Walgreens Boots Alliance Inc (WBA) is Gibraltar Capital Management Inc.’s 2nd Largest Position

Gibraltar Capital Management Inc. cut its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 107,326 shares of the pharmacy operator’s stock after selling 2,220 shares during the quarter. Walgreens Boots Alliance makes up about 7.8% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Gibraltar Capital Management Inc.’s holdings in Walgreens Boots Alliance were worth $7,334,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WBA. Northside Capital Management LLC increased its position in shares of Walgreens Boots Alliance by 2.3% during the fourth quarter. Northside Capital Management LLC now owns 8,335 shares of the pharmacy operator’s stock worth $570,000 after purchasing an additional 184 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of Walgreens Boots Alliance by 102.4% during the third quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock worth $31,000 after purchasing an additional 214 shares in the last quarter. RB Capital Management LLC increased its position in shares of Walgreens Boots Alliance by 7.0% during the fourth quarter. RB Capital Management LLC now owns 4,733 shares of the pharmacy operator’s stock worth $323,000 after purchasing an additional 311 shares in the last quarter. Townsend & Associates Inc increased its position in shares of Walgreens Boots Alliance by 1.6% during the fourth quarter. Townsend & Associates Inc now owns 32,228 shares of the pharmacy operator’s stock worth $2,202,000 after purchasing an additional 519 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Walgreens Boots Alliance by 0.6% during the fourth quarter. Moody National Bank Trust Division now owns 90,878 shares of the pharmacy operator’s stock worth $6,209,000 after purchasing an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 62.95% of the company’s stock.

Shares of WBA stock opened at $72.43 on Friday. The stock has a market capitalization of $67.93 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.13 and a beta of 0.99. Walgreens Boots Alliance Inc has a 52-week low of $59.07 and a 52-week high of $86.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.80.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.03. The firm had revenue of $33.79 billion for the quarter, compared to analysts’ expectations of $33.90 billion. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. As a group, equities research analysts forecast that Walgreens Boots Alliance Inc will post 6.52 EPS for the current fiscal year.

In other Walgreens Boots Alliance news, EVP Kathleen Wilson-Thompson sold 52,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $78.77, for a total transaction of $4,096,040.00. Following the transaction, the executive vice president now owns 81,076 shares in the company, valued at approximately $6,386,356.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $79.48, for a total value of $217,457.28. Following the transaction, the director now owns 8,207 shares in the company, valued at approximately $652,292.36. The disclosure for this sale can be found here. Insiders sold a total of 73,756 shares of company stock worth $5,824,194 in the last 90 days. 15.73% of the stock is currently owned by insiders.

WBA has been the topic of a number of research analyst reports. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday, September 25th. BidaskClub upgraded Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 28th. Royal Bank of Canada set a $82.00 target price on Walgreens Boots Alliance and gave the stock an “outperform” rating in a research report on Monday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on Walgreens Boots Alliance from $83.00 to $91.00 and gave the stock an “overweight” rating in a research report on Monday, October 8th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $78.83.

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Walgreens Boots Alliance 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.

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

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