Alta Capital Management LLC Has $22.02 Million Holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Alta Capital Management LLC cut its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 398,083 shares of the pharmacy operator’s stock after selling 41,215 shares during the quarter. Alta Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $22,017,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WBA. NEXT Financial Group Inc raised its position in 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 valued at $145,000 after purchasing an additional 580 shares during the last quarter. First National Bank of South Miami raised its position in Walgreens Boots Alliance by 3.0% in the second 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 last quarter. Synovus Financial Corp raised its position in Walgreens Boots Alliance by 3.6% in the second 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 last quarter. H D Vest Advisory Services bought a new position in Walgreens Boots Alliance in the second quarter valued at about $236,000. Finally, Cornerstone Advisors Inc. raised its position in Walgreens Boots Alliance by 131.6% in the second 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 last quarter. 59.76% of the stock is currently owned by institutional investors and hedge funds.

WBA has been the subject of several research reports. Deutsche Bank initiated coverage on Walgreens Boots Alliance in a research report on Thursday, September 12th. They issued a “sell” rating for the company. Royal Bank of Canada downgraded Walgreens Boots Alliance to a “hold” rating and set a $59.00 target price for the company. in a research report on Friday, September 27th. Bank of America dropped their target price on Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, October 3rd. Cleveland Research reiterated a “hold” rating on shares of Walgreens Boots Alliance in a research report on Monday, September 9th. Finally, Morgan Stanley dropped their target price on Walgreens Boots Alliance from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $62.24.

Shares of WBA opened at $55.32 on Wednesday. Walgreens Boots Alliance Inc has a 1 year low of $49.03 and a 1 year high of $86.31. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.37. The company has a market capitalization of $49.94 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. The business has a 50-day moving average of $54.10 and a 200-day moving average of $53.31.

In other news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 357,851 shares in the company, valued at $18,064,318.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.73% of the stock is owned by company 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 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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