Walgreens Boots Alliance Inc (WBA) Holdings Lifted by Bank of Montreal Can

Bank of Montreal Can grew its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,941,036 shares of the pharmacy operator’s stock after buying an additional 288,921 shares during the quarter. Bank of Montreal Can’s holdings in Walgreens Boots Alliance were worth $141,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WBA. Massachusetts Financial Services Co. MA acquired a new stake in shares of Walgreens Boots Alliance during the second quarter worth approximately $199,228,000. LSV Asset Management boosted its holdings in shares of Walgreens Boots Alliance by 17.2% during the second quarter. LSV Asset Management now owns 8,704,233 shares of the pharmacy operator’s stock worth $522,384,000 after purchasing an additional 1,277,546 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Walgreens Boots Alliance by 11.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,110,617 shares of the pharmacy operator’s stock worth $666,804,000 after purchasing an additional 1,143,819 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of Walgreens Boots Alliance by 16.0% during the second quarter. Burgundy Asset Management Ltd. now owns 7,161,408 shares of the pharmacy operator’s stock worth $429,792,000 after purchasing an additional 986,275 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Walgreens Boots Alliance by 862.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,040,549 shares of the pharmacy operator’s stock worth $62,449,000 after purchasing an additional 932,386 shares during the period. Institutional investors own 61.92% of the company’s stock.

Several equities analysts recently weighed in on WBA shares. Loop Capital raised their price objective on shares of Walgreens Boots Alliance from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. SunTrust Banks raised their price objective on shares of Walgreens Boots Alliance to $75.00 and gave the company a “hold” rating in a research report on Friday. ValuEngine raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Finally, Cowen lowered shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 price objective on the stock. in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $76.94.

NASDAQ:WBA opened at $73.50 on Friday. Walgreens Boots Alliance Inc has a 12 month low of $59.07 and a 12 month high of $80.68. The company has a market capitalization of $72.35 billion, a PE ratio of 14.41, a PEG ratio of 1.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.47 and a current ratio of 0.93.

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

In other news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $65.99, for a total value of $180,548.64. Following the transaction, the director now owns 10,943 shares of the company’s stock, valued at $722,128.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stefano Pessina purchased 1,697,438 shares of the company’s stock in a transaction dated Monday, July 16th. The stock was purchased at an average cost of $63.92 per share, for a total transaction of $108,500,236.96. The disclosure for this purchase can be found here. Company insiders own 14.80% of the company’s stock.

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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