Will Walgreen’s Investigation By The DEA Scare These Top Institutional Shareholders?

Walgreen Co. (NYSE:WAG ) is being investigated about the diversion and abuse of prescription drugs as the United States Drug Enforcement Administration has served three pharmacies with show cause notices. It may be recalled that in September a Walgreens distribution center had their registration suspended by the DEA and a hearing on the matter is scheduled for January 7, 2013.

Will Walgreen Co.’s shareholders increase their holdings? They reported owning a total of 581.922 million shares on 09/30/2012. The shares closed at $36.14 on 09/30/2012.

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Here are the ten largest positions in Walgreen Co. at the end of September 30th, 2012.

Vanguard Group Inc. held 44,591,264 shares on 09/30/2012 worth $1,624,905,599. This brought the portfolio total to 0.21%.

State Street Corp. held 41,678,920 shares on 09/30/2012 worth $1,518,779,788. This brought the portfolio total to 0.22%.

Blackrock Institutional Trust Company N.A. held 24,089,312 shares on 09/30/2012 worth $877,814,496. This brought the portfolio total to 0.2%.

Wellington Management Co. LLP. held 18,014,146 shares on 09/30/2012 worth $656,435,456. This brought the portfolio total to 0.24%.

Franklin Resources Inc. held 15,509,803 shares on 09/30/2012 worth $565,177,200. This brought the portfolio total to 0.37%.

Massachusetts Financial Services Co. /Ma/ held 14,847,957 shares on 09/30/2012 worth $541,059,533. This brought the portfolio total to 0.45%.

FMR LLC. held 14,200,280 shares on 09/30/2012 worth $517,458,184. This brought the portfolio total to 0.09%.

J.P Morgan Chase & Co. held 13,684,547 shares on 09/30/2012 worth $498,664,874. This brought the portfolio total to 0.18%.

Northern Trust Corp. held 12,940,354 shares on 09/30/2012 worth $471,546,482. This brought the portfolio total to 0.2%.

Macquarie Group Ltd. held 10,163,768 shares on 09/30/2012 worth $370,367,692. This brought the portfolio total to 0.94%.

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