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Candriam S.C.A. Sells 51,376 Shares of Walgreens Boots Alliance, Inc. $WBA

Walgreens Boots Alliance logo with Retail/Wholesale background

Key Points

  • Candriam S.C.A. has reduced its holdings in Walgreens Boots Alliance by 46.8%, selling 51,376 shares and now owning a total of 58,358 shares worth approximately $652,000.
  • Several other hedge funds have increased their positions in Walgreens Boots Alliance during the same period, with notable increases from Townsquare Capital LLC and Central Pacific Bank Trust Division.
  • Walgreens Boots Alliance recently reported earnings of $0.38 per share for the quarter, exceeding analyst estimates, with a revenue of $38.99 billion, up 7.2% from the previous year.
  • Looking to export and analyze Walgreens Boots Alliance data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Candriam S.C.A. lessened its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 46.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 58,358 shares of the pharmacy operator's stock after selling 51,376 shares during the period. Candriam S.C.A.'s holdings in Walgreens Boots Alliance were worth $652,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Curat Global LLC acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter worth about $27,000. Sentry Investment Management LLC acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter worth about $27,000. Colonial Trust Co SC lifted its position in shares of Walgreens Boots Alliance by 79.5% in the 4th quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator's stock worth $27,000 after acquiring an additional 1,297 shares during the period. Federated Hermes Inc. raised its holdings in shares of Walgreens Boots Alliance by 135.8% in the 1st quarter. Federated Hermes Inc. now owns 3,152 shares of the pharmacy operator's stock worth $35,000 after buying an additional 1,815 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Walgreens Boots Alliance in the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 58.59% of the company's stock.

Analysts Set New Price Targets

WBA has been the subject of a number of recent research reports. UBS Group reissued a "neutral" rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Morgan Stanley reissued an "underweight" rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Finally, Wall Street Zen assumed coverage on Walgreens Boots Alliance in a report on Wednesday, May 21st. They set a "hold" rating for the company. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $10.59.

View Our Latest Research Report on Walgreens Boots Alliance

Walgreens Boots Alliance Price Performance

WBA stock traded up $0.06 during midday trading on Wednesday, reaching $11.98. 451,967,457 shares of the company's stock traded hands, compared to its average volume of 13,959,288. The company has a 50-day simple moving average of $11.66 and a two-hundred day simple moving average of $11.21. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $13.25. The company has a market cap of $10.37 billion, a price-to-earnings ratio of -1.64, a PEG ratio of 1.40 and a beta of 0.80. The company has a quick ratio of 0.32, a current ratio of 0.60 and a debt-to-equity ratio of 0.96.

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 analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $38.99 billion for 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 period last year, the company earned $0.63 EPS. On average, analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current 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.

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

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