Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Stake Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 632,437 shares of the pharmacy operator’s stock after selling 6,986 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Walgreens Boots Alliance worth $5,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. First Financial Corp IN grew 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 valued at $25,000 after acquiring an additional 885 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Walgreens Boots Alliance during the 4th quarter valued at about $26,000. TD Private Client Wealth LLC grew its stake 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 acquiring an additional 3,208 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Walgreens Boots Alliance during the 3rd quarter valued at about $30,000. Finally, Eastern Bank purchased a new position in Walgreens Boots Alliance during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Stock Down 2.4 %

Shares of Walgreens Boots Alliance stock opened at $10.79 on Thursday. The stock has a market capitalization of $9.32 billion, a P/E ratio of -1.05, a PEG ratio of 1.21 and a beta of 0.65. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $10.36 and a two-hundred day moving average price of $9.71. Walgreens Boots Alliance, Inc. has a 12-month low of $8.08 and a 12-month high of $22.47.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data 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 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 analysts’ expectations of $37.40 billion. During the same period in the prior year, the business earned $0.66 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts expect 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. Jefferies Financial Group lowered their target price on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. 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 lifted their target price on 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. Royal Bank of Canada lifted their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a report on Wednesday, January 15th. Finally, Bank of America lifted their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.19.

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.