Strategic Advisors LLC Sells 63,199 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Strategic Advisors LLC lessened its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 86.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,301 shares of the pharmacy operator's stock after selling 63,199 shares during the period. Strategic Advisors LLC's holdings in Walgreens Boots Alliance were worth $96,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Financial Corp IN lifted its position 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 purchasing an additional 885 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Walgreens Boots Alliance during the 4th quarter valued at $26,000. TD Private Client Wealth LLC boosted its position in Walgreens Boots Alliance by 8,670.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator's stock valued at $29,000 after buying an additional 3,208 shares during the period. Sentry Investment Management LLC bought a new stake in Walgreens Boots Alliance in the 3rd quarter worth $30,000. Finally, Eastern Bank purchased a new position in shares of Walgreens Boots Alliance in the third quarter valued at about $33,000. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WBA shares. Evercore ISI increased their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday, January 13th. Bank of America lifted their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an "underperform" rating in a research report on Monday, January 13th. Truist Financial decreased their target price on Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada lifted their price target 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. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of "Hold" and a consensus price target of $12.63.

Walgreens Boots Alliance Stock Down 3.3 %

Walgreens Boots Alliance stock traded down $0.35 during mid-day trading on Friday, reaching $10.16. The stock had a trading volume of 24,339,535 shares, compared to its average volume of 27,023,563. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $22.05. The company has a 50-day moving average price of $10.37 and a two-hundred day moving average price of $9.71. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of -0.99, a PEG ratio of 1.35 and a beta of 0.65. 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 issued its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.13. The firm had revenue of $39.50 billion for the quarter, compared to the consensus estimate of $37.40 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. On average, analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal 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.