Vigilant Capital Management LLC Sells 600 Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA)

Vigilant Capital Management LLC lowered its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 18.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,686 shares of the pharmacy operator’s stock after selling 600 shares during the period. Vigilant Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $96,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Walgreens Boots Alliance by 4.0% in the 2nd quarter. BlackRock Inc. now owns 52,284,581 shares of the pharmacy operator’s stock worth $2,216,344,000 after buying an additional 1,994,116 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Walgreens Boots Alliance by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,377,295 shares of the pharmacy operator’s stock valued at $312,724,000 after purchasing an additional 217,272 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Walgreens Boots Alliance by 7.6% during the 1st quarter. Morgan Stanley now owns 5,198,566 shares of the pharmacy operator’s stock valued at $237,834,000 after purchasing an additional 366,197 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Walgreens Boots Alliance by 36.3% during the 2nd quarter. Nordea Investment Management AB now owns 5,156,826 shares of the pharmacy operator’s stock valued at $216,226,000 after purchasing an additional 1,372,685 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Walgreens Boots Alliance by 20.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,303,184 shares of the pharmacy operator’s stock valued at $182,412,000 after purchasing an additional 736,130 shares during the last quarter. 55.96% of the stock is owned by institutional investors.

Shares of NASDAQ:WBA opened at $37.41 on Friday. The firm has a market cap of $32.42 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 1.35 and a beta of 0.43. The firm’s 50 day simple moving average is $36.42 and its 200-day simple moving average is $40.52. Walgreens Boots Alliance Inc has a one year low of $33.88 and a one year high of $64.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.33 and a current ratio of 0.69.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, October 15th. The pharmacy operator reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The business had revenue of $34.75 billion for the quarter, compared to analyst estimates of $34.36 billion. Walgreens Boots Alliance had a net margin of 0.55% and a return on equity of 19.43%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. Equities research analysts predict that Walgreens Boots Alliance Inc will post 4.68 EPS for the current fiscal year.

WBA has been the subject of several research reports. Mizuho dropped their price objective on shares of Walgreens Boots Alliance from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, September 11th. Goldman Sachs Group dropped their price objective on shares of Walgreens Boots Alliance from $37.00 to $33.00 and set a “sell” rating for the company in a report on Tuesday, October 6th. Royal Bank of Canada lowered their price target on shares of Walgreens Boots Alliance from $45.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, September 2nd. Raymond James reaffirmed a “hold” rating on shares of Walgreens Boots Alliance in a report on Monday, September 7th. Finally, Citigroup lowered their price target on shares of Walgreens Boots Alliance from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Friday. Five research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.19.

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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

Further Reading: What does a market perform rating mean?

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

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