Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 849.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 240,300 shares of the pharmacy operator’s stock after purchasing an additional 215,000 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Walgreens Boots Alliance were worth $14,422,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WBA. Massachusetts Financial Services Co. MA bought a new position in Walgreens Boots Alliance in the 2nd quarter worth $199,228,000. FIL Ltd raised its holdings in Walgreens Boots Alliance by 1,062.9% during the first quarter. FIL Ltd now owns 2,711,135 shares of the pharmacy operator’s stock valued at $177,499,000 after acquiring an additional 2,478,006 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Walgreens Boots Alliance by 32.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,966,798 shares of the pharmacy operator’s stock valued at $652,526,000 after acquiring an additional 2,419,053 shares during the period. LSV Asset Management raised its holdings in Walgreens Boots Alliance by 17.2% during the second quarter. LSV Asset Management now owns 8,704,233 shares of the pharmacy operator’s stock valued at $522,384,000 after acquiring an additional 1,277,546 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in Walgreens Boots Alliance by 16.0% during the second quarter. Burgundy Asset Management Ltd. now owns 7,161,408 shares of the pharmacy operator’s stock valued at $429,792,000 after acquiring an additional 986,275 shares during the period. 61.98% of the stock is currently owned by institutional investors.

WBA has been the topic of a number of recent analyst reports. Cowen cut Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 price target on the stock. in a report on Monday, July 23rd. Leerink Swann decreased their price target on Walgreens Boots Alliance from $75.00 to $70.00 and set a “market perform” rating on the stock in a report on Wednesday, May 23rd. BidaskClub raised Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. ValuEngine cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Finally, Bank of America cut Walgreens Boots Alliance from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $73.00 to $60.00 in a report on Thursday, June 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $76.61.

In related news, COO Ornella Barra purchased 1,700,000 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The stock was bought at an average price of $65.15 per share, for a total transaction of $110,755,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stefano Pessina purchased 1,697,438 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The stock was bought at an average price of $63.92 per share, with a total value of $108,500,236.96. The disclosure for this purchase can be found here. Company insiders own 14.80% of the company’s stock.

Shares of Walgreens Boots Alliance stock opened at $70.48 on Friday. The stock has a market cap of $68.22 billion, a PE ratio of 13.82, a PEG ratio of 1.04 and a beta of 1.09. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 0.44. Walgreens Boots Alliance Inc has a twelve month low of $59.07 and a twelve month high of $83.74.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, June 28th. The pharmacy operator reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.06. The firm had revenue of $34.33 billion during the quarter, compared to analyst estimates of $34.15 billion. Walgreens Boots Alliance had a return on equity of 21.22% and a net margin of 3.36%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. analysts anticipate that Walgreens Boots Alliance Inc will post 5.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Monday, August 20th were given a dividend of $0.44 per share. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.50%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 34.51%.

Walgreens Boots Alliance Company Profile

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.

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

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