State Board of Administration of Florida Retirement System raised its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,246,723 shares of the pharmacy operator’s stock after purchasing an additional 9,670 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.12% of Walgreens Boots Alliance worth $97,631,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Boston Family Office LLC grew its stake in shares of Walgreens Boots Alliance by 2.0% in the 2nd quarter. Boston Family Office LLC now owns 25,945 shares of the pharmacy operator’s stock valued at $2,032,000 after purchasing an additional 500 shares during the last quarter. Investment Management of Virginia LLC grew its stake in shares of Walgreens Boots Alliance by 5.0% in the 2nd quarter. Investment Management of Virginia LLC now owns 25,691 shares of the pharmacy operator’s stock valued at $2,012,000 after purchasing an additional 1,231 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Walgreens Boots Alliance by 39.9% in the 2nd quarter. Annex Advisory Services LLC now owns 6,213 shares of the pharmacy operator’s stock valued at $487,000 after purchasing an additional 1,772 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Walgreens Boots Alliance in the 2nd quarter valued at approximately $1,110,000. Finally, BB&T Securities LLC grew its stake in shares of Walgreens Boots Alliance by 13.0% in the 2nd quarter. BB&T Securities LLC now owns 82,918 shares of the pharmacy operator’s stock valued at $6,494,000 after purchasing an additional 9,528 shares during the last quarter. Institutional investors own 60.14% of the company’s stock.

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

Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 67.31 on Tuesday. The stock has a market capitalization of $72.03 billion, a P/E ratio of 17.00 and a beta of 1.25. Walgreens Boots Alliance, Inc. has a 52-week low of $67.21 and a 52-week high of $89.69. The firm’s 50-day moving average price is $78.27 and its 200-day moving average price is $80.61.

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

Several brokerages have weighed in on WBA. Needham & Company LLC reiterated a “buy” rating and issued a $94.00 target price on shares of Walgreens Boots Alliance in a research note on Thursday, October 12th. Credit Suisse Group restated a “buy” rating and issued a $97.00 price target on shares of Walgreens Boots Alliance in a research note on Thursday, July 13th. UBS AG restated a “buy” rating and issued a $96.00 price target (down from $97.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, August 23rd. BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Leerink Swann set a $86.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $90.18.

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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