Sheaff Brock Investment Advisors LLC Trims Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Sheaff Brock Investment Advisors LLC cut its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,986 shares of the pharmacy operator’s stock after selling 2,538 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Walgreens Boots Alliance were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Colonial Trust Co SC boosted 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 worth $27,000 after purchasing an additional 1,297 shares in the last quarter. Sentry Investment Management LLC bought a new position in Walgreens Boots Alliance during the 1st quarter valued at about $27,000. Curat Global LLC bought a new position in Walgreens Boots Alliance during the 1st quarter valued at about $27,000. Vestor Capital LLC bought a new position in Walgreens Boots Alliance during the 1st quarter valued at about $45,000. Finally, Central Pacific Bank Trust Division lifted its stake in Walgreens Boots Alliance by 28.6% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,500 shares of the pharmacy operator’s stock valued at $50,000 after acquiring an additional 1,000 shares during the period. 58.59% of the stock is owned by hedge funds and other institutional investors.

Walgreens Boots Alliance Trading Up 0.2%

Shares of WBA opened at $11.63 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.32. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $13.25. The company has a 50 day simple moving average of $11.39 and a two-hundred day simple moving average of $11.12. The firm has a market cap of $10.07 billion, a P/E ratio of -1.60, a price-to-earnings-growth ratio of 1.36 and a beta of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data 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. Walgreens Boots Alliance had a negative net margin of 4.07% and a positive return on equity of 17.66%. The business had revenue of $38.99 billion during the quarter, compared to analyst estimates of $36.72 billion. During the same period last year, the firm posted $0.63 EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on WBA. UBS Group restated a “neutral” rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Morgan Stanley reiterated an “underweight” rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Finally, Wall Street Zen assumed coverage on shares of Walgreens Boots Alliance in a research note on Wednesday, May 21st. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Walgreens Boots Alliance has an average rating of “Hold” and a consensus target price of $10.59.

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.