Partner Fund Management buys $88,826,108 stake in Walgreens Boots Alliance Inc (WBA)

Walgreens Boots Alliance Inc (WBA) : Partner Fund Management scooped up 254,238 additional shares in Walgreens Boots Alliance Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,086,425 shares of Walgreens Boots Alliance Inc which is valued at $88,826,108.Walgreens Boots Alliance Inc makes up approximately 3.02% of Partner Fund Management’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in WBA in the latest quarter, The investment management firm added 25,299 additional shares and now holds a total of 198,822 shares of Walgreens Boots Alliance Inc which is valued at $16,255,687. Walgreens Boots Alliance Inc makes up approx 0.15% of Raymond James Financial Services Advisors’s portfolio.Liberty Mutual Group Asset Management boosted its stake in WBA in the latest quarter, The investment management firm added 5,129 additional shares and now holds a total of 63,985 shares of Walgreens Boots Alliance Inc which is valued at $5,174,467. Walgreens Boots Alliance Inc makes up approx 0.19% of Liberty Mutual Group Asset Management’s portfolio. Sound Shore Management Inc Ct added WBA to its portfolio by purchasing 2,025,402 company shares during the most recent quarter which is valued at $164,968,993. Walgreens Boots Alliance Inc makes up approx 2.95% of Sound Shore Management Inc Ct’s portfolio.Greenleaf Trust boosted its stake in WBA in the latest quarter, The investment management firm added 195 additional shares and now holds a total of 5,607 shares of Walgreens Boots Alliance Inc which is valued at $437,795. Walgreens Boots Alliance Inc makes up approx 0.01% of Greenleaf Trust’s portfolio.

Walgreens Boots Alliance Inc closed down -0.72 points or -0.86% at $83.27 with 50,13,338 shares getting traded on Monday. Post opening the session at $83.53, the shares hit an intraday low of $82.56 and an intraday high of $83.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Walgreens Boots Alliance Inc reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.99. The company had revenue of $28636.00 million for the quarter, compared to analysts expectations of $29058.42 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Many Wall Street Analysts have commented on Walgreens Boots Alliance Inc. Walgreens Boots Alliance Inc was Initiated by Wells Fargo to “Outperform” on Oct 31, 2016. Shares were Reiterated by Deutsche Bank on Oct 20, 2016 to “Buy” and Lowered the Price Target to $ 88 from a previous price target of $94 .Walgreens Boots Alliance Inc was Upgraded by Jefferies to ” Buy” on Oct 17, 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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