LPL Financial LLC Sells 8,283 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

LPL Financial LLC reduced its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 891,616 shares of the pharmacy operator’s stock after selling 8,283 shares during the period. LPL Financial LLC owned approximately 0.10% of Walgreens Boots Alliance worth $8,319,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

WBA has been the subject of several research reports. Wolfe Research upgraded shares of Walgreens Boots Alliance to a “hold” rating in a research report on Monday, February 24th. StockNews.com initiated coverage on shares of Walgreens Boots Alliance in a research report on Thursday. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating and decreased their price objective for the company from $11.00 to $9.00 in a research report on Friday, February 28th. Bank of America boosted their target price on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada raised 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. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.59.

Walgreens Boots Alliance Stock Performance

Shares of NASDAQ:WBA opened at $10.68 on Friday. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of -1.04, a P/E/G ratio of 1.31 and a beta of 0.67. The firm’s 50 day simple moving average is $10.75 and its 200 day simple moving average is $9.98. 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 fifty-two week low of $8.08 and a fifty-two week high of $19.48.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $37.40 billion. During the same period last year, the business posted $0.66 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

About Walgreens Boots Alliance

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.