International Assets Investment Management LLC Sells 96,280 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

International Assets Investment Management LLC cut its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 85.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,663 shares of the pharmacy operator's stock after selling 96,280 shares during the period. International Assets Investment Management LLC's holdings in Walgreens Boots Alliance were worth $186,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Riverview Trust Co increased its holdings in shares of Walgreens Boots Alliance by 123.8% during the 4th quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator's stock worth $27,000 after purchasing an additional 1,590 shares during the period. Colonial Trust Co SC grew its position in Walgreens Boots Alliance by 79.5% during the fourth quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator's stock worth $27,000 after buying an additional 1,297 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Walgreens Boots Alliance during the first quarter worth about $27,000. Curat Global LLC bought a new position in Walgreens Boots Alliance during the first quarter valued at about $27,000. Finally, Private Trust Co. NA raised its holdings in Walgreens Boots Alliance by 35.5% in the 4th quarter. Private Trust Co. NA now owns 4,585 shares of the pharmacy operator's stock valued at $43,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.

Insider Buying and Selling

In other Walgreens Boots Alliance news, Chairman Stefano Pessina purchased 832,258 shares of the business's stock in a transaction that occurred on Sunday, April 27th. The stock was acquired at an average cost of $11.01 per share, with a total value of $9,163,160.58. Following the completion of the acquisition, the chairman now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WBA. Morgan Stanley restated an "underweight" rating on shares of Walgreens Boots Alliance in a research report on Thursday. UBS Group reiterated a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday. Finally, Wall Street Zen began coverage on shares of Walgreens Boots Alliance in a research note on Wednesday, May 21st. They issued a "hold" rating for the company. Four research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.59.

Walgreens Boots Alliance Stock Up 0.6%

WBA opened at $11.45 on Friday. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of -1.57, a PEG ratio of 1.36 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.61. The firm's 50-day simple moving average is $11.21 and its 200-day simple moving average is $10.83. Walgreens Boots Alliance, Inc. has a twelve month low of $8.08 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $38.99 billion for 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 16.39%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. Equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

About Walgreens Boots Alliance

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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