Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,710 shares of the pharmacy operator’s stock after selling 96,790 shares during the period. Asset Management One Co. Ltd.’s holdings in Walgreens Boots Alliance were worth $2,854,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WBA. First Financial Corp IN increased its holdings in shares of Walgreens Boots Alliance by 49.2% during the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock valued at $25,000 after purchasing an additional 885 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at $26,000. TD Private Client Wealth LLC increased its holdings in shares of Walgreens Boots Alliance by 8,670.3% during the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after purchasing an additional 3,208 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Walgreens Boots Alliance during the third quarter valued at $30,000. Finally, Eastern Bank acquired a new position in shares of Walgreens Boots Alliance during the third quarter valued at $33,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on WBA shares. Truist Financial lowered their price target on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada increased their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 15th. Jefferies Financial Group decreased their price objective on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI boosted their price target 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. Finally, Bank of America boosted their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Walgreens Boots Alliance currently has a consensus rating of “Hold” and an average target price of $13.19.

Walgreens Boots Alliance Stock Down 2.4 %

Shares of WBA stock opened at $10.79 on Thursday. The firm has a market cap of $9.32 billion, a PE ratio of -1.05, a price-to-earnings-growth 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. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $22.47. The stock has a 50 day moving average of $10.36 and a 200-day moving average of $9.71.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The business had revenue of $39.50 billion for the quarter, compared to analysts’ expectations of $37.40 billion. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. Walgreens Boots Alliance’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. On average, equities analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS 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.