Vanguard Group Inc. Has $931.27 Million Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Vanguard Group Inc. cut its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 3.4% in the 1st quarter, HoldingsChannel reports. The fund owned 83,372,695 shares of the pharmacy operator’s stock after selling 2,962,389 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Walgreens Boots Alliance worth $931,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Marble Harbor Investment Counsel LLC lifted its position in Walgreens Boots Alliance by 5.1% during the first quarter. Marble Harbor Investment Counsel LLC now owns 639,938 shares of the pharmacy operator’s stock worth $7,148,000 after acquiring an additional 31,066 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Walgreens Boots Alliance by 35.6% in the first quarter. Bank of Nova Scotia now owns 75,493 shares of the pharmacy operator’s stock valued at $843,000 after buying an additional 19,819 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in Walgreens Boots Alliance by 23.9% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,715 shares of the pharmacy operator’s stock worth $242,000 after buying an additional 4,194 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Walgreens Boots Alliance by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 844,168 shares of the pharmacy operator’s stock worth $9,429,000 after buying an additional 140,824 shares in the last quarter. Finally, Alberta Investment Management Corp increased its stake in Walgreens Boots Alliance by 3.2% during the 1st quarter. Alberta Investment Management Corp now owns 1,607,100 shares of the pharmacy operator’s stock worth $17,951,000 after acquiring an additional 50,000 shares during the period. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley restated an “underweight” rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Wall Street Zen assumed coverage on Walgreens Boots Alliance in a research note on Wednesday, May 21st. They set a “hold” rating on the stock. Finally, UBS Group restated 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 issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.59.

Walgreens Boots Alliance Stock Down 0.7%

Shares of WBA opened at $11.86 on Tuesday. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $13.25. The company has a market cap of $10.27 billion, a P/E ratio of -1.63, a P/E/G ratio of 1.40 and a beta of 0.80. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.32. The firm has a 50 day simple moving average of $11.50 and a two-hundred day simple moving average of $11.10.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results 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 firm had revenue of $38.99 billion for the quarter, compared to analysts’ expectations 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 was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS 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.