168,400 Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Bought by Tabor Asset Management LP

Tabor Asset Management LP bought a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 168,400 shares of the pharmacy operator's stock, valued at approximately $1,881,000.

Several other hedge funds and other institutional investors have also modified their holdings of WBA. Raymond James Financial Inc. acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $9,685,000. First Trust Advisors LP acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $368,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Walgreens Boots Alliance by 6.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,428 shares of the pharmacy operator's stock worth $978,000 after purchasing an additional 4,926 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Walgreens Boots Alliance by 28.2% during the first quarter. Concurrent Investment Advisors LLC now owns 13,924 shares of the pharmacy operator's stock worth $156,000 after purchasing an additional 3,064 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Walgreens Boots Alliance during the first quarter worth $1,199,000. Institutional investors own 58.59% of the company's stock.

Insider Buying and Selling

In related news, Chairman Stefano Pessina acquired 832,258 shares of the firm's stock in a transaction that occurred on Sunday, April 27th. The stock was bought at an average price of $11.01 per share, for a total transaction of $9,163,160.58. Following the acquisition, the chairman directly owned 145,621,079 shares of the company's stock, valued at $1,603,288,079.79. This represents a 0.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 17.50% of the company's stock.

Walgreens Boots Alliance Stock Performance

Shares of NASDAQ:WBA traded down $0.02 during midday trading on Monday, hitting $11.48. The company had a trading volume of 597,433 shares, compared to its average volume of 18,751,042. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.32. The company has a market cap of $9.93 billion, a price-to-earnings ratio of -1.57, a PEG ratio of 1.35 and a beta of 0.78. Walgreens Boots Alliance, Inc. has a 12-month low of $8.08 and a 12-month high of $13.25. The company has a fifty day moving average of $11.36 and a two-hundred day moving average of $11.05.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The pharmacy operator reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $38.99 billion during the quarter, compared to analyst estimates of $36.72 billion. Walgreens Boots Alliance had a positive return on equity of 17.66% and a negative net margin of 4.07%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities research analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WBA. Wall Street Zen began coverage on Walgreens Boots Alliance in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Morgan Stanley reissued an "underweight" rating on shares of Walgreens Boots Alliance in a research report on Thursday, June 26th. Finally, UBS Group restated a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Walgreens Boots Alliance has a consensus rating of "Hold" and an average target price of $10.59.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.