Sumitomo Mitsui Trust Holdings Inc. Has $225.42 Million Holdings in Walgreens Boots Alliance, Inc. (WBA)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,878,613 shares of the pharmacy operator’s stock after buying an additional 60,235 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.27% of Walgreens Boots Alliance worth $225,424,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WBA. Reilly Financial Advisors LLC lifted its position 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 worth $107,000 after buying an additional 100 shares during the last quarter. Orrstown Financial Services Inc. lifted its position in shares of Walgreens Boots Alliance by 14.1% in the second quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock worth $135,000 after buying an additional 213 shares during the last quarter. Private Vista LLC lifted its position in shares of Walgreens Boots Alliance by 6,403.7% in the second quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock worth $140,000 after buying an additional 574,218 shares during the last quarter. Founders Capital Management acquired a new stake in shares of Walgreens Boots Alliance in the first quarter worth about $161,000. Finally, Modera Wealth Management LLC lifted its position in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after buying an additional 9 shares during the last quarter. 60.14% of the stock is owned by institutional investors.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,528,058.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.50% of the company’s stock.

A number of brokerages have weighed in on WBA. Royal Bank Of Canada began coverage on Walgreens Boots Alliance in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $96.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. BidaskClub cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, September 7th. Finally, UBS AG reissued a “buy” rating and set a $96.00 price objective (down previously from $97.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.24.

ILLEGAL ACTIVITY WARNING: “Sumitomo Mitsui Trust Holdings Inc. Has $225.42 Million Holdings in Walgreens Boots Alliance, Inc. (WBA)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/20/sumitomo-mitsui-trust-holdings-inc-has-225-42-million-holdings-in-walgreens-boots-alliance-inc-wba.html.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 67.20 on Friday. Walgreens Boots Alliance, Inc. has a 52-week low of $67.11 and a 52-week high of $89.69. The company’s 50-day moving average price is $76.76 and its 200-day moving average price is $80.20. The company has a market capitalization of $71.91 billion, a price-to-earnings ratio of 16.97 and a beta of 1.25.

Walgreens Boots Alliance announced that its Board of Directors has authorized a stock repurchase program on Thursday, June 29th that allows the company to repurchas

Several other large investors also recently made changes to their positions in WBA. Reilly Financial Advisors LLC lifted its position 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 worth $107,000 after buying an additional 100 shares during the last quarter. Orrstown Financial Services Inc. lifted its position in shares of Walgreens Boots Alliance by 14.1% in the second quarter. Orrstown Financial Services Inc. now owns 1,728 shares of the pharmacy operator’s stock worth $135,000 after buying an additional 213 shares during the last quarter. Private Vista LLC lifted its position in shares of Walgreens Boots Alliance by 6,403.7% in the second quarter. Private Vista LLC now owns 583,185 shares of the pharmacy operator’s stock worth $140,000 after buying an additional 574,218 shares during the last quarter. Founders Capital Management acquired a new stake in shares of Walgreens Boots Alliance in the first quarter worth about $161,000. Finally, Modera Wealth Management LLC lifted its position in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Modera Wealth Management LLC now owns 2,451 shares of the pharmacy operator’s stock worth $204,000 after buying an additional 9 shares during the last quarter. 60.14% of the stock is owned by institutional investors.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,528,058.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.50% of the company’s stock.

A number of brokerages have weighed in on WBA. Royal Bank Of Canada began coverage on Walgreens Boots Alliance in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $96.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $94.00 price objective on shares of Walgreens Boots Alliance in a research report on Saturday, September 16th. BidaskClub cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a “buy” rating and set a $95.00 price objective on shares of Walgreens Boots Alliance in a research report on Thursday, September 7th. Finally, UBS AG reissued a “buy” rating and set a $96.00 price objective (down previously from $97.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.24.

ILLEGAL ACTIVITY WARNING: “Sumitomo Mitsui Trust Holdings Inc. Has $225.42 Million Holdings in Walgreens Boots Alliance, Inc. (WBA)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/20/sumitomo-mitsui-trust-holdings-inc-has-225-42-million-holdings-in-walgreens-boots-alliance-inc-wba.html.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ WBA) opened at 67.20 on Friday. Walgreens Boots Alliance, Inc. has a 52-week low of $67.11 and a 52-week high of $89.69. The company’s 50-day moving average price is $76.76 and its 200-day moving average price is $80.20. The company has a market capitalization of $71.91 billion, a price-to-earnings ratio of 16.97 and a beta of 1.25.

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

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).

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

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