Thornburg Investment Management Inc buys $268.6 Million stake in Walgreens Boots Alliance Inc (WBA)

Walgreens Boots Alliance Inc (WBA) : Thornburg Investment Management Inc scooped up 35,478 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 May 12, 2016. The investment management firm now holds a total of 3,417,464 shares of Walgreens Boots Alliance Inc which is valued at $268.6 Million.Walgreens Boots Alliance Inc makes up approximately 1.82% of Thornburg Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Denver Investment Advisors boosted its stake in WBA in the latest quarter, The investment management firm added 19,689 additional shares and now holds a total of 111,079 shares of Walgreens Boots Alliance Inc which is valued at $8.7 Million. Walgreens Boots Alliance Inc makes up approx 0.39% of Denver Investment Advisors’s portfolio.Howard Hughes Medical Institute reduced its stake in WBA by selling 10,472 shares or 19.17% in the most recent quarter. The Hedge Fund company now holds 44,142 shares of WBA which is valued at $3.5 Million. Walgreens Boots Alliance Inc makes up approx 0.78% of Howard Hughes Medical Institute’s portfolio.Markston International boosted its stake in WBA in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 188,945 shares of Walgreens Boots Alliance Inc which is valued at $15 Million. Walgreens Boots Alliance Inc makes up approx 1.42% of Markston International’s portfolio. Shanda Payment Holdings Ltd. sold out all of its stake in WBA during the most recent quarter. The investment firm sold 20,000 shares of WBA which is valued $1.6 Million.Legacy Capital Partners reduced its stake in WBA by selling 350 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 5,650 shares of WBA which is valued at $448,780. Walgreens Boots Alliance Inc makes up approx 0.29% of Legacy Capital Partners’s portfolio.

Walgreens Boots Alliance Inc opened for trading at $76.34 and hit $77.53 on the upside on Friday, eventually ending the session at $77.22, with a gain of 1.33% or 1.01 points. The heightened volatility saw the trading volume jump to 62,01,618 shares. Company has a market cap of $84,574,896 M.

On the company’s financial health, Walgreens Boots Alliance Inc reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 5, 2016. Analyst had a consensus of $1.28. The company had revenue of $30184.00 million for the quarter, compared to analysts expectations of $30666.29 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.

Many Wall Street Analysts have commented on Walgreens Boots Alliance Inc. Shares were Reiterated by Barclays on Mar 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 76 from a previous price target of $81 .Mizuho Upgraded Walgreens Boots Alliance Inc on Mar 1, 2016 to ” Buy”, Price Target of the shares are set at $90.

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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