Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Walgreens Boots Alliance by 28.7%, owning 23.2 million shares valued at approximately $259.3 million after selling 9.4 million shares in the first quarter.
• Walgreens Boots Alliance reported a quarterly EPS of $0.38, exceeding estimates, with revenues of $38.99 billion, up 7.2% year-over-year.
• Analysts have given Walgreens Boots Alliance a consensus rating of "Hold" with an average price target of $10.59, reflecting mixed sentiments among various investment firms.

Invesco Ltd. cut its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 28.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,216,897 shares of the pharmacy operator's stock after selling 9,355,670 shares during the quarter. Invesco Ltd. owned 2.68% of Walgreens Boots Alliance worth $259,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Curat Global LLC acquired a new stake in shares of Walgreens Boots Alliance in the first quarter valued at $27,000. Sentry Investment Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the first quarter valued at $27,000. Colonial Trust Co SC grew 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 valued at $27,000 after buying an additional 1,297 shares in the last quarter. Federated Hermes Inc. grew its stake in 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 in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Walgreens Boots Alliance during the 1st quarter worth $43,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WBA has been the subject of several analyst reports. 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 note on Wednesday, May 21st. They set a "hold" rating for the company. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Walgreens Boots Alliance has a consensus rating of "Hold" and an average price target of $10.59.

Walgreens Boots Alliance Trading Up 0.1%

NASDAQ:WBA opened at $11.87 on Wednesday. The stock has a 50-day simple moving average of $11.51 and a 200-day simple moving average of $11.10. The stock has a market cap of $10.27 billion, a P/E ratio of -1.63, a P/E/G ratio of 1.39 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. 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 (NASDAQ:WBA - Get Free Report) last released 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 analysts' expectations 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 quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. As a group, analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

Walgreens Boots Alliance 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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