Walgreens Boots Alliance, Inc. (WBA) Shares Bought by State of Tennessee Treasury Department

State of Tennessee Treasury Department boosted its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 22.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 285,774 shares of the pharmacy operator’s stock after purchasing an additional 52,873 shares during the quarter. State of Tennessee Treasury Department’s holdings in Walgreens Boots Alliance were worth $22,378,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WBA. Hudock Capital Group LLC increased its holdings in shares of Walgreens Boots Alliance by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock valued at $102,000 after acquiring an additional 6 shares in the last quarter. Modera Wealth Management LLC increased 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 acquiring an additional 9 shares in the last quarter. Flagship Harbor Advisors LLC increased 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 acquiring an additional 16 shares in the last quarter. Sowell Financial Services LLC increased 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 acquiring an additional 17 shares in the last quarter. Finally, WealthTrust Arizona LLC increased 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 acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.

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Several equities research analysts have recently commented on the company. Royal Bank Of Canada assumed coverage on Walgreens Boots Alliance in a report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a report on Saturday, September 16th. BidaskClub downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Jefferies Group LLC restated a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Thursday, September 7th. Finally, UBS AG restated a “buy” rating and set a $96.00 price objective (down previously from $97.00) on shares of Walgreens Boots Alliance in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $88.00.

In other Walgreens Boots Alliance news, Director John Anthony Lederer bought 20,000 shares of Walgreens Boots Alliance stock in a transaction on Thursday, October 26th. The stock was acquired at an average price of $67.00 per share, with a total value of $1,340,000.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at $3,350,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.50% of the stock is currently owned by company insiders.

Walgreens Boots Alliance, Inc. (WBA) opened at 66.26 on Tuesday. Walgreens Boots Alliance, Inc. has a 52-week low of $63.82 and a 52-week high of $88.00. The stock has a market cap of $70.90 billion, a PE ratio of 16.73 and a beta of 1.25. The firm has a 50-day moving average price of $74.10 and a 200 day moving average price of $79.40.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.10. The business had revenue of $30.15 billion during the quarter, compared to analyst estimates of $29.93 billion. Walgreens Boots Alliance had a return on equity of 18.36% and a net margin of 3.45%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. On average, analysts forecast that Walgreens Boots Alliance, Inc. will post $5.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, November 10th. Walgreens Boots Alliance’s payout ratio is 42.33%.

Walgreens Boots Alliance declared that its board has initiated a share buyback program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the pharmacy operator to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Walgreens Boots Alliance 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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