Credit Agricole S A Sells 141,215 Shares of Walgreens Boots Alliance, Inc. $WBA

Key Points

• Credit Agricole S A reduced its holdings in Walgreens Boots Alliance by 33.2%, selling 141,215 shares during the 1st quarter, now owning 284,028 shares valued at $3.17 million.
• Walgreens Boots Alliance reported $0.38 earnings per share for the last quarter, exceeding expectations of $0.34, with revenue of $38.99 billion up 7.2% year-over-year.
• Analysts have mixed views on Walgreens Boots Alliance, with Morgan Stanley and UBS giving it a "neutral" rating and a consensus target price of $10.59.

Credit Agricole S A lowered its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 33.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 284,028 shares of the pharmacy operator's stock after selling 141,215 shares during the period. Credit Agricole S A's holdings in Walgreens Boots Alliance were worth $3,173,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently 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 approximately $27,000. Sentry Investment Management LLC acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter worth approximately $27,000. Colonial Trust Co SC grew its position in shares of Walgreens Boots Alliance by 79.5% during the 4th quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator's stock worth $27,000 after purchasing an additional 1,297 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Walgreens Boots Alliance by 135.8% during the 1st quarter. Federated Hermes Inc. now owns 3,152 shares of the pharmacy operator's stock worth $35,000 after purchasing 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 during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 58.59% of the company's stock.

Analyst Ratings Changes

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

Walgreens Boots Alliance Price Performance

NASDAQ:WBA remained flat at $11.98 on Friday. The firm has a market capitalization of $10.37 billion, a PE ratio of -1.64, a P/E/G ratio of 1.41 and a beta of 0.80. 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 business has a 50 day moving average of $11.68 and a 200 day moving average of $11.23. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $13.25.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued 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 business had revenue of $38.99 billion during 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 firm's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 EPS. As a group, sell-side analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.

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.