Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 359,052 shares of the pharmacy operator's stock after selling 31,661 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Walgreens Boots Alliance were worth $3,350,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Modern Wealth Management LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter worth $129,000. Vanguard Group Inc. lifted its position in shares of Walgreens Boots Alliance by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 86,335,084 shares of the pharmacy operator's stock valued at $805,506,000 after buying an additional 2,279,495 shares during the last quarter. Stevens Capital Management LP boosted its holdings in shares of Walgreens Boots Alliance by 35.9% in the 4th quarter. Stevens Capital Management LP now owns 35,085 shares of the pharmacy operator's stock valued at $327,000 after buying an additional 9,277 shares in the last quarter. Fox Run Management L.L.C. grew its position in shares of Walgreens Boots Alliance by 7.8% in the 4th quarter. Fox Run Management L.L.C. now owns 31,616 shares of the pharmacy operator's stock worth $295,000 after buying an additional 2,283 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $5,833,000. Institutional investors own 58.59% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a research note on Friday, January 31st. StockNews.com initiated coverage on Walgreens Boots Alliance in a research note on Wednesday, March 26th. They set a "hold" rating on the stock. Royal Bank of Canada upped their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a "sector perform" rating in a report on Wednesday, January 15th. 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 report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and dropped their target price for the stock from $11.00 to $9.00 in a research report on Friday, February 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of "Hold" and a consensus price target of $10.59.

Walgreens Boots Alliance Stock Performance

WBA stock traded up $0.02 during trading on Wednesday, hitting $11.18. 9,233,294 shares of the company traded hands, compared to its average volume of 20,797,126. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $19.48. The company has a market cap of $9.66 billion, a PE ratio of -1.09, a P/E/G ratio of 1.31 and a beta of 0.62. The stock's 50-day simple moving average is $10.80 and its 200 day simple moving average is $9.95. 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 results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.13. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The firm had revenue of $39.50 billion for the quarter, compared to the consensus estimate of $37.40 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share 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.