Premier Asset Management LLC Sells 2,625 Shares of Walgreens Boots Alliance Inc (WBA)

Premier Asset Management LLC decreased its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,630 shares of the pharmacy operator’s stock after selling 2,625 shares during the period. Walgreens Boots Alliance comprises approximately 2.6% of Premier Asset Management LLC’s holdings, making the stock its 13th largest holding. Premier Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $11,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Commonwealth Bank of Australia raised its holdings in shares of Walgreens Boots Alliance by 139.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 46,167 shares of the pharmacy operator’s stock worth $3,614,000 after buying an additional 26,893 shares in the last quarter. Andra AP fonden raised its holdings in shares of Walgreens Boots Alliance by 6.9% in the 3rd quarter. Andra AP fonden now owns 62,300 shares of the pharmacy operator’s stock worth $4,811,000 after buying an additional 4,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Walgreens Boots Alliance by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,019,739 shares of the pharmacy operator’s stock worth $236,476,000 after buying an additional 154,995 shares in the last quarter. Birinyi Associates Inc. raised its holdings in shares of Walgreens Boots Alliance by 9.0% in the 2nd quarter. Birinyi Associates Inc. now owns 9,100 shares of the pharmacy operator’s stock worth $713,000 after buying an additional 750 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Walgreens Boots Alliance by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,550,856 shares of the pharmacy operator’s stock worth $356,368,000 after buying an additional 223,186 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $67.37, for a total value of $184,324.32. Following the transaction, the director now directly owns 16,415 shares in the company, valued at approximately $1,105,878.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Anthony Lederer purchased 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, October 26th. The stock was bought at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at $3,350,000. The disclosure for this purchase can be found here. 14.80% of the stock is currently owned by company insiders.

Walgreens Boots Alliance Inc (WBA) opened at $75.38 on Friday. The company has a market capitalization of $74,600.00, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. Walgreens Boots Alliance Inc has a 12-month low of $63.82 and a 12-month high of $88.00.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion for the quarter, compared to analyst estimates of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. equities research analysts predict that Walgreens Boots Alliance Inc will post 5.59 earnings per share for the current fiscal year.

Walgreens Boots Alliance declared that its board has initiated a stock buyback program on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the pharmacy operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of brokerages have recently issued reports on WBA. Needham & Company LLC reissued a “buy” rating and issued a $88.00 target price (up from $86.00) on shares of Walgreens Boots Alliance in a report on Wednesday. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday. Loop Capital set a $90.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird restated an “outperform” rating and set a $80.00 price target (down from $90.00) on shares of Walgreens Boots Alliance in a research report on Thursday, October 19th. They noted that the move was a valuation call. Finally, Royal Bank of Canada started coverage on Walgreens Boots Alliance in a research report on Tuesday, September 19th. They set an “outperform” rating and a $96.00 price target on the stock. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Walgreens Boots Alliance has a consensus rating of “Buy” and an average target price of $86.15.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Markets Daily and is owned by of Markets Daily. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.themarketsdaily.com/2018/01/12/premier-asset-management-llc-sells-2625-shares-of-walgreens-boots-alliance-inc-wba.html.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance Inc (NASDAQ:WBA).

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

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply