Moody National Bank Trust Division Raises Stock Position in Walgreens Boots Alliance Inc (NASDAQ:WBA)

Moody National Bank Trust Division increased its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,029 shares of the pharmacy operator’s stock after purchasing an additional 761 shares during the quarter. Moody National Bank Trust Division’s holdings in Walgreens Boots Alliance were worth $5,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WBA. Nuveen Asset Management LLC raised its position in Walgreens Boots Alliance by 216.5% in the second quarter. Nuveen Asset Management LLC now owns 2,281,316 shares of the pharmacy operator’s stock worth $124,720,000 after acquiring an additional 1,560,622 shares during the period. Morgan Stanley raised its position in Walgreens Boots Alliance by 36.2% in the second quarter. Morgan Stanley now owns 4,913,030 shares of the pharmacy operator’s stock worth $268,595,000 after acquiring an additional 1,304,949 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in Walgreens Boots Alliance by 11.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,837,465 shares of the pharmacy operator’s stock worth $647,154,000 after acquiring an additional 1,169,600 shares during the period. Assenagon Asset Management S.A. raised its position in Walgreens Boots Alliance by 1,518.3% in the third quarter. Assenagon Asset Management S.A. now owns 611,724 shares of the pharmacy operator’s stock worth $33,834,000 after acquiring an additional 573,924 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Walgreens Boots Alliance by 23.4% in the second quarter. Parametric Portfolio Associates LLC now owns 2,893,195 shares of the pharmacy operator’s stock worth $158,171,000 after acquiring an additional 549,575 shares during the period. Institutional investors and hedge funds own 59.76% of the company’s stock.

Shares of WBA stock opened at $55.30 on Friday. The company has a market capitalization of $50.52 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 1.43 and a beta of 0.89. Walgreens Boots Alliance Inc has a one year low of $49.03 and a one year high of $86.31. The company’s fifty day moving average price is $53.76 and its 200-day moving average price is $53.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.37.

Several research analysts have weighed in on WBA shares. Deutsche Bank started coverage on shares of Walgreens Boots Alliance in a research report on Thursday, September 12th. They issued a “sell” rating on the stock. ValuEngine upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. decreased their price target on shares of Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, June 28th. Finally, Bank of America decreased their price target on shares of Walgreens Boots Alliance from $51.00 to $50.00 and set an “underperform” rating on the stock in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $62.24.

In other news, CAO Marco Patrick Anthony Pagni sold 215,323 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $50.48, for a total transaction of $10,869,505.04. Following the sale, the chief accounting officer now directly owns 357,851 shares in the company, valued at approximately $18,064,318.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.73% of the stock is owned by company insiders.

About Walgreens Boots Alliance

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 retail products, including health, beauty, personal care, consumable, and general merchandise products 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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