Walgreens Boots Alliance, Inc. (WBA) Shares Sold by Pekin Singer Strauss Asset Management IL

Pekin Singer Strauss Asset Management IL trimmed its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,112 shares of the pharmacy operator’s stock after selling 450 shares during the quarter. Pekin Singer Strauss Asset Management IL’s holdings in Walgreens Boots Alliance were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. IBM Retirement Fund grew its stake in Walgreens Boots Alliance by 88.1% during the 2nd quarter. IBM Retirement Fund now owns 22,903 shares of the pharmacy operator’s stock worth $2,004,000 after buying an additional 10,729 shares during the last quarter. Montecito Bank & Trust grew its stake in Walgreens Boots Alliance by 3.6% during the 2nd quarter. Montecito Bank & Trust now owns 6,661 shares of the pharmacy operator’s stock worth $522,000 after buying an additional 230 shares during the last quarter. Wellington Management Group LLP grew its stake in Walgreens Boots Alliance by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator’s stock worth $2,727,932,000 after buying an additional 1,824,300 shares during the last quarter. Putnam FL Investment Management Co. grew its stake in Walgreens Boots Alliance by 1,037.3% during the 1st quarter. Putnam FL Investment Management Co. now owns 74,860 shares of the pharmacy operator’s stock worth $6,217,000 after buying an additional 68,278 shares during the last quarter. Finally, Credit Agricole S A grew its stake in Walgreens Boots Alliance by 28.7% during the 1st quarter. Credit Agricole S A now owns 1,113,816 shares of the pharmacy operator’s stock worth $92,502,000 after buying an additional 248,165 shares during the last quarter. Institutional investors and hedge funds own 60.16% of the company’s stock.

A number of research analysts recently commented on WBA shares. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Needham & Company LLC started coverage on Walgreens Boots Alliance in a research note on Tuesday, June 27th. They set a “hold” rating for the company. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $77.00 price objective (down from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Pivotal Research set a $85.00 price objective on Walgreens Boots Alliance and gave the stock a “hold” rating in a research note on Sunday, July 2nd. Finally, Morgan Stanley restated an “overweight” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $91.31.

In other news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction 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 completion of the sale, the director now directly owns 19,151 shares of the company’s stock, valued at approximately $1,528,058.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.50% of the stock is currently owned by company insiders.

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

Walgreens Boots Alliance declared that its board has initiated a stock buyback program on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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

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).

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

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