Tabor Asset Management LP Makes New Investment in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Tabor Asset Management LP bought a new position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 168,400 shares of the pharmacy operator's stock, valued at approximately $1,881,000.

Several other institutional investors also recently bought and sold shares of WBA. Colonial Trust Co SC grew its stake in shares of Walgreens Boots Alliance by 79.5% in the 4th 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 purchased a new stake in shares of Walgreens Boots Alliance during the 1st quarter valued at about $27,000. Curat Global LLC purchased a new stake in shares of Walgreens Boots Alliance during the 1st quarter valued at about $27,000. Central Pacific Bank Trust Division raised its position in shares of 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. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of Walgreens Boots Alliance by 133.6% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 6,100 shares of the pharmacy operator's stock worth $57,000 after purchasing an additional 3,489 shares during the period. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WBA has been the topic of a number of research analyst reports. UBS Group restated a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Morgan Stanley restated an "underweight" 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 issued a "hold" rating on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Walgreens Boots Alliance presently has a consensus rating of "Hold" and an average target price of $10.59.

Walgreens Boots Alliance Stock Down 0.1%

NASDAQ WBA traded down $0.02 on Monday, hitting $11.48. 203,109 shares of the stock were exchanged, compared to its average volume of 18,749,903. The company has a quick ratio of 0.32, a current ratio of 0.60 and a debt-to-equity ratio of 0.96. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $13.25. The company has a market cap of $9.93 billion, a PE ratio of -1.57, a PEG ratio of 1.35 and a beta of 0.78. The company has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.05.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last released 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. Walgreens Boots Alliance had a negative net margin of 4.07% and a positive return on equity of 17.66%. The firm had revenue of $38.99 billion during the quarter, compared to the consensus estimate of $36.72 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. Walgreens Boots Alliance's revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Stefano Pessina acquired 832,258 shares of the business's stock in a transaction on Sunday, April 27th. The stock was bought at an average price of $11.01 per share, for a total transaction of $9,163,160.58. Following the transaction, the chairman owned 145,621,079 shares in the company, valued at $1,603,288,079.79. This represents a 0.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 17.50% of the company's stock.

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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