Putnam Investments LLC raised its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 1,984,172 shares of the pharmacy operator’s stock after buying an additional 220,762 shares during the period. Putnam Investments LLC’s holdings in Walgreens Boots Alliance were worth $119,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WBA. BlackRock Inc. raised its position in shares of Walgreens Boots Alliance by 1.5% in the second quarter. BlackRock Inc. now owns 53,148,612 shares of the pharmacy operator’s stock valued at $3,189,715,000 after purchasing an additional 771,307 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Walgreens Boots Alliance by 11.5% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,110,617 shares of the pharmacy operator’s stock valued at $666,804,000 after purchasing an additional 1,143,819 shares during the period. Bank of New York Mellon Corp raised its position in shares of Walgreens Boots Alliance by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 10,875,615 shares of the pharmacy operator’s stock valued at $652,699,000 after purchasing an additional 320,484 shares during the period. LSV Asset Management raised its position in shares of Walgreens Boots Alliance by 17.2% in the second quarter. LSV Asset Management now owns 8,704,233 shares of the pharmacy operator’s stock valued at $522,384,000 after purchasing an additional 1,277,546 shares during the period. Finally, CI Global Investments Inc. increased its holdings in Walgreens Boots Alliance by 2.7% during the 1st quarter. CI Global Investments Inc. now owns 8,124,379 shares of the pharmacy operator’s stock worth $531,903,000 after acquiring an additional 217,119 shares during the period. Hedge funds and other institutional investors own 61.98% of the company’s stock.

In related news, insider Stefano Pessina purchased 1,697,438 shares of the firm’s stock in a transaction dated Monday, July 16th. The shares were purchased at an average price of $63.92 per share, with a total value of $108,500,236.96. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William C. Foote sold 2,736 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $65.99, for a total transaction of $180,548.64. Following the completion of the transaction, the director now directly owns 10,943 shares in the company, valued at approximately $722,128.57. The disclosure for this sale can be found here. 14.80% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on the stock. TheStreet raised shares of Walgreens Boots Alliance from a “c+” rating to a “b” rating in a report on Wednesday. BidaskClub raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group lowered shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating and decreased their target price for the stock from $85.00 to $65.00 in a report on Friday, June 29th. Citigroup lowered shares of Walgreens Boots Alliance from a “buy” rating to a “neutral” rating and set a $69.00 target price on the stock. in a report on Monday, July 9th. Finally, Loop Capital upped their target price on shares of Walgreens Boots Alliance to $80.00 and gave the stock a “buy” rating in a report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus price target of $76.61.

Shares of NASDAQ:WBA opened at $70.28 on Friday. The firm has a market capitalization of $69.85 billion, a PE ratio of 12.03, a P/E/G ratio of 1.07 and a beta of 1.09. Walgreens Boots Alliance Inc has a one year low of $59.07 and a one year high of $83.74. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.47 and a current ratio of 0.93.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, June 28th. The pharmacy operator reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.06. The firm had revenue of $34.33 billion for the quarter, compared to analyst estimates of $34.15 billion. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. research analysts expect that Walgreens Boots Alliance Inc will post 5.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Monday, August 20th were issued a $0.44 dividend. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.50%. Walgreens Boots Alliance’s dividend payout ratio is presently 34.51%.

Walgreens Boots Alliance Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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