Moore Capital Management LP Makes New Investment in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Moore Capital Management LP bought a new stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 140,943 shares of the pharmacy operator's stock, valued at approximately $1,315,000.

Other hedge funds have also modified their holdings of the company. First Financial Corp IN lifted 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 last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at $26,000. Riverview Trust Co lifted its holdings in shares of Walgreens Boots Alliance by 123.8% during the fourth 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 during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Walgreens Boots Alliance by 79.5% during the fourth quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator's stock valued at $27,000 after purchasing an additional 1,297 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at $28,000. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WBA shares. Truist Financial reduced their price objective on Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a research note on Friday, January 31st. StockNews.com started coverage on Walgreens Boots Alliance in a research note on Tuesday, May 13th. They issued a "hold" rating for the company. Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $11.00 to $9.00 in a research note on Friday, February 28th. Finally, Wolfe Research raised Walgreens Boots Alliance to a "hold" rating in a research note on Monday, February 24th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Walgreens Boots Alliance presently has an average rating of "Hold" and a consensus target price of $10.59.

Walgreens Boots Alliance Stock Up 1.0%

Shares of NASDAQ WBA traded up $0.11 during mid-day trading on Friday, reaching $11.29. 5,903,657 shares of the company traded hands, compared to its average volume of 21,116,798. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.30 and a current ratio of 0.64. The stock has a market cap of $9.76 billion, a PE ratio of -1.10, a price-to-earnings-growth ratio of 1.31 and a beta of 0.77. The company's fifty day moving average is $11.02 and its two-hundred day moving average is $10.36. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $18.17.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The pharmacy operator reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.10. The business had revenue of $38.59 billion for the quarter, compared to analyst estimates of $37.90 billion. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. On average, analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Insider Activity

In other Walgreens Boots Alliance news, Chairman Stefano Pessina bought 832,258 shares of the stock in a transaction on Sunday, April 27th. The shares were purchased at an average price of $11.01 per share, with a total value of $9,163,160.58. Following the acquisition, the chairman now directly owns 145,621,079 shares of the company's stock, valued at $1,603,288,079.79. This represents a 0.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 17.50% of the stock is currently owned by insiders.

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.