Blue Fin Capital Inc. Sells 2,560 Shares of Walgreens Boots Alliance, Inc. (WBA)

Blue Fin Capital Inc. cut its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 25.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,654 shares of the pharmacy operator’s stock after selling 2,560 shares during the quarter. Blue Fin Capital Inc.’s holdings in Walgreens Boots Alliance were worth $599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WBA. Nordea Investment Management AB increased its holdings in shares of Walgreens Boots Alliance by 26.5% during the first quarter. Nordea Investment Management AB now owns 9,154,328 shares of the pharmacy operator’s stock worth $760,267,000 after purchasing an additional 1,917,082 shares during the period. Wellington Management Group LLP increased its holdings in shares of Walgreens Boots Alliance by 5.9% during 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 purchasing an additional 1,824,300 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Walgreens Boots Alliance by 22.4% during the first quarter. TIAA CREF Investment Management LLC now owns 5,269,500 shares of the pharmacy operator’s stock worth $437,632,000 after purchasing an additional 962,959 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Walgreens Boots Alliance by 22.9% during the first quarter. UBS Asset Management Americas Inc. now owns 4,912,489 shares of the pharmacy operator’s stock worth $407,982,000 after purchasing an additional 914,888 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Walgreens Boots Alliance by 53.0% during the first quarter. Prudential Financial Inc. now owns 2,211,112 shares of the pharmacy operator’s stock worth $183,632,000 after purchasing an additional 766,200 shares during the period. 60.16% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 69.85 on Wednesday. The stock’s 50 day moving average is $79.43 and its 200-day moving average is $80.94. Walgreens Boots Alliance, Inc. has a one year low of $69.28 and a one year high of $89.69. The firm has a market cap of $74.75 billion, a price-to-earnings ratio of 17.64 and a beta of 1.25.

Walgreens Boots Alliance announced that its Board of Directors has approved a share repurchase program on Thursday, June 29th that authorizes the company to repurchase $5.00 billion in 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 usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 18th were paid a dividend of $0.40 per share. This is a positive change 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 2.29%. The ex-dividend date was Wednesday, August 16th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 40.30%.

Several research analysts have recently commented on WBA shares. Needham & Company LLC set a $94.00 target price on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Monday, July 17th. Credit Suisse Group reissued a “buy” rating and issued a $97.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Leerink Swann set a $86.00 price objective on shares of Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. Citigroup Inc. reissued a “buy” rating on shares of Walgreens Boots Alliance in a research note on Monday, July 3rd. Finally, Guggenheim 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 given a hold rating and fourteen have issued a buy rating to the stock. Walgreens Boots Alliance has a consensus rating of “Buy” and a consensus price target of $91.31.

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In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the completion of the sale, the director now directly owns 19,151 shares in the company, valued at approximately $1,528,058.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.50% of the stock is currently 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).

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

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