Today, Cobiz Investment Management LLC Raises it position for Walgreens Boots Alliance Inc. (WBA)

Today, Cobiz Investment Management LLC Raises it position for Walgreens Boots Alliance Inc. (WBA)
Cobiz Investment Management LLC boosted its stake in shares of Walgreens Boots Alliance Inc. (NASDAQ:WBA) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,423 shares of the pharmacy operator’s stock after buying an additional 25 shares during the period. Cobiz Investment Management LLC’s holdings in Walgreens Boots Alliance were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Gradient Investments LLC boosted its position in shares of Walgreens Boots Alliance by 16.2% in the third quarter. Gradient Investments LLC now owns 12,308 shares of the pharmacy operator’s stock valued at $992,000 after buying an additional 1,714 shares in the last quarter. Gibraltar Capital Management Inc. boosted its position in shares of Walgreens Boots Alliance by 8.0% in the third quarter. Gibraltar Capital Management Inc. now owns 45,219 shares of the pharmacy operator’s stock valued at $3,646,000 after buying an additional 3,354 shares in the last quarter. Founders Capital Management LLC boosted its position in shares of Walgreens Boots Alliance by 9.8% in the third quarter. Founders Capital Management LLC now owns 70,811 shares of the pharmacy operator’s stock valued at $5,709,000 after buying an additional 6,330 shares in the last quarter. Nadler Financial Group Inc. bought a new position in shares of Walgreens Boots Alliance during the third quarter valued at about $2,259,000. Finally, Oliver Luxxe Assets LLC boosted its position in shares of Walgreens Boots Alliance by 16.8% in the third quarter. Oliver Luxxe Assets LLC now owns 7,929 shares of the pharmacy operator’s stock valued at $639,000 after buying an additional 1,140 shares in the last quarter. 60.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Walgreens Boots Alliance Inc. (NASDAQ:WBA) traded up 0.45% during mid-day trading on Friday, hitting $84.43. 1,587,742 shares of the stock traded hands. The firm has a 50 day moving average of $81.28 and a 200 day moving average of $81.05. The stock has a market cap of $91.46 billion, a price-to-earnings ratio of 22.10 and a beta of 1.19. Walgreens Boots Alliance Inc. has a 12 month low of $71.50 and a 12 month high of $87.05.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Thursday, October 20th. The pharmacy operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. The company had revenue of $28.60 billion for the quarter, compared to the consensus estimate of $29.06 billion. Walgreens Boots Alliance had a net margin of 3.56% and a return on equity of 16.33%. Walgreens Boots Alliance’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, equities analysts expect that Walgreens Boots Alliance Inc. will post $5.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, November 15th. Walgreens Boots Alliance’s dividend payout ratio is presently 39.27%.

WBA has been the topic of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and issued a $94.00 price objective on shares of Walgreens Boots Alliance in a report on Friday, September 9th. Robert W. Baird restated an “outperform” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Saturday, September 10th. Barclays PLC set a $79.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Friday, October 21st. Jefferies Group set a $95.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Sunday, October 23rd. Finally, Leerink Swann restated an “outperform” rating and issued a $95.00 price objective on shares of Walgreens Boots Alliance in a report on Monday, September 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Walgreens Boots Alliance presently has an average rating of “Buy” and a consensus target price of $90.30.

In other Walgreens Boots Alliance news, Director William C. Foote sold 2,067 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $81.30, for a total transaction of $168,047.10. Following the sale, the director now owns 24,623 shares of the company’s stock, valued at approximately $2,001,849.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stefano Pessina bought 2,000,000 shares of the company’s stock in a transaction on Friday, November 4th. The shares were bought at an average cost of $81.41 per share, for a total transaction of $162,820,000.00. The disclosure for this purchase can be found here. Company insiders own 21.10% of the company’s stock.

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).

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