Range Financial Group LLC Takes Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Range Financial Group LLC acquired a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 27,112 shares of the pharmacy operator's stock, valued at approximately $303,000.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Walgreens Boots Alliance in the 4th quarter valued at about $26,000. Riverview Trust Co raised its position in shares of Walgreens Boots Alliance by 123.8% in the fourth quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator's stock valued at $27,000 after buying an additional 1,590 shares in the last quarter. Colonial Trust Co SC grew its position in 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 worth $27,000 after buying an additional 1,297 shares in the last quarter. Sentry Investment Management LLC bought a new position in Walgreens Boots Alliance during the 1st quarter worth $27,000. Finally, Curat Global LLC bought a new position in Walgreens Boots Alliance during the 1st quarter worth $27,000. Institutional investors own 58.59% of the company's stock.

Wall Street Analyst Weigh In

WBA has been the subject of several recent analyst reports. Wall Street Zen assumed coverage on shares of Walgreens Boots Alliance in a research report on Wednesday, May 21st. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and cut their price target for the stock from $11.00 to $9.00 in a report on Friday, February 28th. Finally, Wolfe Research raised shares of 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $10.59.

Walgreens Boots Alliance Price Performance

Shares of NASDAQ WBA traded up $0.02 during mid-day trading on Tuesday, hitting $11.35. 7,113,330 shares of the stock traded hands, compared to its average volume of 20,842,954. The firm has a 50 day simple moving average of $11.04 and a two-hundred day simple moving average of $10.62. 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, Inc. has a twelve month low of $8.08 and a twelve month high of $16.25. The company has a market cap of $9.81 billion, a PE ratio of -1.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.78.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.10. The company had revenue of $38.59 billion for the quarter, compared to analyst estimates of $37.90 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. Walgreens Boots Alliance's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share. As a group, equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Insider Activity

In other Walgreens Boots Alliance news, Chairman Stefano Pessina purchased 832,258 shares of the firm's stock in a transaction on Sunday, April 27th. The stock was purchased at an average cost of $11.01 per share, for a total transaction of $9,163,160.58. Following the acquisition, the chairman now owns 145,621,079 shares in the company, valued at approximately $1,603,288,079.79. The trade was a 0.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.50% of the company's stock.

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.