Teacher Retirement System of Texas lessened its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.8% in the 4th quarter, HoldingsChannel reports. The fund owned 710,116 shares of the pharmacy operator’s stock after selling 43,393 shares during the quarter. Teacher Retirement System of Texas’ holdings in Walgreens Boots Alliance were worth $51,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WBA. LSV Asset Management increased its holdings in Walgreens Boots Alliance by 38,624.0% in the 4th quarter. LSV Asset Management now owns 3,678,780 shares of the pharmacy operator’s stock worth $267,153,000 after acquiring an additional 3,669,280 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Walgreens Boots Alliance by 24.7% during the second 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Walgreens Boots Alliance by 471.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,295,583 shares of the pharmacy operator’s stock worth $258,077,000 after buying an additional 2,718,800 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Walgreens Boots Alliance by 2.8% during the second quarter. Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator’s stock worth $5,480,577,000 after buying an additional 1,926,108 shares in the last quarter. Finally, CI Global Investments Inc. grew its holdings in shares of Walgreens Boots Alliance by 32.0% during the fourth quarter. CI Global Investments Inc. now owns 7,373,589 shares of the pharmacy operator’s stock worth $535,470,000 after buying an additional 1,785,449 shares in the last quarter. 61.24% of the stock is owned by institutional investors.

In other news, insider Stefano Pessina purchased 98,858 shares of the stock in a transaction dated Monday, January 15th. The shares were purchased at an average price of $76.07 per share, with a total value of $7,520,128.06. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 14.80% of the company’s stock.

Walgreens Boots Alliance Inc (WBA) opened at $68.46 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48. The firm has a market cap of $67,820.00, a PE ratio of 18.91, a PEG ratio of 1.16 and a beta of 1.18. Walgreens Boots Alliance Inc has a 1 year low of $63.82 and a 1 year high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion for the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. analysts expect that Walgreens Boots Alliance Inc will post 5.71 earnings per share for the current year.

Walgreens Boots Alliance declared that its board has approved a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.34%. Walgreens Boots Alliance’s payout ratio is 44.20%.

WBA has been the subject of a number of research reports. SunTrust Banks set a $72.00 target price on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Sunday, October 15th. Zacks Investment Research lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 target price (down previously from $90.00) on shares of Walgreens Boots Alliance in a report on Thursday, October 19th. They noted that the move was a valuation call. Pivotal Research dropped their target price on shares of Walgreens Boots Alliance from $85.00 to $73.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. Finally, Mizuho set a $94.00 target price on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Tuesday, October 24th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $85.53.

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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).

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

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