Abbrea Capital LLC Sells 1879 Shares of Walgreens Boots Alliance, Inc. (WBA)

Covering sell-side analysts have recently weighed in on shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company.

On a similar note, analysts expect EPS of $1.22 in August 2017 quarter and $1.27 in November 2017 quarter, representing 14.02% and 15.45% growth, respectively. Webster Bank N.A. raised its position in shares of Walgreens Boots Alliance by 18.4% during the 1st quarter. Inside the closing six months period the stock's performance declined -15.52% while overall yearly performance lost -12.30%. Nwam LLC raised its position in shares of Walgreens Boots Alliance by 8.5% during the 1st quarter. Credit Agricole S A now owns 1,113,816 shares of the pharmacy operator's stock valued at $92,502,000 after buying an additional 248,165 shares during the period. Boosts Holdings in Walgreens Boots Alliance, Inc. The co's performance for 6 months was plunged of -14.11%, 1-year performance stands at -11.28% and year to date showing reduced performance of -14.37%. Finally, Sound Shore Management Inc. Sound Shore Management Inc.

The Stock has Weekly volatility of 3.02% and monthly volatility of 2.08%. Institutional investors and hedge funds own 60.16% of the company's stock.

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Support is likely to come between $22.48 a share to $22.22 a share level. Commerzbank Aktiengesellschaft FI raised its position in shares of Walgreens Boots Alliance by 42.0% during the 1st quarter. The firm earned "Market Perform" rating on Wednesday, September 27 by Raymond James. BidaskClub cut shares of Walgreens Boots Alliance from a "sell" rating to a "strong sell" rating in a research report on Saturday, June 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $95.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, July 3rd. 2 were sells. Insider ownership decreased by a total of 4561 shares, which suggests that WBA's key executives are feeling less optimistic about the outlook for the stock. (NASDAQ:WBA). At the time of writing, the First Call consensus price target for the company is $93.00.

In other news, Director William C. Foote sold 2,736 shares of the stock in a transaction that occurred on Tuesday, July 25th. We see here that the stock is -20.35% away from the 20-Day Simple Moving Average. Following the completion of the sale, the director now directly owns 19,151 shares of the company's stock, valued at $1,528,058.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TRADEMARK VIOLATION NOTICE: This article was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation. The correct version of this article can be accessed at https://stocknewstimes.com/2017/10/10/abbrea-capital-llc-sells-1879-shares-of-walgreens-boots-alliance-inc-wba.html. The average volume for RPC, Inc. (NASDAQ WBA) opened at 70.87 on Tuesday. (WBA) snatched the consideration from Investors, when its current damaging picture was seen that is promoting bad performance.

The most current P/E ratio is 17.61 and the market cap of the company is 74.62B. After keeping Technical check on movement of stock price comparison to its moving averages like 20, 50 and 200 SMA, we detected following trends of MTRX. This repurchase authorization allows the pharmacy operator to repurchase up to 5.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. Montecito Bank & Trust grew its stake in shares of Walgreens Boots Alliance by 3.6% in the 2nd quarter. The company was maintained on Wednesday, August 23 by UBS. Walgreens Boots Alliance's payout ratio is 40.30%. Walgreens Boots Alliance, Inc. declared a dividend for shareholders that was paid on Tue Sep 12, 2017. The Firm is a pharmacy-led health and wellbeing company. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

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