Asset Management One Co. Ltd. trimmed its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 296,710 shares of the pharmacy operator's stock after selling 96,790 shares during the period. Asset Management One Co. Ltd.'s holdings in Walgreens Boots Alliance were worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the business. First Financial Corp IN lifted its holdings in Walgreens Boots Alliance by 49.2% in the 4th 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 in the last quarter. Golden State Wealth Management LLC bought a new stake in Walgreens Boots Alliance in the fourth quarter valued at $26,000. TD Private Client Wealth LLC raised its stake in shares of Walgreens Boots Alliance by 8,670.3% during the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator's stock valued at $29,000 after purchasing an additional 3,208 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Walgreens Boots Alliance during the third quarter worth about $30,000. Finally, Eastern Bank purchased a new position in Walgreens Boots Alliance in the 3rd quarter worth about $33,000. 58.59% of the stock is owned by institutional investors and hedge funds.
Walgreens Boots Alliance Price Performance
Shares of Walgreens Boots Alliance stock traded down $0.29 during trading on Friday, hitting $10.23. The stock had a trading volume of 7,230,683 shares, compared to its average volume of 26,494,939. The business's 50-day moving average is $10.38 and its 200 day moving average is $9.72. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $22.05. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of -1.00, a P/E/G ratio of 1.35 and a beta of 0.65.
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 for the quarter, beating the consensus estimate 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 company had revenue of $39.50 billion during the quarter, compared to the consensus estimate of $37.40 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have weighed in on WBA shares. Truist Financial lowered their target price on Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Evercore ISI upped their price target on 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 boosted their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an "underperform" rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.63.
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About Walgreens Boots Alliance
(
Free Report)
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.
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