CANADA LIFE ASSURANCE Co reduced its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 27.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 913,192 shares of the pharmacy operator's stock after selling 350,206 shares during the period. CANADA LIFE ASSURANCE Co owned 0.11% of Walgreens Boots Alliance worth $8,515,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in WBA. Strategic Investment Solutions Inc. IL increased its stake in Walgreens Boots Alliance by 133.6% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 6,100 shares of the pharmacy operator's stock valued at $57,000 after purchasing an additional 3,489 shares during the period. Farringdon Capital Ltd. purchased a new stake in Walgreens Boots Alliance during the 4th quarter valued at approximately $186,000. Marshall Wace LLP purchased a new stake in Walgreens Boots Alliance during the 4th quarter valued at approximately $198,000. Zacks Investment Management purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $94,000. Finally, Finward Bancorp acquired a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at approximately $304,000. Hedge funds and other institutional investors own 58.59% of the company's stock.
Walgreens Boots Alliance Price Performance
WBA traded down $0.02 during trading on Friday, reaching $11.01. 6,349,910 shares of the stock were exchanged, compared to its average volume of 21,083,041. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $18.83. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of -1.08, a P/E/G ratio of 1.31 and a beta of 0.67. The business's 50 day moving average price is $10.95 and its two-hundred day moving average price is $10.22. 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 (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 firm had revenue of $38.59 billion for the quarter, compared to analysts' expectations of $37.90 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The firm's revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 EPS. As a group, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and lowered their price objective for the company from $11.00 to $9.00 in a research report on Friday, February 28th. Royal Bank of Canada boosted their price target on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 15th. Evercore ISI increased their price target on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday, January 13th. Truist Financial lowered their price objective 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. Finally, Bank of America increased their target price on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an "underperform" rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.59.
Read Our Latest Stock Report on Walgreens Boots Alliance
About Walgreens Boots Alliance
(
Free Report)
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.
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