Walgreens Boots Alliance Inc (WBA) Position Lifted by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 82.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,280 shares of the pharmacy operator’s stock after acquiring an additional 12,365 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Walgreens Boots Alliance were worth $1,989,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Comprehensive Portfolio Management LLC bought a new stake in shares of Walgreens Boots Alliance during the third quarter worth $214,000. Spearhead Capital Advisors LLC grew its stake in shares of Walgreens Boots Alliance by 1.9% during the third quarter. Spearhead Capital Advisors LLC now owns 48,516 shares of the pharmacy operator’s stock worth $3,597,000 after buying an additional 909 shares during the last quarter. Gofen & Glossberg LLC IL grew its stake in shares of Walgreens Boots Alliance by 2.6% during the third quarter. Gofen & Glossberg LLC IL now owns 105,948 shares of the pharmacy operator’s stock worth $7,724,000 after buying an additional 2,721 shares during the last quarter. LFA Lugano Financial Advisors SA grew its stake in shares of Walgreens Boots Alliance by 106.7% during the third quarter. LFA Lugano Financial Advisors SA now owns 2,925 shares of the pharmacy operator’s stock worth $213,000 after buying an additional 1,510 shares during the last quarter. Finally, Montecito Bank & Trust grew its stake in shares of Walgreens Boots Alliance by 12.8% during the third quarter. Montecito Bank & Trust now owns 12,488 shares of the pharmacy operator’s stock worth $910,000 after buying an additional 1,417 shares during the last quarter. 61.92% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on WBA. ValuEngine raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Friday. SunTrust Banks boosted their target price on shares of Walgreens Boots Alliance to $75.00 and gave the stock a “hold” rating in a research note on Friday. Loop Capital boosted their target price on shares of Walgreens Boots Alliance from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Walgreens Boots Alliance from $83.00 to $91.00 and gave the stock an “overweight” rating in a research note on Monday, October 8th. Finally, Royal Bank of Canada set a $82.00 target price on shares of Walgreens Boots Alliance and gave the stock an “outperform” rating in a research note on Monday, October 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $76.94.

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

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

In other news, insider Stefano Pessina bought 1,697,438 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The shares were acquired at an average price of $63.92 per share, for a total transaction of $108,500,236.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total transaction of $180,548.64. Following the completion of the transaction, the director now owns 10,943 shares in the company, valued at approximately $722,128.57. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by insiders.

About Walgreens Boots Alliance

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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