Walgreens Boots Alliance, Inc. $WBA Shares Bought by TIG Advisors LLC

TIG Advisors LLC lifted its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2,729.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,181,026 shares of the pharmacy operator’s stock after acquiring an additional 2,103,940 shares during the quarter. Walgreens Boots Alliance accounts for about 1.5% of TIG Advisors LLC’s holdings, making the stock its 21st biggest position. TIG Advisors LLC owned about 0.25% of Walgreens Boots Alliance worth $24,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WBA. Townsquare Capital LLC raised its holdings in Walgreens Boots Alliance by 2.3% during the first quarter. Townsquare Capital LLC now owns 44,104 shares of the pharmacy operator’s stock worth $493,000 after purchasing an additional 996 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in Walgreens Boots Alliance by 28.6% in the first quarter. Central Pacific Bank Trust Division now owns 4,500 shares of the pharmacy operator’s stock valued at $50,000 after purchasing an additional 1,000 shares during the last quarter. MAI Capital Management increased its position in shares of Walgreens Boots Alliance by 1.9% in the first quarter. MAI Capital Management now owns 57,827 shares of the pharmacy operator’s stock valued at $646,000 after buying an additional 1,055 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Walgreens Boots Alliance by 6.6% during the 1st quarter. Frank Rimerman Advisors LLC now owns 17,682 shares of the pharmacy operator’s stock worth $198,000 after buying an additional 1,094 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in shares of Walgreens Boots Alliance by 3.0% during the 1st quarter. Independent Advisor Alliance now owns 39,978 shares of the pharmacy operator’s stock worth $447,000 after buying an additional 1,150 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Walgreens Boots Alliance Price Performance

Walgreens Boots Alliance stock opened at $11.98 on Monday. The stock has a market capitalization of $10.37 billion, a P/E ratio of -1.64, a P/E/G ratio of 1.42 and a beta of 0.80. Walgreens Boots Alliance, Inc. has a 12-month low of $8.08 and a 12-month high of $13.25. 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’s 50-day moving average is $11.69 and its two-hundred day moving average is $11.27.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, June 26th. The pharmacy operator reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $38.99 billion during the quarter, compared to analyst estimates 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 business posted $0.63 earnings per share. Equities analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Wall Street Analyst Weigh In

WBA has been the topic of a number of research reports. 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 reaffirmed an “underweight” rating on shares of Walgreens Boots Alliance in a report on Thursday, June 26th. Finally, UBS Group reiterated a “neutral” rating on shares of Walgreens Boots Alliance in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $10.15.

About Walgreens Boots Alliance

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.