Griffin Asset Management Inc. Has $7.34 Million Stake in Walgreens Boots Alliance Inc (WBA)

Griffin Asset Management Inc. lifted its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 10.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,032 shares of the pharmacy operator’s stock after purchasing an additional 9,090 shares during the period. Walgreens Boots Alliance accounts for 1.3% of Griffin Asset Management Inc.’s holdings, making the stock its 19th biggest position. Griffin Asset Management Inc.’s holdings in Walgreens Boots Alliance were worth $7,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Hudock Capital Group LLC increased its holdings in shares of Walgreens Boots Alliance by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator’s stock worth $102,000 after acquiring an additional 6 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Walgreens Boots Alliance by 10.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock worth $102,000 after acquiring an additional 125 shares during the last quarter. Zions Bancorporation increased its holdings in shares of Walgreens Boots Alliance by 983.3% during the 3rd quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock worth $105,000 after acquiring an additional 1,239 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Walgreens Boots Alliance by 46.3% during the 2nd quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock worth $135,000 after acquiring an additional 2,199 shares during the last quarter. Finally, Bristlecone Advisors LLC acquired a new position in shares of Walgreens Boots Alliance during the 3rd quarter worth approximately $135,000. Institutional investors own 61.18% of the company’s stock.

WBA has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $94.00 target price on shares of Walgreens Boots Alliance in a report on Saturday, September 16th. Jefferies Group reissued a “buy” rating and set a $95.00 target price on shares of Walgreens Boots Alliance in a report on Wednesday, September 20th. Mizuho set a $94.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and set a $88.00 target price on shares of Walgreens Boots Alliance in a report on Wednesday, October 25th. Finally, 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. Nine investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $86.15.

In other 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 transaction of $184,324.32. Following the sale, the director now directly owns 16,415 shares of the company’s stock, valued at approximately $1,105,878.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Anthony Lederer bought 20,000 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, October 26th. The shares were bought at an average cost of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the acquisition, the director now owns 50,000 shares in the company, valued at approximately $3,350,000. The disclosure for this purchase can be found here. Corporate insiders own 14.80% of the company’s stock.

Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) opened at $76.07 on Friday. The stock has a market capitalization of $75,340.00, a price-to-earnings ratio of 21.01, a PEG ratio of 1.29 and a beta of 1.22. Walgreens Boots Alliance Inc has a 1-year low of $63.82 and a 1-year high of $88.00. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. The company 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%. Walgreens Boots Alliance’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. research analysts anticipate that Walgreens Boots Alliance Inc will post 5.59 earnings per share for the current year.

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

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About Walgreens Boots Alliance

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).

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

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