Montag A Associates Inc Lowers stake in Walgreens Boots Alliance Inc (WBA)

Walgreens Boots Alliance Inc (WBA) : Montag A Associates Inc reduced its stake in Walgreens Boots Alliance Inc by 0.19% during the most recent quarter end. The investment management company now holds a total of 104,750 shares of Walgreens Boots Alliance Inc which is valued at $8,338,100 after selling 200 shares in Walgreens Boots Alliance Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Walgreens Boots Alliance Inc makes up approximately 1.07% of Montag A Associates Inc’s portfolio.

Other Hedge Funds, Including , Carnegie Capital Asset Management reduced its stake in WBA by selling 300 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 26,799 shares of WBA which is valued at $2,133,200. Walgreens Boots Alliance Inc makes up approx 0.30% of Carnegie Capital Asset Management’s portfolio. Rockefeller Financial Services Inc added WBA to its portfolio by purchasing 5,260 company shares during the most recent quarter which is valued at $427,901. Walgreens Boots Alliance Inc makes up approx 0.01% of Rockefeller Financial Services Inc’s portfolio.Handelsbanken Fonder Ab boosted its stake in WBA in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 123,571 shares of Walgreens Boots Alliance Inc which is valued at $10,229,207. Walgreens Boots Alliance Inc makes up approx 0.41% of Handelsbanken Fonder Ab’s portfolio.Northstar Group reduced its stake in WBA by selling 100 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 11,205 shares of WBA which is valued at $916,233. Walgreens Boots Alliance Inc makes up approx 0.67% of Northstar Group’s portfolio.

Walgreens Boots Alliance Inc opened for trading at $80.42 and hit $80.8 on the upside on Monday, eventually ending the session at $80.63, with a gain of 0.12% or 0.1 points. The heightened volatility saw the trading volume jump to 38,65,534 shares. Company has a market cap of $87,267 M.

On the company’s financial health, Walgreens Boots Alliance Inc reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 6, 2016. Analyst had a consensus of $1.14. The company had revenue of $29498.00 million for the quarter, compared to analysts expectations of $29719.29 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Walgreens Boots Alliance Inc. Shares were Reiterated by FBR Capital on Jul 7, 2016 to “Mkt Perform” and Lowered the Price Target to $ 85 from a previous price target of $90 .Walgreens Boots Alliance Inc was Resumed by BofA/Merrill to “Buy” on Jun 7, 2016.

Walgreens Boots Alliance Inc. (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led health and wellbeing enterprise. It operates through three segments: Retail Pharmacy USA which consists of the Walgreens business including the operation of retail drugstores and convenient care clinics in addition to providing specialty pharmacy services; Retail Pharmacy International which consists of the Alliance Boots pharmacy-led health and beauty stores optical practices and related contract manufacturing operations and Pharmaceutical Wholesale which consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. Its portfolio of retail and business brands includes Walgreens Duane Reade Boots and Alliance Healthcare as well as global health and beauty product brands including No7 Botanics and Soap & Glory. Walgreens Boots Alliance through its subsidiary Liz Earle Beauty Co. Ltd offers the Liz Earle skincare brand.

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