Wealthfront Advisers LLC lessened its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 46.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 746,372 shares of the pharmacy operator's stock after selling 648,521 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.09% of Walgreens Boots Alliance worth $8,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Walgreens Boots Alliance in the 4th quarter valued at $9,685,000. First Trust Advisors LP bought a new stake in Walgreens Boots Alliance in the 4th quarter valued at $368,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Walgreens Boots Alliance by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,428 shares of the pharmacy operator's stock valued at $978,000 after acquiring an additional 4,926 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in Walgreens Boots Alliance by 28.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 13,924 shares of the pharmacy operator's stock valued at $156,000 after acquiring an additional 3,064 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Walgreens Boots Alliance in the 1st quarter valued at $1,199,000. Hedge funds and other institutional investors own 58.59% of the company's stock.
Walgreens Boots Alliance Trading Down 0.2%
Walgreens Boots Alliance stock traded down $0.02 during trading hours on Friday, hitting $11.49. The company had a trading volume of 5,206,063 shares, compared to its average volume of 19,074,976. The firm has a market cap of $9.95 billion, a P/E ratio of -1.58, a P/E/G ratio of 1.35 and a beta of 0.78. 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, Inc. has a 1 year low of $8.08 and a 1 year high of $13.25. The company has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $11.01.
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, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $38.99 billion during the quarter, compared to analysts' expectations of $36.72 billion. Walgreens Boots Alliance had a negative net margin of 4.07% and a positive return on equity of 17.66%. The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. On average, sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Wall Street Zen began coverage on shares of Walgreens Boots Alliance in a research note on Wednesday, May 21st. They issued a "hold" rating for the company. Finally, UBS Group reaffirmed a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Walgreens Boots Alliance presently has a consensus rating of "Hold" and an average target price of $10.59.
View Our Latest Analysis on Walgreens Boots Alliance
Insider Transactions at Walgreens Boots Alliance
In other Walgreens Boots Alliance news, Chairman Stefano Pessina purchased 832,258 shares of the stock in a transaction dated Sunday, April 27th. The stock was purchased at an average price of $11.01 per share, with a total value of $9,163,160.58. Following the transaction, the chairman owned 145,621,079 shares of the company's stock, valued at approximately $1,603,288,079.79. This trade represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.50% of the stock is currently owned by company insiders.
About Walgreens Boots Alliance
(
Free Report)
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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