Summit Asset Management buys $748,014 stake in Walgreens Boots Alliance Inc (WBA)

Walgreens Boots Alliance Inc (WBA) : Summit Asset Management scooped up 1 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 Aug 8, 2016. The investment management firm now holds a total of 9,022 shares of Walgreens Boots Alliance Inc which is valued at $748,014.Walgreens Boots Alliance Inc makes up approximately 0.33% of Summit Asset Management’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp boosted its stake in WBA in the latest quarter, The investment management firm added 12,372 additional shares and now holds a total of 142,207 shares of Walgreens Boots Alliance Inc which is valued at $11,790,382. Walgreens Boots Alliance Inc makes up approx 0.40% of Mufg Americas Holdings Corp’s portfolio.Grimes Company reduced its stake in WBA by selling 3,784 shares or 37.33% in the most recent quarter. The Hedge Fund company now holds 6,353 shares of WBA which is valued at $507,859. Walgreens Boots Alliance Inc makes up approx 0.07% of Grimes Company’s portfolio.Capital Investment Advisors boosted its stake in WBA in the latest quarter, The investment management firm added 445 additional shares and now holds a total of 6,158 shares of Walgreens Boots Alliance Inc which is valued at $500,953. Walgreens Boots Alliance Inc makes up approx 0.05% of Capital Investment Advisors’s portfolio.Shikiar Asset Management Inc reduced its stake in WBA by selling 28,325 shares or 41.25% in the most recent quarter. The Hedge Fund company now holds 40,345 shares of WBA which is valued at $3,282,066. Walgreens Boots Alliance Inc makes up approx 1.40% of Shikiar Asset Management Inc’s portfolio.

Walgreens Boots Alliance Inc opened for trading at $83.3 and hit $83.8799 on the upside on Monday, eventually ending the session at $83.61, with a gain of 0.35% or 0.29 points. The heightened volatility saw the trading volume jump to 36,11,130 shares. Company has a market cap of $90,493 M.

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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