Walgreens Boots Alliance Inc (WBA) Shares Bought by Bank of Montreal Can

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Bank of Montreal Can lifted its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 17.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,941,036 shares of the pharmacy operator’s stock after acquiring an additional 288,921 shares during the period. Bank of Montreal Can owned approximately 0.20% of Walgreens Boots Alliance worth $141,502,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Walgreens Boots Alliance by 1.5% in the second quarter. BlackRock Inc. now owns 53,148,612 shares of the pharmacy operator’s stock worth $3,189,715,000 after acquiring an additional 771,307 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Walgreens Boots Alliance by 11.5% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,110,617 shares of the pharmacy operator’s stock valued at $666,804,000 after purchasing an additional 1,143,819 shares during the period. Northern Trust Corp boosted its stake in shares of Walgreens Boots Alliance by 1.9% in the second quarter. Northern Trust Corp now owns 11,102,159 shares of the pharmacy operator’s stock valued at $666,296,000 after purchasing an additional 208,235 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Walgreens Boots Alliance by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 10,875,615 shares of the pharmacy operator’s stock valued at $652,699,000 after purchasing an additional 320,484 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Walgreens Boots Alliance by 17.2% in the second quarter. LSV Asset Management now owns 8,704,233 shares of the pharmacy operator’s stock valued at $522,384,000 after purchasing an additional 1,277,546 shares during the period. 61.92% of the stock is owned by institutional investors.

WBA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, September 25th. ValuEngine upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Robert W. Baird upped their target price on shares of Walgreens Boots Alliance from $64.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, September 11th. Cowen downgraded shares of Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 target price for the company. in a research note on Monday, July 23rd. Finally, BidaskClub upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.94.

Shares of NASDAQ:WBA opened at $73.50 on Friday. The firm has a market cap of $72.35 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04. Walgreens Boots Alliance Inc has a 1-year low of $59.07 and a 1-year high of $80.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.47 and a current ratio of 0.93.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, October 11th. The pharmacy operator reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. Walgreens Boots Alliance had a net margin of 3.36% and a return on equity of 21.22%. The business had revenue of $33.44 billion for the quarter, compared to analysts’ expectations of $33.64 billion. As a group, equities research analysts anticipate that Walgreens Boots Alliance Inc will post 5.98 EPS for the current year.

In related news, insider Stefano Pessina bought 1,697,438 shares of the stock in a transaction on Monday, July 16th. The shares were purchased at an average price of $63.92 per share, with a total value of $108,500,236.96. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Ornella Barra bought 1,700,000 shares of the stock in a transaction on Monday, July 16th. The shares were bought at an average cost of $65.15 per share, for a total transaction of $110,755,000.00. The disclosure for this purchase can be found here. 14.80% of the stock is owned by company insiders.

Walgreens Boots Alliance Profile

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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods 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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