First Hawaiian Bank increased its holdings in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 26.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,806 shares of the pharmacy operator’s stock after acquiring an additional 7,216 shares during the period. First Hawaiian Bank’s holdings in Walgreens Boots Alliance were worth $2,378,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Cornerstone Advisors Inc. boosted its holdings in Walgreens Boots Alliance by 102.4% in the 3rd quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock worth $31,000 after buying an additional 214 shares during the last quarter. Asset Dedication LLC boosted its holdings in Walgreens Boots Alliance by 204.6% in the 3rd quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock worth $115,000 after buying an additional 1,060 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in Walgreens Boots Alliance in the 2nd quarter worth about $103,000. Capital Advisors Ltd. LLC boosted its holdings in Walgreens Boots Alliance by 1,150.3% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 2,063 shares of the pharmacy operator’s stock worth $150,000 after buying an additional 1,898 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Walgreens Boots Alliance in the 3rd quarter worth about $154,000. Hedge funds and other institutional investors own 62.98% of the company’s stock.
Several equities research analysts recently issued reports on WBA shares. ValuEngine upgraded Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Zacks Investment Research upgraded Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Tuesday, September 25th. BidaskClub upgraded Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Friday, September 28th. Royal Bank of Canada set a $82.00 target price on Walgreens Boots Alliance and gave the stock an “outperform” rating in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on Walgreens Boots Alliance from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $79.35.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Thursday, December 20th. The pharmacy operator reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.03. The firm had revenue of $33.79 billion for the quarter, compared to analyst estimates of $33.90 billion. Walgreens Boots Alliance had a net margin of 3.96% and a return on equity of 22.17%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 EPS. Analysts forecast that Walgreens Boots Alliance Inc will post 6.52 earnings per share for the current year.
In other news, SVP Kimberly R. Scardino sold 11,970 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $79.79, for a total transaction of $955,086.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William C. Foote sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $79.48, for a total value of $217,457.28. Following the completion of the sale, the director now directly owns 8,207 shares in the company, valued at approximately $652,292.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,756 shares of company stock worth $5,824,194. Corporate insiders own 15.73% 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 retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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