Tompkins Financial Corp reduced its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 21.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,683 shares of the pharmacy operator’s stock after selling 449 shares during the quarter. Tompkins Financial Corp’s holdings in Walgreens Boots Alliance were worth $92,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of WBA. Roman Butler Fullerton & Co. lifted its position in Walgreens Boots Alliance by 28.8% in the 1st quarter. Roman Butler Fullerton & Co. now owns 22,127 shares of the pharmacy operator’s stock valued at $1,400,000 after purchasing an additional 4,942 shares during the last quarter. Newman Dignan & Sheerar Inc. lifted its position in Walgreens Boots Alliance by 22.9% in the 1st quarter. Newman Dignan & Sheerar Inc. now owns 4,616 shares of the pharmacy operator’s stock valued at $292,000 after purchasing an additional 861 shares during the last quarter. Truvestments Capital LLC bought a new stake in Walgreens Boots Alliance in the 1st quarter valued at about $312,000. Trust Investment Advisors lifted its position in Walgreens Boots Alliance by 4.5% in the 1st quarter. Trust Investment Advisors now owns 9,260 shares of the pharmacy operator’s stock valued at $586,000 after purchasing an additional 400 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Walgreens Boots Alliance by 47.7% in the 1st quarter. Meeder Asset Management Inc. now owns 54,851 shares of the pharmacy operator’s stock valued at $3,471,000 after purchasing an additional 17,717 shares during the last quarter. Institutional investors own 62.19% of the company’s stock.

Several analysts recently weighed in on WBA shares. SunTrust Banks lifted their price objective on shares of Walgreens Boots Alliance to $58.00 and gave the company a “hold” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of in a research report on Friday, June 28th. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Citigroup boosted their price target on shares of J2 Global from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Cowen restated a “buy” rating and set a $77.00 price target on shares of Centene in a research report on Sunday, March 31st. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $63.82.

Shares of WBA stock traded down $0.03 during midday trading on Monday, reaching $55.02. 120,655 shares of the company were exchanged, compared to its average volume of 4,070,963. Walgreens Boots Alliance Inc has a 12 month low of $49.31 and a 12 month high of $86.31. The stock has a market capitalization of $49.72 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.38 and a beta of 0.82. The business has a 50 day simple moving average of $54.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.37 and a current ratio of 0.76.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The company had revenue of $34.59 billion for the quarter, compared to analysts’ expectations of $34.52 billion. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 22.08%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. Equities research analysts predict that Walgreens Boots Alliance Inc will post 5.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th will be paid a $0.458 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.83 annualized dividend and a dividend yield of 3.33%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. Walgreens Boots Alliance’s payout ratio is currently 29.24%.

In other news, CAO Marco Patrick Anthony Pagni sold 20,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the transaction, the chief accounting officer now owns 435,811 shares of the company’s stock, valued at approximately $23,119,773.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.73% of the company’s stock.

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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Further Reading: Cash Flow Analysis in Stock Selection

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

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