State of New Jersey Common Pension Fund D Has $2.90 Million Stock Holdings in Walgreens Boots Alliance, Inc. $WBA

Key Points

• The State of New Jersey Common Pension Fund D has reduced its holdings in Walgreens Boots Alliance, Inc. by 8.2%, owning 259,694 shares worth approximately $2.90 million after selling 23,244 shares in the first quarter.
• Walgreens Boots Alliance reported earnings of $0.38 per share for the latest quarter, exceeding the consensus estimate of $0.34, with revenue reaching $38.99 billion.
• The stock has a consensus rating of "Reduce" from analysts, with a price target of $10.59, indicating cautious sentiment towards its future performance.

State of New Jersey Common Pension Fund D decreased its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 259,694 shares of the pharmacy operator's stock after selling 23,244 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Walgreens Boots Alliance were worth $2,901,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WBA. Colonial Trust Co SC increased its stake 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 during the last quarter. Sentry Investment Management LLC acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter worth $27,000. Curat Global LLC acquired a new position in shares of Walgreens Boots Alliance during the 1st quarter worth $27,000. Federated Hermes Inc. increased its stake 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 during 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 $43,000. Institutional investors and hedge funds own 58.59% of the company's stock.

Walgreens Boots Alliance Price Performance

NASDAQ WBA opened at $12.20 on Thursday. 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 company has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $11.14. The company has a market cap of $10.56 billion, a P/E ratio of -1.67, a P/E/G ratio of 1.42 and a beta of 0.80. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $13.25.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The pharmacy operator reported $0.38 earnings per share (EPS) for the quarter, topping 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%. Walgreens Boots Alliance'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 EPS. On average, sell-side analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Morgan Stanley restated an "underweight" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. UBS Group restated a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Finally, Wall Street Zen assumed coverage on shares of Walgreens Boots Alliance in a research note on Wednesday, May 21st. They set a "hold" rating on the stock. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, Walgreens Boots Alliance presently has a consensus rating of "Reduce" and a consensus price target of $10.59.

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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