F M Investments LLC Sells 25,248 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

F M Investments LLC trimmed its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 63.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,503 shares of the pharmacy operator's stock after selling 25,248 shares during the period. F M Investments LLC's holdings in Walgreens Boots Alliance were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its stake in Walgreens Boots Alliance by 21.1% during the fourth quarter. Brooklyn Investment Group now owns 4,757 shares of the pharmacy operator's stock worth $44,000 after purchasing an additional 830 shares during the last quarter. First Financial Corp IN boosted its stake in Walgreens Boots Alliance by 49.2% in the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator's stock valued at $25,000 after buying an additional 885 shares in the last quarter. CWA Asset Management Group LLC raised its stake in Walgreens Boots Alliance by 9.2% during the fourth quarter. CWA Asset Management Group LLC now owns 12,893 shares of the pharmacy operator's stock worth $120,000 after acquiring an additional 1,084 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Walgreens Boots Alliance by 4.9% in the fourth quarter. Metis Global Partners LLC now owns 23,815 shares of the pharmacy operator's stock worth $222,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of Walgreens Boots Alliance by 4.3% during the 4th quarter. Harbour Investments Inc. now owns 28,389 shares of the pharmacy operator's stock valued at $265,000 after purchasing an additional 1,165 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and cut their target price for the company from $11.00 to $9.00 in a research report on Friday, February 28th. Wolfe Research raised Walgreens Boots Alliance to a "hold" rating in a report on Monday, February 24th. StockNews.com began coverage on Walgreens Boots Alliance in a report on Friday, April 11th. They set a "hold" rating on the stock. Royal Bank of Canada lifted their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 15th. Finally, Evercore ISI raised their price target 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. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Walgreens Boots Alliance currently has a consensus rating of "Hold" and an average target price of $10.59.

Walgreens Boots Alliance Trading Up 0.8 %

WBA stock traded up $0.09 during mid-day trading on Friday, reaching $10.89. The company's stock had a trading volume of 7,857,996 shares, compared to its average volume of 20,981,192. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $18.83. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68. The business's 50 day moving average price is $10.82 and its 200 day moving average price is $10.12. The company has a market cap of $9.42 billion, a price-to-earnings ratio of -1.06, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67.

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

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.