GAMMA Investing LLC Decreases Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

GAMMA Investing LLC cut its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 27.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,234 shares of the pharmacy operator’s stock after selling 3,041 shares during the period. GAMMA Investing LLC’s holdings in Walgreens Boots Alliance were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Iron Horse Wealth Management LLC lifted its stake in Walgreens Boots Alliance by 162.5% during the second quarter. Iron Horse Wealth Management LLC now owns 2,100 shares of the pharmacy operator’s stock worth $25,000 after purchasing an additional 1,300 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Walgreens Boots Alliance by 87.0% during the 2nd quarter. Blue Trust Inc. now owns 2,324 shares of the pharmacy operator’s stock worth $28,000 after buying an additional 1,081 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of Walgreens Boots Alliance by 71.2% in the 2nd quarter. Continuum Advisory LLC now owns 2,453 shares of the pharmacy operator’s stock valued at $30,000 after buying an additional 1,020 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Walgreens Boots Alliance in the 2nd quarter valued at $34,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Walgreens Boots Alliance during the 1st quarter worth $35,000. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Walgreens Boots Alliance Price Performance

Shares of Walgreens Boots Alliance stock opened at $10.42 on Wednesday. The stock has a market capitalization of $9.00 billion, a P/E ratio of -1.55, a PEG ratio of 1.04 and a beta of 0.70. The company has a current ratio of 0.65, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average price is $9.40 and its 200 day moving average price is $13.23. Walgreens Boots Alliance, Inc. has a twelve month low of $8.22 and a twelve month high of $27.05.

Wall Street Analysts Forecast Growth

WBA has been the topic of several research reports. Bank of America dropped their price objective on Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating on the stock in a report on Wednesday, September 4th. TD Cowen cut their price target on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Truist Financial decreased their price objective on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a report on Monday, October 7th. Royal Bank of Canada cut their target price on shares of Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 2nd. Finally, Barclays lowered their price objective on shares of Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $13.46.

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.