Tiaa Fsb lowered its holdings in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 5.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 41,742 shares of the pharmacy operator’s stock after selling 2,403 shares during the quarter. Tiaa Fsb’s holdings in Walgreens Boots Alliance were worth $2,641,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paragon Capital Management LLC raised its position in shares of Walgreens Boots Alliance by 23.0% in the 1st quarter. Paragon Capital Management LLC now owns 97,372 shares of the pharmacy operator’s stock worth $6,161,000 after acquiring an additional 18,191 shares in the last quarter. Raymond James Trust N.A. increased its position in Walgreens Boots Alliance by 6.3% during the 1st quarter. Raymond James Trust N.A. now owns 38,181 shares of the pharmacy operator’s stock valued at $2,416,000 after buying an additional 2,257 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in Walgreens Boots Alliance by 3.7% during the 1st quarter. Ropes Wealth Advisors LLC now owns 16,706 shares of the pharmacy operator’s stock valued at $1,057,000 after buying an additional 594 shares in the last quarter. Retirement Systems of Alabama increased its position in Walgreens Boots Alliance by 85.2% during the 1st quarter. Retirement Systems of Alabama now owns 720,613 shares of the pharmacy operator’s stock valued at $45,593,000 after buying an additional 331,601 shares in the last quarter. Finally, Tandem Investment Advisors Inc. increased its position in Walgreens Boots Alliance by 15.4% during the 1st quarter. Tandem Investment Advisors Inc. now owns 253,151 shares of the pharmacy operator’s stock valued at $16,017,000 after buying an additional 33,869 shares in the last quarter. Institutional investors and hedge funds own 65.05% of the company’s stock.
In other Walgreens Boots Alliance news, COO Ornella Barra purchased 18,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the acquisition, the chief operating officer now directly owns 26,425 shares in the company, valued at $1,441,748. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.73% of the stock is owned by company insiders.
WBA stock opened at $54.84 on Wednesday. The firm has a market capitalization of $50.14 billion, a PE ratio of 9.11, a PEG ratio of 1.11 and a beta of 0.86. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 0.50. Walgreens Boots Alliance Inc has a 1 year low of $53.32 and a 1 year high of $86.31.
Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). The company had revenue of $34.53 billion for the quarter, compared to analysts’ expectations of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. Walgreens Boots Alliance’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 earnings per share. On average, equities research analysts expect that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.
A number of analysts have commented on WBA shares. BidaskClub lowered Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 18th. Wolfe Research reissued a “peer perform” rating on shares of Walgreens Boots Alliance in a report on Wednesday, December 19th. UBS Group started coverage on Walgreens Boots Alliance in a report on Thursday, January 17th. They issued a “sell” rating and a $70.00 target price for the company. Loop Capital set a $82.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, Zacks Investment Research lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.50.
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Walgreens Boots Alliance Profile
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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