Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Stock Holdings Increased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its position in Walgreens Boots Alliance by 6.3% during the first quarter, owning approximately 445,799 shares worth $4.98 million.
• Institutional investors and hedge funds currently own 58.59% of Walgreens Boots Alliance stock, with notable raises in holdings by firms such as Invesco Ltd. and Two Sigma Advisers LP.
• Walgreens reported a revenue of $38.99 billion for the recent quarter, exceeding analysts' expectations, along with an EPS of $0.38, beating the consensus estimate of $0.34.

TD Asset Management Inc increased its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 445,799 shares of the pharmacy operator's stock after acquiring an additional 26,290 shares during the period. TD Asset Management Inc owned approximately 0.05% of Walgreens Boots Alliance worth $4,980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at $58,241,000. Allstate Corp purchased a new position in Walgreens Boots Alliance during the fourth quarter worth about $202,000. O Shaughnessy Asset Management LLC lifted its position in Walgreens Boots Alliance by 31.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 56,554 shares of the pharmacy operator's stock worth $528,000 after buying an additional 13,592 shares during the period. Wellington Management Group LLP lifted its position in Walgreens Boots Alliance by 5.9% during the fourth quarter. Wellington Management Group LLP now owns 204,979 shares of the pharmacy operator's stock worth $1,912,000 after buying an additional 11,453 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Walgreens Boots Alliance by 35.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,275,221 shares of the pharmacy operator's stock worth $11,898,000 after buying an additional 334,235 shares during the period. Institutional investors and hedge funds own 58.59% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on WBA. UBS Group reiterated a "neutral" rating on shares of Walgreens Boots Alliance in a research report on Thursday, June 26th. Wall Street Zen assumed coverage on Walgreens Boots Alliance in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Finally, Morgan Stanley restated an "underweight" rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Four equities 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.59.

Walgreens Boots Alliance Stock Performance

Shares of WBA traded up $0.02 during mid-day trading on Monday, hitting $11.66. The stock had a trading volume of 7,754,882 shares, compared to its average volume of 5,760,515. The company has a market cap of $10.09 billion, a PE ratio of -1.60, a PEG ratio of 1.37 and a beta of 0.80. The company's fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $11.10. 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.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its 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 positive return on equity of 17.66% and a negative net margin of 4.07%. The business's revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. On average, equities analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current 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.