Meeder Asset Management Inc. bought a new stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,246 shares of the pharmacy operator’s stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Walgreens Boots Alliance by 2.8% in the second quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock valued at $5,480,577,000 after buying an additional 1,926,108 shares during the last quarter. State Street Corp increased its position in Walgreens Boots Alliance by 1.8% during the first quarter. State Street Corp now owns 37,612,843 shares of the pharmacy operator’s stock worth $3,123,757,000 after purchasing an additional 677,743 shares during the last quarter. Wellington Management Group LLP increased its position in Walgreens Boots Alliance by 5.9% during 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 last quarter. Franklin Resources Inc. increased its position in Walgreens Boots Alliance by 24.7% during 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 last quarter. Finally, Nordea Investment Management AB increased its position in Walgreens Boots Alliance by 10.2% during the second quarter. Nordea Investment Management AB now owns 10,085,836 shares of the pharmacy operator’s stock worth $789,822,000 after purchasing an additional 931,508 shares during the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

Walgreens Boots Alliance Inc (NASDAQ WBA) opened at $71.55 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.59 and a current ratio of 1.07. The firm has a market cap of $70,364.77, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. Walgreens Boots Alliance Inc has a 12 month low of $63.82 and a 12 month high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.10. The company had revenue of $30.15 billion during the quarter, compared to analyst estimates of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. Walgreens Boots Alliance’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. equities analysts forecast that Walgreens Boots Alliance Inc will post 5.54 EPS for the current year.

Walgreens Boots Alliance declared that its board has approved a stock buyback plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the pharmacy operator to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders 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 yield of 2.24%. The ex-dividend date is Friday, November 10th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 42.33%.

In other news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the completion of the transaction, the director now owns 16,415 shares of the company’s stock, valued at $1,105,878.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Anthony Lederer acquired 20,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was acquired at an average cost of $67.00 per share, with a total value of $1,340,000.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at approximately $3,350,000. The disclosure for this purchase can be found here. Company insiders own 14.80% of the company’s stock.

WBA has been the subject of several recent analyst reports. Jefferies Group restated a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. Loop Capital initiated coverage on shares of Walgreens Boots Alliance in a research report on Thursday, August 24th. They set a “buy” rating and a $95.00 price objective for the company. UBS restated a “buy” rating and set a $96.00 price objective (down from $97.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, August 23rd. Finally, Mizuho set a $94.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $86.47.

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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).

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

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