Gladstone Capital Management Llp Exits Position in Walgreens Boots Alliance Inc (WBA)

Walgreens Boots Alliance Inc (WBA) : Gladstone Capital Management Llp has sold out all of its stake in Walgreens Boots Alliance Inc during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 3,000 shares of Walgreens Boots Alliance Inc which is valued at $248,730.

Other Hedge Funds, Including , Global X Management Co boosted its stake in WBA in the latest quarter, The investment management firm added 1,050 additional shares and now holds a total of 2,285 shares of Walgreens Boots Alliance Inc which is valued at $189,449. Walgreens Boots Alliance Inc makes up approx 0.01% of Global X Management Co’s portfolio. Timber Hill added WBA to its portfolio by purchasing 27,885 company shares during the most recent quarter which is valued at $2,245,579. Walgreens Boots Alliance Inc makes up approx 0.18% of Timber Hill’s portfolio.Shelton Capital Management boosted its stake in WBA in the latest quarter, The investment management firm added 6,220 additional shares and now holds a total of 103,535 shares of Walgreens Boots Alliance Inc which is valued at $8,241,386. Walgreens Boots Alliance Inc makes up approx 0.72% of Shelton Capital Management’s portfolio.Moody Lynn Lieberson reduced its stake in WBA by selling 18,610 shares or 15.98% in the most recent quarter. The Hedge Fund company now holds 97,816 shares of WBA which is valued at $7,751,918. Walgreens Boots Alliance Inc makes up approx 1.35% of Moody Lynn Lieberson’s portfolio.

Walgreens Boots Alliance Inc closed down -0.28 points or -0.34% at $82.52 with 38,44,406 shares getting traded on Wednesday. Post opening the session at $82.58, the shares hit an intraday low of $81.73 and an intraday high of $82.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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