Rhumbline Advisers Buys 63,259 Shares of Walgreens Boots Alliance, Inc. (WBA)

Rhumbline Advisers increased its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,533,800 shares of the pharmacy operator’s stock after acquiring an additional 63,259 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Walgreens Boots Alliance worth $120,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WBA. Modera Wealth Management LLC grew its holdings in shares of Walgreens Boots Alliance by 0.4% during the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock valued at $204,000 after buying an additional 9 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 0.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,027 shares of the pharmacy operator’s stock valued at $243,000 after buying an additional 16 shares in the last quarter. Sowell Financial Services LLC grew its holdings in shares of Walgreens Boots Alliance by 0.6% during the first quarter. Sowell Financial Services LLC now owns 2,703 shares of the pharmacy operator’s stock valued at $218,000 after buying an additional 17 shares in the last quarter. WealthTrust Arizona LLC grew its holdings in shares of Walgreens Boots Alliance by 0.4% during the second quarter. WealthTrust Arizona LLC now owns 5,264 shares of the pharmacy operator’s stock valued at $412,000 after buying an additional 21 shares in the last quarter. Finally, Guardian Life Insurance Co. of America grew its holdings in shares of Walgreens Boots Alliance by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,301 shares of the pharmacy operator’s stock valued at $274,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 60.16% of the company’s stock.

A number of brokerages have recently weighed in on WBA. Needham & Company LLC set a $94.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a report on Monday, July 17th. Pivotal Research set a $85.00 price target on Walgreens Boots Alliance and gave the company a “hold” rating in a report on Sunday, July 2nd. Guggenheim reiterated a “buy” rating on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a report on Wednesday, September 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.31.

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Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 73.20 on Monday. The firm has a market cap of $78.33 billion, a PE ratio of 18.48 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 12 month low of $72.77 and a 12 month high of $88.00. The firm has a 50 day moving average price of $80.00 and a 200-day moving average price of $81.15.

Walgreens Boots Alliance announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 29th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the pharmacy operator to purchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 18th were issued a $0.40 dividend. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 40.30%.

In other news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $79.79, for a total value of $218,305.44. Following the completion of the transaction, the director now owns 19,151 shares in the company, valued at approximately $1,528,058.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.50% of the stock is owned by company insiders.

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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