Winslow Evans & Crocker Inc. Acquires 700 Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA)

Winslow Evans & Crocker Inc. grew its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 92.6% during the 3rd quarter, Holdings Channel reports. The fund owned 1,456 shares of the pharmacy operator’s stock after buying an additional 700 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Walgreens Boots Alliance were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. NEXT Financial Group Inc raised its position in shares of Walgreens Boots Alliance by 27.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,663 shares of the pharmacy operator’s stock valued at $145,000 after purchasing an additional 580 shares during the period. First National Bank of South Miami raised its position in shares of 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 raised its position in shares of 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 bought a new stake in shares of Walgreens Boots Alliance during the 2nd quarter valued at $236,000. Finally, Cornerstone Advisors Inc. raised its position in shares of 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 59.76% of the company’s stock.

Shares of NASDAQ WBA traded down $0.51 during trading hours on Friday, hitting $55.41. 2,010,125 shares of the stock were exchanged, compared to its average volume of 4,444,331. The company has a quick ratio of 0.37, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The company has a market cap of $49.23 billion, a PE ratio of 9.20, a PEG ratio of 1.39 and a beta of 0.89. The firm has a fifty day moving average price of $53.65 and a 200-day moving average price of $53.43. Walgreens Boots Alliance Inc has a 12 month low of $49.03 and a 12 month high of $86.31.

Several equities analysts recently weighed in on the stock. Cleveland Research reaffirmed a “hold” rating on shares of Walgreens Boots Alliance in a research note on Monday, September 9th. Deutsche Bank started coverage on shares of Walgreens Boots Alliance in a research note on Thursday, September 12th. They set a “sell” rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, June 28th. BidaskClub raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, Bank of America dropped their price objective on shares of Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. Seven 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. The company presently has an average rating of “Hold” and a consensus price target of $62.24.

In related news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the completion of the transaction, the chief accounting officer now owns 357,851 shares in the company, valued at approximately $18,064,318.48. The transaction was disclosed in a document filed with the SEC, which is available at 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.

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

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