Advisory Services Network LLC Sells 25,765 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Advisory Services Network LLC reduced its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,958 shares of the pharmacy operator's stock after selling 25,765 shares during the period. Advisory Services Network LLC's holdings in Walgreens Boots Alliance were worth $681,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Walgreens Boots Alliance by 193.4% during the 3rd quarter. Wellington Management Group LLP now owns 193,526 shares of the pharmacy operator's stock worth $1,734,000 after acquiring an additional 127,558 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Walgreens Boots Alliance by 188.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 32,159 shares of the pharmacy operator's stock worth $288,000 after buying an additional 21,004 shares in the last quarter. Toronto Dominion Bank boosted its stake in Walgreens Boots Alliance by 8.2% in the third quarter. Toronto Dominion Bank now owns 356,330 shares of the pharmacy operator's stock valued at $3,193,000 after buying an additional 26,861 shares in the last quarter. TD Private Client Wealth LLC grew its position in Walgreens Boots Alliance by 8,670.3% in the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator's stock valued at $29,000 after acquiring an additional 3,208 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Walgreens Boots Alliance during the third quarter worth about $208,000. 58.59% of the stock is owned by institutional investors.

Walgreens Boots Alliance Trading Up 0.8 %

Shares of NASDAQ:WBA traded up $0.09 during mid-day trading on Friday, hitting $10.89. The company had a trading volume of 7,857,996 shares, compared to its average volume of 21,078,930. The company has a market capitalization of $9.42 billion, a PE ratio of -1.06, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $18.83. The firm has a fifty day moving average price of $10.85 and a 200 day moving average price of $10.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The pharmacy operator reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.10. The firm had revenue of $38.59 billion for the quarter, compared to analyst estimates of $37.90 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. As a group, research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.

Analyst Upgrades and Downgrades

WBA has been the subject of several research reports. Evercore ISI increased their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an "in-line" rating in a research note on Monday, January 13th. StockNews.com started coverage on Walgreens Boots Alliance in a research report on Saturday. They issued a "hold" rating for the company. Royal Bank of Canada boosted their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 15th. Wolfe Research upgraded shares of Walgreens Boots Alliance to a "hold" rating in a research report on Monday, February 24th. Finally, Bank of America raised their price target on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an "underperform" rating in a research note on Monday, January 13th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.59.

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.