Chesley Taft & Associates LLC Reduces Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Chesley Taft & Associates LLC reduced its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,976 shares of the pharmacy operator’s stock after selling 1,650 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Walgreens Boots Alliance were worth $143,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WBA. Czech National Bank increased its stake in Walgreens Boots Alliance by 7.0% in the third quarter. Czech National Bank now owns 145,962 shares of the pharmacy operator’s stock worth $1,308,000 after purchasing an additional 9,512 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of Walgreens Boots Alliance by 77.8% in the third quarter. Central Pacific Bank Trust Division now owns 8,000 shares of the pharmacy operator’s stock worth $72,000 after purchasing an additional 3,500 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Walgreens Boots Alliance by 96.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 5,527 shares of the pharmacy operator’s stock worth $50,000 after buying an additional 2,719 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Walgreens Boots Alliance during the 2nd quarter valued at about $958,000. Finally, Clifford Capital Partners LLC boosted its position in Walgreens Boots Alliance by 58.4% in the 2nd quarter. Clifford Capital Partners LLC now owns 803,204 shares of the pharmacy operator’s stock valued at $9,715,000 after buying an additional 296,135 shares during the period. Institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Stock Up 2.4 %

Shares of Walgreens Boots Alliance stock opened at $9.08 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The company has a market cap of $7.84 billion, a P/E ratio of -1.35, a PEG ratio of 0.99 and a beta of 0.70. The firm’s 50 day moving average price is $9.67 and its 200-day moving average price is $13.73. Walgreens Boots Alliance, Inc. has a 52-week low of $8.22 and a 52-week high of $27.05.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WBA shares. Barclays reduced their target price 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. TD Cowen reduced their price objective on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Evercore ISI decreased their target price on Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating for the company in a research report on Friday, June 28th. Bank of America dropped their price target on Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.50.

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.