Walgreens Boots Alliance, Inc. $WBA Shares Sold by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. decreased its holdings in Walgreens Boots Alliance by 28.1%, now owning 66,210 shares worth approximately $740,000.
• Several institutional investors, including Colonial Trust Co SC and Federated Hermes Inc., have increased their positions in Walgreens Boots Alliance, indicating renewed interest in the stock.
• Walgreens Boots Alliance reported $0.38 EPS for the last quarter, surpassing analysts' estimates, and experienced a 7.2% growth in revenue compared to the same period last year.

Northwestern Mutual Wealth Management Co. trimmed its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,210 shares of the pharmacy operator's stock after selling 25,887 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Walgreens Boots Alliance were worth $740,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Colonial Trust Co SC boosted its stake in shares of Walgreens Boots Alliance by 79.5% in the fourth 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 last quarter. Sentry Investment Management LLC purchased a new position in Walgreens Boots Alliance in the 1st quarter valued at $27,000. Curat Global LLC acquired a new stake in Walgreens Boots Alliance during the 1st quarter worth $27,000. Federated Hermes Inc. grew its holdings in shares of Walgreens Boots Alliance by 135.8% during the first 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 purchased a new stake in shares of Walgreens Boots Alliance during the first quarter worth $43,000. Institutional investors and hedge funds own 58.59% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WBA. UBS Group reissued a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Morgan Stanley reissued an "underweight" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Finally, Wall Street Zen initiated coverage on Walgreens Boots Alliance in a research report on Wednesday, May 21st. They issued a "hold" rating for the company. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Walgreens Boots Alliance has an average rating of "Reduce" and an average target price of $10.15.

Walgreens Boots Alliance Price Performance

WBA remained flat at $11.98 during trading hours on Friday. The stock has a market cap of $10.37 billion, a P/E ratio of -1.64, a P/E/G ratio of 1.42 and a beta of 0.80. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $13.25. 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 business's 50 day simple moving average is $11.74 and its two-hundred day simple moving average is $11.31.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last announced its quarterly earnings results 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 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 company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. On average, research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share 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.