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Bayforest Capital Ltd Sells 27,461 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Walgreens Boots Alliance logo with Retail/Wholesale background

Key Points

  • Bayforest Capital Ltd drastically reduced its holdings in Walgreens Boots Alliance by 92.3%, selling 27,461 shares during the first quarter, leaving it with only 2,304 shares valued at $26,000.
  • Several institutional investors have also adjusted their positions in Walgreens, with First Trust Advisors LP purchasing a new stake valued at approximately $368,000 and Concurrent Investment Advisors LLC increasing its holdings by 28.2%.
  • Walgreens reported an earnings per share (EPS) of $0.38 for the quarter, beating the consensus estimate, with revenue rising by 7.2% year-over-year to $38.99 billion.
  • Interested in Walgreens Boots Alliance? Here are five stocks we like better.

Bayforest Capital Ltd decreased its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 92.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,304 shares of the pharmacy operator's stock after selling 27,461 shares during the period. Bayforest Capital Ltd's holdings in Walgreens Boots Alliance were worth $26,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $368,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Walgreens Boots Alliance by 6.0% in 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 last quarter. Concurrent Investment Advisors LLC boosted its holdings in Walgreens Boots Alliance by 28.2% in 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 last quarter. Teacher Retirement System of Texas purchased a new stake in Walgreens Boots Alliance in the first quarter worth approximately $1,199,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Walgreens Boots Alliance by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 42,332 shares of the pharmacy operator's stock worth $472,000 after purchasing an additional 1,341 shares during the last quarter. Hedge funds and other institutional investors own 58.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WBA shares. Morgan Stanley reiterated an "underweight" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. UBS Group reiterated a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Finally, Wall Street Zen started coverage on shares of Walgreens Boots Alliance in a research note on Wednesday, May 21st. They set a "hold" rating on the stock. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $10.59.

Read Our Latest Report on WBA

Walgreens Boots Alliance Price Performance

Shares of WBA stock opened at $11.64 on Monday. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of -1.60, a PEG ratio of 1.37 and a beta of 0.80. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $13.25. The company's fifty day moving average price is $11.43 and its 200-day moving average price is $11.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.32.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The pharmacy operator reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $38.99 billion for the quarter, compared to the consensus estimate of $36.72 billion. Walgreens Boots Alliance had a negative net margin of 4.07% and a positive return on equity of 17.66%. The company's revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. Sell-side analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Walgreens Boots Alliance Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report).

Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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