Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 21.7% during the first quarter, Holdings Channel reports. The fund owned 31,800 shares of the pharmacy operator’s stock after selling 8,829 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Walgreens Boots Alliance were worth $355,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WBA. Colonial Trust Co SC increased its stake in Walgreens Boots Alliance by 79.5% in the 4th quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator’s stock valued at $27,000 after buying an additional 1,297 shares during the period. Sentry Investment Management LLC acquired a new position in Walgreens Boots Alliance in the 1st quarter valued at approximately $27,000. Curat Global LLC acquired a new position in Walgreens Boots Alliance in the 1st quarter valued at approximately $27,000. Private Trust Co. NA increased its stake in Walgreens Boots Alliance by 35.5% in the 4th quarter. Private Trust Co. NA now owns 4,585 shares of the pharmacy operator’s stock valued at $43,000 after buying an additional 1,200 shares during the period. Finally, Lindbrook Capital LLC increased its stake in Walgreens Boots Alliance by 126.8% in the 4th quarter. Lindbrook Capital LLC now owns 4,978 shares of the pharmacy operator’s stock valued at $46,000 after buying an additional 2,783 shares during the period. Institutional investors and hedge funds own 58.59% of the company’s stock.

Walgreens Boots Alliance Stock Performance

WBA stock opened at $11.48 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.60 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of -1.57, a P/E/G ratio of 1.36 and a beta of 0.78. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $13.25. The firm has a 50 day moving average of $11.25 and a two-hundred day moving average of $10.87.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on WBA shares. Wall Street Zen started coverage on shares of Walgreens Boots Alliance in a research note on Wednesday, May 21st. They issued a “hold” rating on the stock. Morgan Stanley reiterated an “underweight” rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Finally, UBS Group reiterated 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 assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Walgreens Boots Alliance has an average rating of “Hold” and a consensus target price of $10.59.

Insider Activity

In other news, Chairman Stefano Pessina acquired 832,258 shares of the firm’s stock in a transaction that occurred on Sunday, April 27th. The stock was acquired at an average cost of $11.01 per share, with a total value of $9,163,160.58. Following the acquisition, the chairman owned 145,621,079 shares in the company, valued at approximately $1,603,288,079.79. This represents a 0.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.50% of the company’s stock.

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.