Alliancebernstein L.P. Acquires 41,037 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Alliancebernstein L.P. grew its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510,585 shares of the pharmacy operator’s stock after purchasing an additional 41,037 shares during the quarter. Alliancebernstein L.P. owned about 0.14% of Walgreens Boots Alliance worth $118,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of Walgreens Boots Alliance by 24.7% during the 2nd quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator’s stock worth $1,448,939,000 after buying an additional 3,662,302 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Walgreens Boots Alliance by 26.5% during the 1st quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock worth $760,267,000 after buying an additional 1,917,082 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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. American Century Companies Inc. increased its holdings in shares of Walgreens Boots Alliance by 1,145.3% during the 2nd quarter. American Century Companies Inc. now owns 1,304,168 shares of the pharmacy operator’s stock worth $102,129,000 after buying an additional 1,199,442 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Walgreens Boots Alliance by 22.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock worth $437,632,000 after buying an additional 962,959 shares during the last quarter. 63.58% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Walgreens Boots Alliance in a report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price target for the company. restated a “buy” rating and set a $94.00 price target on shares of Walgreens Boots Alliance in a report on Saturday, September 16th. downgraded shares of 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 target on shares of Walgreens Boots Alliance in a report on Thursday, September 7th. Finally, UBS AG reiterated a “buy” rating and issued a $96.00 target price (down previously from $97.00) on shares of Walgreens Boots Alliance in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $87.63.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now directly owns 16,415 shares in the company, valued at $1,105,878.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Anthony Lederer purchased 20,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were purchased at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the purchase, the director now owns 50,000 shares of the company’s stock, valued at $3,350,000. The disclosure for this purchase can be found here. Insiders own 13.50% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) opened at $70.59 on Wednesday. Walgreens Boots Alliance, Inc. has a 1 year low of $63.82 and a 1 year high of $88.00. The firm has a market cap of $71,260.00, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.25 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Wednesday, October 25th. The pharmacy operator reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.10. The firm had revenue of $30.15 billion during the quarter, compared to analysts’ expectations of $29.93 billion. Walgreens Boots Alliance had a net margin of 3.45% and a return on equity of 18.36%. Walgreens Boots Alliance’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. equities analysts predict that Walgreens Boots Alliance, Inc. will post 5.55 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 13th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.27%. Walgreens Boots Alliance’s dividend payout ratio is presently 42.33%.

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About Walgreens Boots Alliance

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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