6.30% to Target, SunTrust Robinson Reiterates “Hold” Rating for Walgreens Boots Alliance (WBA) Stock; Kayne Anderson Rudnick Investment Management Has Increased Its Watsco (WSO) Stake

April 17, 2018 - By Vivian Park

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Logo

Walgreens Boots Alliance (NASDAQ:WBA) had its stock rating noted as “Hold” by analysts at SunTrust Robinson. SunTrust Robinson currently has a $70.0000 target price per share on the $65.30B market cap company or 6.30% upside potential. This was revealed to clients and investors in an analyst note on 17 April.

Kayne Anderson Rudnick Investment Management Llc increased Watsco Inc (WSO) stake by 35.95% reported in 2017Q4 SEC filing. Kayne Anderson Rudnick Investment Management Llc acquired 111,155 shares as Watsco Inc (WSO)’s stock rose 4.26%. The Kayne Anderson Rudnick Investment Management Llc holds 420,315 shares with $71.47 million value, up from 309,160 last quarter. Watsco Inc now has $6.47B valuation. The stock increased 1.02% or $1.9 during the last trading session, reaching $188.53. About 117,806 shares traded. Watsco, Inc. (NYSE:WSO) has risen 22.42% since April 17, 2017 and is uptrending. It has outperformed by 10.87% the S&P500.

Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. The company has market cap of $65.30 billion. It operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. It has a 16.51 P/E ratio. The Retail Pharmacy USA segment sells prescription drugs and an assortment of general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.

The stock decreased 0.56% or $0.37 during the last trading session, reaching $65.85. About 3.73M shares traded. Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has declined 21.06% since April 17, 2017 and is downtrending. It has underperformed by 32.61% the S&P500.

Among 24 analysts covering Walgreens Boots Alliance (NASDAQ:WBA), 15 have Buy rating, 1 Sell and 8 Hold. Therefore 63% are positive. Walgreens Boots Alliance has $105 highest and $72.0 lowest target. $87.41’s average target is 32.74% above currents $65.85 stock price. Walgreens Boots Alliance had 58 analyst reports since August 24, 2015 according to SRatingsIntel. Robert W. Baird initiated it with “Outperform” rating and $96 target in Friday, January 22 report. The stock of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) earned “Equal-Weight” rating by Barclays Capital on Thursday, March 10. Needham maintained it with “Buy” rating and $94.0 target in Friday, September 8 report. The rating was maintained by Needham with “Buy” on Tuesday, November 21. The company was maintained on Friday, October 27 by Jefferies. The stock of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has “Buy” rating given on Thursday, August 24 by Loop Capital Markets. The rating was maintained by Citigroup on Thursday, November 2 with “Buy”. The rating was initiated by UBS on Thursday, October 6 with “Buy”. The firm has “Buy” rating by Jefferies given on Wednesday, June 21. The firm has “Outperform” rating by Cowen & Co given on Wednesday, September 9.

Analysts await Walgreens Boots Alliance, Inc. (NASDAQ:WBA) to report earnings on July, 5. They expect $1.49 earnings per share, up 12.03% or $0.16 from last year’s $1.33 per share. WBA’s profit will be $1.48B for 11.05 P/E if the $1.49 EPS becomes a reality. After $1.73 actual earnings per share reported by Walgreens Boots Alliance, Inc. for the previous quarter, Wall Street now forecasts -13.87% negative EPS growth.

Investors sentiment increased to 1.86 in 2017 Q4. Its up 0.28, from 1.58 in 2017Q3. It is positive, as 19 investors sold WSO shares while 73 reduced holdings. 62 funds opened positions while 109 raised stakes. 29.17 million shares or 2.20% more from 28.54 million shares in 2017Q3 were reported. Voloridge Inv Ltd, Florida-based fund reported 3,596 shares. Royal Bank Of Canada owns 0% invested in Watsco, Inc. (NYSE:WSO) for 41,921 shares. Washington Tru accumulated 174,276 shares. Comerica Bank & Trust holds 25,007 shares or 0.03% of its portfolio. Farmers Merchants Invests owns 73 shares or 0% of their US portfolio. Barclays Public Ltd, United Kingdom-based fund reported 7,276 shares. Moreover, Geode Cap Management Limited Liability Corp has 0.01% invested in Watsco, Inc. (NYSE:WSO). Mutual Of America Capital Mngmt Limited Liability holds 0.07% or 25,288 shares in its portfolio. Cadence Cap Management Ltd Com stated it has 0.04% of its portfolio in Watsco, Inc. (NYSE:WSO). Cambridge Inv Rech Advsr Inc reported 0.01% of its portfolio in Watsco, Inc. (NYSE:WSO). Dearborn Prtnrs Ltd Company has invested 0.04% in Watsco, Inc. (NYSE:WSO). Peak6 Invests Lp invested 0% of its portfolio in Watsco, Inc. (NYSE:WSO). Franklin Res accumulated 1,738 shares. Columbia Wanger Asset Management Limited Co accumulated 0.43% or 168,496 shares. Perkins Coie reported 340 shares stake.

Among 11 analysts covering Watsco (NYSE:WSO), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Watsco had 37 analyst reports since September 11, 2015 according to SRatingsIntel. As per Thursday, August 31, the company rating was maintained by Robert W. Baird. Barclays Capital maintained it with “Underweight” rating and $111 target in Monday, April 18 report. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, July 25 report. As per Monday, September 25, the company rating was maintained by Morgan Stanley. Stifel Nicolaus maintained the shares of WSO in report on Wednesday, February 15 with “Buy” rating. Susquehanna maintained Watsco, Inc. (NYSE:WSO) rating on Friday, January 12. Susquehanna has “Buy” rating and $207.0 target. The stock has “Buy” rating by Stifel Nicolaus on Friday, June 23. The stock of Watsco, Inc. (NYSE:WSO) earned “Accumulate” rating by Seaport Global on Thursday, April 21. JP Morgan maintained the stock with “Neutral” rating in Monday, February 12 report. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, April 21 report.

Kayne Anderson Rudnick Investment Management Llc decreased Middleby Corp (NASDAQ:MIDD) stake by 6,249 shares to 11,369 valued at $1.54M in 2017Q4. It also reduced Patterson Companies (NASDAQ:PDCO) stake by 155,947 shares and now owns 1.47 million shares. 3M Company (NYSE:MMM) was reduced too.

Watsco, Inc. (NYSE:WSO) Institutional Positions Chart

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