Mutual of America Capital Management LLC Sells 2,304 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Mutual of America Capital Management LLC cut its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,015 shares of the pharmacy operator’s stock after selling 2,304 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Financial Corp IN grew its position 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 worth $25,000 after purchasing an additional 885 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Walgreens Boots Alliance during the 4th quarter valued at $26,000. Venturi Wealth Management LLC purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter worth $28,000. TD Private Client Wealth LLC grew its holdings in shares of Walgreens Boots Alliance by 8,670.3% in the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock worth $29,000 after acquiring an additional 3,208 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Walgreens Boots Alliance during the third quarter valued at $35,000. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WBA has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating and dropped their target price for the stock from $11.00 to $9.00 in a research report on Friday, February 28th. Bank of America raised their price objective on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a report on Monday, January 13th. Evercore ISI upped their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Royal Bank of Canada lifted their price target on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 15th. Finally, Wolfe Research upgraded Walgreens Boots Alliance to a “hold” rating in a research note on Monday, February 24th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $11.54.

Walgreens Boots Alliance Trading Up 7.5 %

WBA stock opened at $11.39 on Monday. 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, Inc. has a 1-year low of $8.08 and a 1-year high of $22.05. The business has a 50 day simple moving average of $10.64 and a two-hundred day simple moving average of $9.71. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of -1.11, a PEG ratio of 1.31 and a beta of 0.62.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. The firm had revenue of $39.50 billion during the quarter, compared to analyst estimates of $37.40 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. Walgreens Boots Alliance’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Walgreens Boots Alliance Company 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.