IPG Investment Advisors LLC Sells 740,789 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Key Points

• IPG Investment Advisors LLC reduced its holdings in Walgreens Boots Alliance by 62.1%, selling 740,789 shares, and now holds 451,800 shares, accounting for 1.1% of its portfolio.
• Walgreens Boots Alliance's stock has received a consensus rating of "Hold" from analysts, with four sell ratings, seven hold ratings, and two buy ratings.
• In its latest quarterly report, Walgreens Boots Alliance reported an EPS of $0.38, exceeding analyst expectations, with revenue rising 7.2% year-over-year to $38.99 billion.

IPG Investment Advisors LLC lessened its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 62.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451,800 shares of the pharmacy operator's stock after selling 740,789 shares during the quarter. Walgreens Boots Alliance accounts for 1.1% of IPG Investment Advisors LLC's portfolio, making the stock its 21st largest position. IPG Investment Advisors LLC owned about 0.05% of Walgreens Boots Alliance worth $5,047,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WBA. Central Pacific Bank Trust Division lifted its holdings in Walgreens Boots Alliance by 28.6% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,500 shares of the pharmacy operator's stock valued at $50,000 after buying an additional 1,000 shares in the last quarter. Twelve Points Wealth Management LLC lifted its holdings in Walgreens Boots Alliance by 4.5% during the 1st quarter. Twelve Points Wealth Management LLC now owns 27,837 shares of the pharmacy operator's stock valued at $311,000 after buying an additional 1,199 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Walgreens Boots Alliance by 19.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 7,524 shares of the pharmacy operator's stock valued at $84,000 after purchasing an additional 1,237 shares during the period. Howard Capital Management Inc. increased its position in Walgreens Boots Alliance by 3.9% during the 1st quarter. Howard Capital Management Inc. now owns 33,259 shares of the pharmacy operator's stock valued at $372,000 after purchasing an additional 1,239 shares during the period. Finally, DoubleLine ETF Adviser LP increased its position in Walgreens Boots Alliance by 3.0% during the 4th quarter. DoubleLine ETF Adviser LP now owns 43,562 shares of the pharmacy operator's stock valued at $406,000 after purchasing an additional 1,264 shares during the period. Institutional investors own 58.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group reaffirmed 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 research report on Thursday, June 26th. Finally, Wall Street Zen initiated coverage on shares of Walgreens Boots Alliance in a research report on Wednesday, May 21st. They issued a "hold" rating on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.59.

Walgreens Boots Alliance Price Performance

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

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The pharmacy operator reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $38.99 billion during the quarter, compared to analyst estimates of $36.72 billion. Walgreens Boots Alliance had a negative net margin of 4.07% and a positive return on equity of 17.66%. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. As a group, research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal 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.

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