Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 62.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,095 shares of the pharmacy operator’s stock after acquiring an additional 6,596 shares during the quarter. AlphaQuest LLC’s holdings in Walgreens Boots Alliance were worth $159,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WBA. Charles Schwab Investment Management Inc. grew its position in shares of Walgreens Boots Alliance by 43.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,969,188 shares of the pharmacy operator’s stock worth $98,284,000 after buying an additional 3,329,857 shares in the last quarter. Swedbank AB grew its position in shares of Walgreens Boots Alliance by 45.3% during the fourth quarter. Swedbank AB now owns 595,828 shares of the pharmacy operator’s stock worth $5,559,000 after buying an additional 185,762 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Walgreens Boots Alliance by 23.4% during the third quarter. PNC Financial Services Group Inc. now owns 340,431 shares of the pharmacy operator’s stock worth $3,050,000 after buying an additional 64,586 shares in the last quarter. Sasco Capital Inc. CT grew its position in shares of Walgreens Boots Alliance by 13.6% during the third quarter. Sasco Capital Inc. CT now owns 1,041,440 shares of the pharmacy operator’s stock worth $9,331,000 after buying an additional 124,950 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Walgreens Boots Alliance by 82.8% during the third quarter. Sunbelt Securities Inc. now owns 139,377 shares of the pharmacy operator’s stock worth $1,249,000 after buying an additional 63,149 shares in the last quarter. 58.59% of the stock is owned by institutional investors and hedge funds.

Walgreens Boots Alliance Price Performance

Walgreens Boots Alliance stock opened at $11.26 on Tuesday. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $22.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. The business has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $9.77. The stock has a market capitalization of $9.73 billion, a PE ratio of -1.10, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, topping 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 business had revenue of $39.50 billion during the quarter, compared to analysts’ expectations of $37.40 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

WBA has been the subject of a number of research analyst reports. Bank of America upped 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. Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating and lowered their price target for the company from $11.00 to $9.00 in a report on Friday, February 28th. Evercore ISI upped their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Truist Financial lowered their price target on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Wolfe Research raised Walgreens Boots Alliance to a “hold” rating in a report on Monday, February 24th. Four 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’s stock. According to MarketBeat, Walgreens Boots Alliance presently has an average rating of “Hold” and an average target price of $11.54.

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.