Gibraltar Capital Management Inc. Lowers Stock Holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Gibraltar Capital Management Inc. decreased its position in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 8.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,385 shares of the pharmacy operator’s stock after selling 5,983 shares during the period. Walgreens Boots Alliance makes up approximately 2.8% of Gibraltar Capital Management Inc.’s holdings, making the stock its 18th largest holding. Gibraltar Capital Management Inc.’s holdings in Walgreens Boots Alliance were worth $3,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBA. NEXT Financial Group Inc increased its holdings in shares of Walgreens Boots Alliance by 27.8% in the second quarter. NEXT Financial Group Inc now owns 2,663 shares of the pharmacy operator’s stock worth $145,000 after buying an additional 580 shares during the period. First National Bank of South Miami increased its holdings in Walgreens Boots Alliance by 3.0% during the 2nd quarter. First National Bank of South Miami now owns 10,386 shares of the pharmacy operator’s stock valued at $566,000 after purchasing an additional 303 shares during the period. Synovus Financial Corp increased its holdings in Walgreens Boots Alliance by 3.6% during the 2nd quarter. Synovus Financial Corp now owns 16,177 shares of the pharmacy operator’s stock valued at $883,000 after purchasing an additional 555 shares during the period. H D Vest Advisory Services purchased a new position in Walgreens Boots Alliance during the 2nd quarter valued at about $236,000. Finally, Cornerstone Advisors Inc. increased its holdings in Walgreens Boots Alliance by 131.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 894 shares of the pharmacy operator’s stock valued at $49,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 59.69% of the company’s stock.

Walgreens Boots Alliance stock traded down $0.02 during trading hours on Wednesday, hitting $52.07. 2,986,034 shares of the stock traded hands, compared to its average volume of 5,751,543. The firm’s 50-day moving average price is $52.96 and its two-hundred day moving average price is $53.81. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 0.49. The company has a market cap of $47.04 billion, a PE ratio of 8.65, a PEG ratio of 1.35 and a beta of 0.89. Walgreens Boots Alliance Inc has a one year low of $49.03 and a one year high of $86.31.



A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Cleveland Research restated a “hold” rating on shares of Walgreens Boots Alliance in a report on Monday, September 9th. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Deutsche Bank assumed coverage on Walgreens Boots Alliance in a report on Thursday, September 12th. They set a “sell” rating on the stock. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Walgreens Boots Alliance has a consensus rating of “Hold” and an average price target of $62.24.

In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of Walgreens Boots Alliance stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the sale, the chief accounting officer now directly owns 357,851 shares of the company’s stock, valued at approximately $18,064,318.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 15.73% of the company’s stock.

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.

Recommended Story: Institutional Investors

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

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