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’s stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and a consensus target price of $92.06.

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In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The sale was disclosed in a filing with the SEC, which is available through this link. 13.50% of the stock is currently owned by corporate insiders.

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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