State of Alaska Department of Revenue Raises Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

State of Alaska Department of Revenue increased its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,053 shares of the pharmacy operator’s stock after purchasing an additional 2,145 shares during the quarter. State of Alaska Department of Revenue’s holdings in Walgreens Boots Alliance were worth $938,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Riverview Trust Co boosted its stake in Walgreens Boots Alliance by 123.8% during the fourth quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator’s stock worth $27,000 after buying an additional 1,590 shares during the last quarter. Colonial Trust Co SC increased its holdings in Walgreens Boots Alliance by 79.5% during the 4th quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator’s stock worth $27,000 after purchasing an additional 1,297 shares during the period. Sentry Investment Management LLC purchased a new stake in Walgreens Boots Alliance during the 1st quarter worth about $27,000. Curat Global LLC purchased a new stake in Walgreens Boots Alliance during the 1st quarter worth about $27,000. Finally, Venturi Wealth Management LLC purchased a new stake in Walgreens Boots Alliance during the 4th quarter worth about $28,000. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Walgreens Boots Alliance Price Performance

Shares of Walgreens Boots Alliance stock opened at $11.38 on Friday. Walgreens Boots Alliance, Inc. has a twelve month low of $8.08 and a twelve month high of $13.25. The stock has a market capitalization of $9.85 billion, a P/E ratio of -1.70, a PEG ratio of 1.34 and a beta of 0.78. The company has a current ratio of 0.61, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The business’s fifty day moving average price is $11.20 and its 200 day moving average price is $10.82.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, June 26th. The pharmacy operator reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Walgreens Boots Alliance had a positive return on equity of 16.39% and a negative net margin of 3.80%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS. As a group, research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group reiterated a “neutral” rating on shares of Walgreens Boots Alliance in a report on Thursday. Wall Street Zen assumed coverage on Walgreens Boots Alliance in a research note on Wednesday, May 21st. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating and dropped their price objective for the company from $11.00 to $9.00 in a research note on Friday, February 28th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Walgreens Boots Alliance in a research report on Thursday. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.59.

Insider Transactions at Walgreens Boots Alliance

In other news, Chairman Stefano Pessina acquired 832,258 shares of the stock in a transaction that occurred on Sunday, April 27th. The stock was purchased at an average cost of $11.01 per share, with a total value of $9,163,160.58. Following the completion of the acquisition, the chairman now directly owns 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.50% of the company’s stock.

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.