Latest Stocks: BB&T Corp Has $20.77 Million Position in Walgreens Boots Alliance Inc (WBA)

Latest Stocks: BB&T Corp Has $20.77 Million Position in Walgreens Boots Alliance Inc (WBA)

BB&T Corp raised its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,014 shares of the pharmacy operator’s stock after buying an additional 2,631 shares during the period. BB&T Corp’s holdings in Walgreens Boots Alliance were worth $20,765,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WBA. Hudock Capital Group LLC boosted its stake in shares of Walgreens Boots Alliance by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,300 shares of the pharmacy operator’s stock worth $108,000 after buying an additional 5 shares during the period. Mascoma Wealth Management LLC purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth approximately $111,000. Howe & Rusling Inc. boosted its stake in shares of Walgreens Boots Alliance by 209.2% in the first quarter. Howe & Rusling Inc. now owns 1,441 shares of the pharmacy operator’s stock worth $120,000 after buying an additional 975 shares during the period. Orrstown Financial Services Inc. boosted its stake in shares of Walgreens Boots Alliance by 13.9% in the first quarter. Orrstown Financial Services Inc. now owns 1,515 shares of the pharmacy operator’s stock worth $126,000 after buying an additional 185 shares during the period. Finally, Parasol Investment Management LLC boosted its stake in shares of Walgreens Boots Alliance by 3.5% in the third quarter. Parasol Investment Management LLC now owns 1,787 shares of the pharmacy operator’s stock worth $144,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 59.98% of the company’s stock.

Shares of Walgreens Boots Alliance Inc (WBA) opened at 83.38 on Tuesday. Walgreens Boots Alliance Inc has a one year low of $76.26 and a one year high of $88.00. The company has a market capitalization of $90.13 billion, a price-to-earnings ratio of 21.43 and a beta of 1.20. The company’s 50-day moving average price is $83.79 and its 200-day moving average price is $83.97.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Wednesday, April 5th. The pharmacy operator reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. Walgreens Boots Alliance had a return on equity of 16.76% and a net margin of 3.52%. The business had revenue of $29.45 billion for the quarter, compared to the consensus estimate of $30.17 billion. During the same period last year, the business posted $1.31 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts predict that Walgreens Boots Alliance Inc will post $4.97 earnings per share for the current year.

Several research analysts recently issued reports on WBA shares. Jefferies Group LLC cut their target price on Walgreens Boots Alliance from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 31st. Leerink Swann set a $90.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a research report on Tuesday, April 11th. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price on shares of Walgreens Boots Alliance in a research report on Thursday, April 6th. Pivotal Research started coverage on Walgreens Boots Alliance in a research report on Tuesday, April 4th. They set a “hold” rating and a $85.00 target price on the stock. Finally, Barclays PLC set a $79.00 target price on Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Saturday, April 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $90.62. In other Walgreens Boots Alliance news, Director William C. Foote sold 2,736 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $85.89, for a total transaction of $234,995.04. Following the sale, the director now directly owns 21,887 shares in the company, valued at approximately $1,879,874.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 13.50% of the company’s stock.

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