Walgreens Boots Alliance, Inc. (WBA) is Cumberland Partners Ltd’s 7th Largest Position

Cumberland Partners Ltd decreased its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 13.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,567 shares of the pharmacy operator’s stock after selling 49,570 shares during the period. Walgreens Boots Alliance accounts for about 3.6% of Cumberland Partners Ltd’s portfolio, making the stock its 7th biggest holding. Cumberland Partners Ltd’s holdings in Walgreens Boots Alliance were worth $25,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IBM Retirement Fund boosted its stake in shares of Walgreens Boots Alliance by 88.1% in the second quarter. IBM Retirement Fund now owns 22,903 shares of the pharmacy operator’s stock worth $2,004,000 after acquiring an additional 10,729 shares during the period. Montecito Bank & Trust boosted its stake in shares of Walgreens Boots Alliance by 3.6% in the second quarter. Montecito Bank & Trust now owns 6,661 shares of the pharmacy operator’s stock worth $522,000 after acquiring an additional 230 shares during the period. Wellington Management Group LLP boosted its stake 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 acquiring an additional 1,824,300 shares during the period. Putnam FL Investment Management Co. boosted its stake in shares of Walgreens Boots Alliance by 1,037.3% in the first quarter. Putnam FL Investment Management Co. now owns 74,860 shares of the pharmacy operator’s stock worth $6,217,000 after acquiring an additional 68,278 shares during the period. Finally, Credit Agricole S A boosted its stake in shares of Walgreens Boots Alliance by 28.7% in the first quarter. Credit Agricole S A now owns 1,113,816 shares of the pharmacy operator’s stock worth $92,502,000 after acquiring an additional 248,165 shares during the period. 60.16% of the stock is owned by hedge funds and other institutional investors.

WBA has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Wednesday, September 27th. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada initiated coverage on Walgreens Boots Alliance in a research note on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price target for the company. Finally, Citigroup Inc. reissued a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Walgreens Boots Alliance presently has a consensus rating of “Buy” and a consensus target price of $91.31.

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Shares of Walgreens Boots Alliance, Inc. (WBA) opened at 73.20 on Friday. Walgreens Boots Alliance, Inc. has a one year low of $72.77 and a one year high of $89.69. The stock has a 50 day moving average price of $80.00 and a 200 day moving average price of $81.15. The stock has a market capitalization of $78.33 billion, a P/E ratio of 18.48 and a beta of 1.25.

Walgreens Boots Alliance declared that its board has approved a share repurchase plan on Thursday, June 29th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the pharmacy operator to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 18th were issued a $0.40 dividend. The ex-dividend date was Wednesday, August 16th. 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 yield of 2.19%. Walgreens Boots Alliance’s dividend payout ratio is currently 40.30%.

In related news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total value of $218,305.44. Following the transaction, the director now directly owns 19,151 shares in the company, valued at $1,528,058.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 13.50% of the company’s stock.

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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