Canada Pension Plan Investment Board Lowers stake in Walgreens Boots Alliance Inc (WBA)

Walgreens Boots Alliance Inc (WBA) : Canada Pension Plan Investment Board reduced its stake in Walgreens Boots Alliance Inc by 6.1% during the most recent quarter end. The investment management company now holds a total of 6,259,100 shares of Walgreens Boots Alliance Inc which is valued at $521,508,212 after selling 406,530 shares in Walgreens Boots Alliance Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Walgreens Boots Alliance Inc makes up approximately 2.00% of Canada Pension Plan Investment Board’s portfolio.

Other Hedge Funds, Including , Analytic Investors sold out all of its stake in WBA during the most recent quarter. The investment firm sold 5,200 shares of WBA which is valued $433,264.Blackrock Advisors boosted its stake in WBA in the latest quarter, The investment management firm added 1,844,347 additional shares and now holds a total of 3,411,300 shares of Walgreens Boots Alliance Inc which is valued at $284,229,516. Walgreens Boots Alliance Inc makes up approx 0.30% of Blackrock Advisors’s portfolio.Eagleclaw Capital Managment boosted its stake in WBA in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 17,750 shares of Walgreens Boots Alliance Inc which is valued at $1,471,653. Walgreens Boots Alliance Inc makes up approx 0.94% of Eagleclaw Capital Managment’s portfolio.Markston International boosted its stake in WBA in the latest quarter, The investment management firm added 8,703 additional shares and now holds a total of 197,648 shares of Walgreens Boots Alliance Inc which is valued at $15,799,981. Walgreens Boots Alliance Inc makes up approx 1.43% of Markston International’s portfolio.

Walgreens Boots Alliance Inc closed down -0.36 points or -0.44% at $82.38 with 18,83,860 shares getting traded on Tuesday. Post opening the session at $83, the shares hit an intraday low of $82.27 and an intraday high of $83.07 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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