Comprehensive Portfolio Management LLC Acquires Shares of 2,940 Walgreens Boots Alliance Inc (WBA)

Comprehensive Portfolio Management LLC acquired a new stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,940 shares of the pharmacy operator’s stock, valued at approximately $214,000.

Other large investors also recently made changes to their positions in the company. Hugh Johnson Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 11.0% in the second quarter. Hugh Johnson Advisors LLC now owns 7,801 shares of the pharmacy operator’s stock worth $468,000 after acquiring an additional 773 shares during the period. World Asset Management Inc grew its holdings in shares of Walgreens Boots Alliance by 1.4% in the second quarter. World Asset Management Inc now owns 58,572 shares of the pharmacy operator’s stock worth $3,515,000 after acquiring an additional 807 shares during the period. BDO Wealth Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 11.1% in the second quarter. BDO Wealth Advisors LLC now owns 8,411 shares of the pharmacy operator’s stock worth $505,000 after acquiring an additional 837 shares during the period. Sumitomo Life Insurance Co. grew its holdings in shares of Walgreens Boots Alliance by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 19,814 shares of the pharmacy operator’s stock worth $1,189,000 after acquiring an additional 850 shares during the period. Finally, Buckley Wealth Management LLC grew its holdings in shares of Walgreens Boots Alliance by 10.4% in the second quarter. Buckley Wealth Management LLC now owns 9,015 shares of the pharmacy operator’s stock worth $541,000 after acquiring an additional 850 shares during the period. Institutional investors and hedge funds own 61.92% of the company’s stock.

In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 1,697,438 shares of the stock in a transaction dated Monday, July 16th. The shares were acquired at an average cost of $63.92 per share, for a total transaction of $108,500,236.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total value of $180,548.64. Following the completion of the transaction, the director now owns 10,943 shares in the company, valued at $722,128.57. The disclosure for this sale can be found here. Insiders own 14.80% of the company’s stock.

Several analysts recently commented on WBA shares. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Tuesday, September 25th. ValuEngine raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Robert W. Baird lifted their price objective on Walgreens Boots Alliance from $64.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, September 11th. Cowen lowered Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 price objective for the company. in a report on Monday, July 23rd. Finally, BidaskClub raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $76.94.

NASDAQ:WBA opened at $73.50 on Friday. Walgreens Boots Alliance Inc has a 52-week low of $59.07 and a 52-week high of $80.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.93 and a quick ratio of 0.47. The stock has a market cap of $72.35 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.11 and a beta of 1.04.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a return on equity of 21.22% and a net margin of 3.36%. The business had revenue of $33.44 billion during the quarter, compared to analyst estimates of $33.64 billion. Equities research analysts predict that Walgreens Boots Alliance Inc will post 5.98 EPS for the current year.

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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