Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Holdings in Walgreens Boots Alliance, Inc. $WBA

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Walgreens Boots Alliance by 27.3% in the first quarter, selling 36,200 shares and now holding a total of 96,464 shares valued at approximately $1,078,000.
• Walgreens Boots Alliance reported a quarterly earnings per share of $0.38, exceeding analysts' expectations of $0.34, with revenue reaching $38.99 billion, a 7.2% increase compared to the previous year.
• Analysts have given Walgreens Boots Alliance a consensus rating of "Hold", with several firms reaffirming ratings ranging from "sell" to "neutral," indicating cautious sentiment among market experts.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 27.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,464 shares of the pharmacy operator's stock after selling 36,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Walgreens Boots Alliance were worth $1,078,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Curat Global LLC acquired a new stake in Walgreens Boots Alliance during the 1st quarter worth $27,000. Sentry Investment Management LLC acquired a new stake in Walgreens Boots Alliance during the 1st quarter worth $27,000. Colonial Trust Co SC boosted its stake in 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 during the period. Federated Hermes Inc. boosted its holdings in shares of Walgreens Boots Alliance by 135.8% in the first quarter. Federated Hermes Inc. now owns 3,152 shares of the pharmacy operator's stock valued at $35,000 after acquiring an additional 1,815 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Walgreens Boots Alliance in the first quarter valued at about $43,000. Institutional investors and hedge funds own 58.59% of the company's stock.

Walgreens Boots Alliance Stock Performance

Shares of WBA opened at $11.96 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.32 and a debt-to-equity ratio of 0.96. The stock has a market cap of $10.35 billion, a P/E ratio of -1.64, a PEG ratio of 1.41 and a beta of 0.80. The company has a 50-day moving average of $11.56 and a two-hundred day moving average of $11.12. 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 announced its earnings results on Thursday, June 26th. The pharmacy operator reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $38.99 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen assumed coverage on shares of Walgreens Boots Alliance in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.59.

Walgreens Boots Alliance 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.

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