Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,400 shares of the pharmacy operator's stock after selling 29,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Walgreens Boots Alliance were worth $2,909,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC boosted its holdings in Walgreens Boots Alliance by 16.5% in the 4th quarter. Empowered Funds LLC now owns 26,084 shares of the pharmacy operator's stock valued at $243,000 after purchasing an additional 3,685 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 12.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 27,524 shares of the pharmacy operator's stock worth $257,000 after acquiring an additional 3,085 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 10.5% during the 4th quarter. Sanctuary Advisors LLC now owns 51,209 shares of the pharmacy operator's stock worth $478,000 after acquiring an additional 4,876 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Walgreens Boots Alliance in the 4th quarter valued at approximately $28,000. Finally, Alberta Investment Management Corp lifted its stake in Walgreens Boots Alliance by 23.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,557,100 shares of the pharmacy operator's stock valued at $14,528,000 after buying an additional 300,000 shares in the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WBA shares. Wolfe Research raised Walgreens Boots Alliance to a "hold" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a "hold" rating to a "sell" rating and cut their price target for the company from $11.00 to $9.00 in a report on Friday, February 28th. Finally, Wall Street Zen started coverage on Walgreens Boots Alliance in a report on Wednesday, May 21st. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Walgreens Boots Alliance presently has a consensus rating of "Hold" and an average price target of $10.59.

Insider Transactions at Walgreens Boots Alliance

In other Walgreens Boots Alliance news, Chairman Stefano Pessina acquired 832,258 shares of the company's stock in a transaction that occurred on Sunday, April 27th. The shares were purchased at an average price of $11.01 per share, for a total transaction of $9,163,160.58. Following the completion of the purchase, the chairman now directly owns 145,621,079 shares in the company, valued at $1,603,288,079.79. The trade was a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 17.50% of the company's stock.

Walgreens Boots Alliance Stock Performance

NASDAQ:WBA opened at $11.39 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.32. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $16.25. The firm has a 50-day moving average of $11.12 and a two-hundred day moving average of $10.71. The stock has a market cap of $9.86 billion, a P/E ratio of -1.70, a PEG ratio of 1.37 and a beta of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 EPS for the quarter, topping the consensus estimate of $0.53 by $0.10. Walgreens Boots Alliance had a negative net margin of 3.80% and a positive return on equity of 16.39%. The business had revenue of $38.59 billion for the quarter, compared to analysts' expectations of $37.90 billion. During the same quarter last year, the company posted $1.20 earnings per share. The company's quarterly revenue was up 4.1% compared to the same quarter last year. On average, research analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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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