Pallas Capital Advisors LLC Decreases Stake in Walgreens Boots Alliance, Inc. $WBA

Pallas Capital Advisors LLC lowered its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 32.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,549 shares of the pharmacy operator’s stock after selling 7,046 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Walgreens Boots Alliance were worth $167,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new stake in Walgreens Boots Alliance in the 1st quarter worth about $27,000. Curat Global LLC purchased a new position in Walgreens Boots Alliance during the 1st quarter valued at about $27,000. Federated Hermes Inc. grew its holdings 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 valued at $35,000 after buying an additional 1,815 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Walgreens Boots Alliance during the 1st quarter valued at about $43,000. Finally, Vestor Capital LLC purchased a new position in Walgreens Boots Alliance during the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group reaffirmed a “neutral” rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Morgan Stanley reaffirmed an “underweight” rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $10.15.

Walgreens Boots Alliance Stock Performance

Shares of WBA opened at $11.98 on Tuesday. The company has a market cap of $10.37 billion, a PE ratio of -1.64, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80. The company has a current ratio of 0.60, a quick ratio of 0.32 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average price of $11.85 and a 200-day moving average price of $11.41. Walgreens Boots Alliance, Inc. has a 12-month low of $8.08 and a 12-month high of $13.25.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Thursday, June 26th. The pharmacy operator reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $38.99 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. As a group, equities analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal 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.