Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by American Investment Services Inc.

American Investment Services Inc. lessened its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,375 shares of the pharmacy operator's stock after selling 45,646 shares during the period. American Investment Services Inc.'s holdings in Walgreens Boots Alliance were worth $1,338,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Park Avenue Securities LLC purchased a new stake in Walgreens Boots Alliance in the 4th quarter valued at $141,000. Janney Montgomery Scott LLC raised its holdings in shares of Walgreens Boots Alliance by 17.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 175,236 shares of the pharmacy operator's stock valued at $1,635,000 after purchasing an additional 25,582 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of Walgreens Boots Alliance by 20.4% in the fourth quarter. Mutual Advisors LLC now owns 14,617 shares of the pharmacy operator's stock valued at $136,000 after purchasing an additional 2,477 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at about $184,000. Finally, Orca Wealth Management LLC purchased a new position in Walgreens Boots Alliance during the fourth quarter worth about $322,000. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walgreens Boots Alliance

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

Walgreens Boots Alliance Stock Performance

Shares of NASDAQ:WBA traded up $0.04 during trading on Thursday, hitting $11.23. 8,877,227 shares of the stock traded hands, compared to its average volume of 20,818,567. 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 52-week low of $8.08 and a 52-week high of $16.34. The company has a market cap of $9.71 billion, a price-to-earnings ratio of -1.10, a P/E/G ratio of 1.31 and a beta of 0.77. The company has a fifty day moving average price of $11.03 and a two-hundred day moving average price of $10.45.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 EPS for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, equities analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WBA shares. Deutsche Bank Aktiengesellschaft cut shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and dropped their target price for the company from $11.00 to $9.00 in a research note on Friday, February 28th. Truist Financial reduced their target price 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. Wall Street Zen initiated coverage on shares of Walgreens Boots Alliance in a report on Wednesday, May 21st. They issued a "hold" rating for the company. Finally, Wolfe Research upgraded shares of Walgreens Boots Alliance to a "hold" rating in a research report on Monday, February 24th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.59.

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.