CIBC Private Wealth Group LLC lowered its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 6.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 256,393 shares of the pharmacy operator’s stock after selling 18,772 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Walgreens Boots Alliance were worth $15,389,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. LSV Asset Management grew its position in shares of Walgreens Boots Alliance by 101.9% in the 1st quarter. LSV Asset Management now owns 7,426,687 shares of the pharmacy operator’s stock worth $486,225,000 after buying an additional 3,747,907 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Walgreens Boots Alliance in the 2nd quarter worth approximately $199,228,000. FIL Ltd grew its position in shares of Walgreens Boots Alliance by 1,062.9% in the 1st quarter. FIL Ltd now owns 2,711,135 shares of the pharmacy operator’s stock worth $177,499,000 after buying an additional 2,478,006 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Walgreens Boots Alliance by 32.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,966,798 shares of the pharmacy operator’s stock worth $652,526,000 after buying an additional 2,419,053 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Walgreens Boots Alliance by 1,196.1% in the 1st quarter. American Century Companies Inc. now owns 1,660,860 shares of the pharmacy operator’s stock worth $108,737,000 after buying an additional 1,532,720 shares during the last quarter. Institutional investors and hedge funds own 61.08% of the company’s stock.

NASDAQ:WBA opened at $66.17 on Friday. The company has a market cap of $66.91 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.11 and a beta of 1.10. Walgreens Boots Alliance Inc has a twelve month low of $59.07 and a twelve month high of $83.89. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 0.44.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, June 28th. The pharmacy operator reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.06. The company had revenue of $34.33 billion for the quarter, compared to the consensus estimate of $34.15 billion. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. Walgreens Boots Alliance’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 EPS. equities research analysts expect that Walgreens Boots Alliance Inc will post 5.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Monday, August 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, August 17th. This is an increase from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. Walgreens Boots Alliance’s payout ratio is currently 31.37%.

In other Walgreens Boots Alliance news, COO Ornella Barra acquired 1,700,000 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was acquired at an average cost of $65.15 per share, for a total transaction of $110,755,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total transaction of $180,548.64. Following the sale, the director now owns 10,943 shares of the company’s stock, valued at $722,128.57. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by insiders.

A number of research analysts have recently issued reports on WBA shares. Mizuho set a $77.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Zacks Investment Research raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Tuesday, June 19th. Loop Capital lifted their price objective on shares of Walgreens Boots Alliance to $80.00 and gave the stock a “buy” rating in a research report on Friday, June 29th. BidaskClub raised shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Finally, Jefferies Financial Group downgraded shares of Walgreens Boots Alliance from a “buy” rating to a “hold” rating and cut their price objective for the stock from $85.00 to $65.00 in a research report on Friday, June 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $78.21.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

See Also: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance Inc (NASDAQ:WBA).

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

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.