First Trust Advisors LP Grows Position in Walgreens Boots Alliance Inc (WBA)

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Hudock Capital Group LLC now owns 1,306 shares of the pharmacy operator's stock valued at $102,000 after purchasing an additional 6 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Walgreens Boots Alliance by 471.4% in the 2nd quarter. For the quarter ending Feb-18, 18 analysts have a mean sales target of 32,214.10 million whilst for the year ending Aug-18, 21 analysts have a mean target of 129,885.00 million. Deutsche Bank assumed coverage on shares of Walgreens Boots Alliance in a research note on Monday, December 4th. The NASDAQ listed company saw a recent bid of $23.45 and 4383534 shares have traded hands in the session.

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. Accern also assigned headlines about the pharmacy operator an impact score of 45.9157853199944 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. Birinyi Associates Inc. now owns 9,100 shares of the pharmacy operator's stock valued at $713,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company's stock.

WBA traded at an unexpectedly low level on 01/03/2018 when the stock experienced a 0.75% gain to a closing price of $75.51. State Street Corp is the second biggest holder with 38 million shares now valued at 2.96 B million whilst Wellington Management Company LLP has 38 million shares valued at 2.93 B million. In the past 13-year record, this ratio went down as low as 0.41 and as high as 1.32. During the same period in the previous year, the business posted $1.07 earnings per share. Walgreens Boots Alliance has a twelve month low of $63.82 and a twelve month high of $88.00. Zacks Investment Management boosted its position in shares of Walgreens Boots Alliance by 0.3% in the third quarter.

At the same time, Walgreens' net sales increased 7.9 percent to $30.7 billion. During the same period in the prior year, the business posted $1.07 earnings per share. equities research analysts forecast that Walgreens Boots Alliance Inc will post 5.54 EPS for the current year. Shares of the company dropped 6.3% after the announcement. Cibc World Markets Corp now owns 374,075 shares of the pharmacy operator's stock valued at $31,067,000 after acquiring an additional 30,341 shares in the last quarter.

ATR value of the company was 1.40 and Relative Strength Index (RSI) was 66.21.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. WBA attains analyst recommendation of 2.20 with week's performance of -1.73%.

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On 10/25/2017 announced a quarterly dividend of $0.40 2.31% with an ex dividend date of 11/10/2017 which will be payable on 11/13/2017. Over time, the acquisition could produce $300 million in annual cost-saving synergies for Walgreens Boots Alliance.

In other Walgreens Boots Alliance news, Director John Anthony Lederer purchased 20,000 shares of the stock in a transaction dated Thursday, October 26th. The 43132 consensus earnings estimates for the company have stabilized at US$1.5 per share. The disclosure for this sale can be found here.

Walgreens supports the UN's Sustainable Development Goals (SDGs) and is "committed to aligning its activities to support all 17 of the SDGs, which include goals to end poverty, take action on climate change, improve access to health and education, build strong institutions and more", the company says. Walgreens Boots Alliance had 47 analyst reports since August 24, 2015 according to SRatingsIntel. Jefferies Group set a $93.00 price objective on shares of Walgreens Boots Alliance and gave the company a "buy" rating in a research report on Sunday, October 29th. Robert W. Baird reaffirmed an "outperform" rating on shares of Walgreens Boots Alliance in a research note on Tuesday, January 24th. They issued a "hold" rating and a $78.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Guardian Life Insurance Co. of America grew its stake in Walgreens Boots Alliance by 0.7% in the first quarter. Walgreens Boots Alliance earned a coverage optimism score of 0.16 on Accern's scale. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of USA and global copyright & trademark legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/01/03/first-trust-advisors-lp-has-52-42-million-holdings-in-walgreens-boots-alliance-inc-wba.html.

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