Amalgamated Bank increased its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 71.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,495 shares of the pharmacy operator’s stock after purchasing an additional 44,114 shares during the quarter. Amalgamated Bank’s holdings in Walgreens Boots Alliance were worth $8,261,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WBA. Franklin Resources Inc. increased its holdings in shares of Walgreens Boots Alliance by 24.7% in the second quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after purchasing an additional 3,662,302 shares during the period. Nordea Investment Management AB increased its holdings in shares of 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 worth $760,267,000 after purchasing an additional 1,917,082 shares during the period. Wellington Management Group LLP increased its holdings in shares of 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 worth $2,727,932,000 after purchasing an additional 1,824,300 shares during the period. American Century Companies Inc. increased its holdings in shares of Walgreens Boots Alliance by 1,145.3% in the second quarter. American Century Companies Inc. now owns 1,304,168 shares of the pharmacy operator’s stock worth $102,129,000 after purchasing an additional 1,199,442 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of 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 worth $437,632,000 after purchasing an additional 962,959 shares during the period. 63.58% of the stock is currently owned by institutional investors.

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Several brokerages recently issued reports on WBA. Jefferies Group LLC set a $93.00 target price on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Sunday, October 29th. Needham & Company LLC reiterated a “buy” rating and issued a $94.00 target price on shares of Walgreens Boots Alliance in a research report on Thursday, October 12th. BidaskClub upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $80.00 target price (down from $90.00) on shares of Walgreens Boots Alliance in a research report on Thursday, October 19th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $87.63.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at $70.99 on Monday. Walgreens Boots Alliance, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $88.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.59. The stock has a market cap of $71,667.88, a P/E ratio of 13.92, a P/E/G ratio of 1.26 and a beta of 1.20.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.10. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. The company had revenue of $30.15 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. analysts expect that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio is presently 42.33%.

Walgreens Boots Alliance announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the pharmacy operator to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the sale, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Anthony Lederer acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were purchased at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at $3,350,000. The disclosure for this purchase can be found here. Company 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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