Guardian Investment Management Has $982,000 Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Guardian Investment Management maintained its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,546 shares of the pharmacy operator’s stock at the end of the second quarter. Guardian Investment Management’s holdings in Walgreens Boots Alliance were worth $982,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBA. Hudock Capital Group LLC boosted 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 during the last quarter. Tarbox Group Inc. boosted 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 during the last quarter. Reilly Financial Advisors LLC boosted 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 during the last quarter. Howe & Rusling Inc. boosted 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 during the last quarter. Finally, Webster Bank N. A. boosted 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 during the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Walgreens Boots Alliance, Inc. (NASDAQ WBA) traded up 1.22% during mid-day trading on Friday, hitting $80.72. The stock had a trading volume of 3,992,347 shares. Walgreens Boots Alliance, Inc. has a one year low of $75.18 and a one year high of $89.69. The company has a 50 day moving average price of $79.08 and a 200 day moving average price of $82.30. The stock has a market cap of $86.38 billion, a P/E ratio of 20.38 and a beta of 1.25.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, June 29th. The pharmacy operator reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. The firm had revenue of $30.12 billion for the quarter, compared to analyst estimates of $29.72 billion. Walgreens Boots Alliance had a net margin of 3.69% and a return on equity of 17.34%. Walgreens Boots Alliance’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share. On average, equities analysts anticipate that Walgreens Boots Alliance, Inc. will post $5.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 18th will be paid a dividend of $0.40 per share. This is a positive change from Walgreens Boots Alliance’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 16th. This represents a $1.60 annualized dividend and a yield of 1.98%. Walgreens Boots Alliance’s dividend payout ratio is 37.78%.

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

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Several analysts have recently issued reports on WBA shares. Needham & Company LLC upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Friday, June 30th. Pivotal Research set a $85.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research note on Sunday, July 2nd. Zacks Investment Research cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $77.00 price objective (down from $89.00) on shares of Walgreens Boots Alliance in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reduced their price objective on Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $90.69.

In related news, Director William C. Foote sold 2,736 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $79.79, for a total transaction of $218,305.44. Following the sale, the director now owns 19,151 shares in the company, valued at $1,528,058.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.50% of the stock is owned by corporate insiders.

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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