Duncker Streett & Co. Inc. Sells 300 Shares of Walgreens Boots Alliance, Inc. (WBA)

Duncker Streett & Co. Inc. reduced its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,670 shares of the pharmacy operator’s stock after selling 300 shares during the period. Duncker Streett & Co. Inc.’s holdings in Walgreens Boots Alliance were worth $2,089,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WBA. Reilly Financial Advisors LLC increased its stake in shares of Walgreens Boots Alliance by 7.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator’s stock valued at $107,000 after buying an additional 100 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock valued at $108,000 after buying an additional 5 shares in the last quarter. Tarbox Group Inc. increased its stake in shares of Walgreens Boots Alliance by 288.3% in the first quarter. Tarbox Group Inc. now owns 1,355 shares of the pharmacy operator’s stock valued at $113,000 after buying an additional 1,006 shares in the last quarter. Howe & Rusling Inc. increased its stake in shares of Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock valued at $120,000 after buying an additional 975 shares in the last quarter. Finally, Webster Bank N. A. increased its stake in shares of Walgreens Boots Alliance by 18.4% in the first quarter. Webster Bank N. A. now owns 1,509 shares of the pharmacy operator’s stock valued at $125,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 61.16% of the company’s stock.

Shares of Walgreens Boots Alliance, Inc. (WBA) traded up 0.21% during trading on Thursday, reaching $81.43. 1,492,107 shares of the company’s stock were exchanged. The company has a market capitalization of $87.14 billion, a PE ratio of 20.56 and a beta of 1.25. The company has a 50 day moving average price of $79.45 and a 200-day moving average price of $82.30. Walgreens Boots Alliance, Inc. has a 52-week low of $75.18 and a 52-week high of $89.69.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $30.12 billion for the quarter, compared to analysts’ expectations of $29.72 billion. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 earnings per share. On average, equities analysts forecast that Walgreens Boots Alliance, Inc. will post $5.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 18th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. Walgreens Boots Alliance’s payout ratio is presently 37.78%.

Walgreens Boots Alliance declared that its board has approved a share buyback plan on Thursday, June 29th that permits the company to repurchase $5.00 billion in outstanding 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 typically an indication that the company’s leadership believes its shares are undervalued.

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Several analysts have recently weighed in on the company. Needham & Company LLC assumed coverage on Walgreens Boots Alliance in a research note on Tuesday, June 27th. They set a “hold” rating for the company. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Leerink Swann set a $86.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. Credit Suisse Group restated a “buy” rating and set a $97.00 target price on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. Finally, Pivotal Research set a $85.00 target price on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Walgreens Boots Alliance currently has a consensus rating of “Buy” and an average target price of $90.69.

In related news, Director William C. Foote sold 2,736 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total value of $218,305.44. Following the sale, the director now owns 19,151 shares of the company’s stock, valued at $1,528,058.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.50% of the company’s stock.

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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