Summit Securities Group LLC Takes Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Summit Securities Group LLC acquired a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 53,400 shares of the pharmacy operator's stock, valued at approximately $498,000.

A number of other institutional investors have also recently bought and sold shares of WBA. First Financial Corp IN increased its stake in Walgreens Boots Alliance by 49.2% during the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator's stock worth $25,000 after purchasing an additional 885 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $26,000. Riverview Trust Co lifted its position in Walgreens Boots Alliance by 123.8% in the 4th quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator's stock valued at $27,000 after acquiring an additional 1,590 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Walgreens Boots Alliance in the 4th quarter worth $28,000. Finally, TD Private Client Wealth LLC increased its holdings 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 worth $29,000 after purchasing an additional 3,208 shares in the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.

Walgreens Boots Alliance Stock Performance

Walgreens Boots Alliance stock traded down $0.13 during midday trading on Thursday, reaching $11.05. 8,278,036 shares of the company's stock were exchanged, compared to its average volume of 20,749,997. The stock's 50-day simple moving average is $10.79 and its 200 day simple moving average is $9.95. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of -1.08, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.30 and a current ratio of 0.64. Walgreens Boots Alliance, Inc. has a 52 week low of $8.08 and a 52 week high of $19.48.

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Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, topping the consensus estimate of $0.38 by $0.13. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The company had revenue of $39.50 billion during the quarter, compared to the consensus estimate of $37.40 billion. During the same period in the previous year, the company posted $0.66 EPS. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America increased their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an "underperform" rating in a report on Monday, January 13th. Truist Financial decreased their price target 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. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and cut their price objective for the stock from $11.00 to $9.00 in a research report on Friday, February 28th. Evercore ISI lifted 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. Finally, StockNews.com began coverage on shares of Walgreens Boots Alliance in a research report on Thursday. They set a "hold" rating on the stock. Four 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. According to data from MarketBeat.com, Walgreens Boots Alliance has an average rating of "Hold" and an average price target of $10.59.

Walgreens Boots Alliance 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.