Walgreens Boots Alliance, Inc. $WBA Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC trimmed its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 20.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,390 shares of the pharmacy operator’s stock after selling 6,190 shares during the quarter. Ballentine Partners LLC’s holdings in Walgreens Boots Alliance were worth $280,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WBA. Wealthquest Corp acquired a new position in Walgreens Boots Alliance in the first quarter valued at approximately $38,457,000. National Bank of Canada FI raised its position in Walgreens Boots Alliance by 1,223.1% in the first quarter. National Bank of Canada FI now owns 3,582,442 shares of the pharmacy operator’s stock valued at $40,016,000 after purchasing an additional 3,311,682 shares during the period. TIG Advisors LLC lifted its stake in shares of Walgreens Boots Alliance by 2,729.3% in the 1st quarter. TIG Advisors LLC now owns 2,181,026 shares of the pharmacy operator’s stock valued at $24,362,000 after purchasing an additional 2,103,940 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Walgreens Boots Alliance by 4,739.3% during the 1st quarter. Woodline Partners LP now owns 2,085,596 shares of the pharmacy operator’s stock worth $23,296,000 after purchasing an additional 2,042,499 shares during the period. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Walgreens Boots Alliance during the 1st quarter worth $21,833,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Stock Performance

Shares of WBA stock opened at $11.98 on Monday. The firm has a 50 day moving average of $11.89 and a two-hundred day moving average of $11.43. The stock has a market capitalization of $10.37 billion, a PE ratio of -1.64, a P/E/G ratio of 1.42 and a beta of 0.80. The company has a quick ratio of 0.32, a current ratio of 0.60 and a debt-to-equity ratio of 0.96. Walgreens Boots Alliance, Inc. has a 52 week low of $8.08 and a 52 week high of $13.25.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, June 26th. The pharmacy operator reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $38.99 billion for the quarter, compared to analyst estimates 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 was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group restated a “neutral” rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Morgan Stanley reiterated an “underweight” rating on shares of Walgreens Boots Alliance in a research report on Thursday, June 26th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Walgreens Boots Alliance has an average rating of “Reduce” and a consensus price target of $10.15.

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.