Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Position Increased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 76.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,076,066 shares of the pharmacy operator's stock after buying an additional 467,699 shares during the period. Worldquant Millennium Advisors LLC owned about 0.12% of Walgreens Boots Alliance worth $10,040,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC acquired a new position in Walgreens Boots Alliance in the 4th quarter worth approximately $141,000. Merit Financial Group LLC acquired a new position in Walgreens Boots Alliance in the 4th quarter worth approximately $326,000. HB Wealth Management LLC boosted its stake in Walgreens Boots Alliance by 128.5% in the 4th quarter. HB Wealth Management LLC now owns 23,228 shares of the pharmacy operator's stock worth $217,000 after purchasing an additional 13,061 shares during the period. Ameritas Advisory Services LLC boosted its stake in Walgreens Boots Alliance by 5.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 73,349 shares of the pharmacy operator's stock worth $684,000 after purchasing an additional 3,859 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Walgreens Boots Alliance by 17.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 175,236 shares of the pharmacy operator's stock worth $1,635,000 after purchasing an additional 25,582 shares during the period. 58.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on WBA. StockNews.com began coverage on shares of Walgreens Boots Alliance in a research note on Wednesday. They issued a "hold" rating for the company. Truist Financial decreased their price objective on shares of 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. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and decreased their price objective for the stock from $11.00 to $9.00 in a research note on Friday, February 28th. 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 issued a buy rating to the company's stock. According to data from MarketBeat, Walgreens Boots Alliance currently has a consensus rating of "Hold" and a consensus target price of $10.59.

Insider Activity

In other Walgreens Boots Alliance news, Chairman Stefano Pessina purchased 832,258 shares of the business's stock in a transaction dated Sunday, April 27th. The shares were acquired at an average price 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 of the company's stock, valued at $1,603,288,079.79. This trade represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.50% of the stock is owned by insiders.

Walgreens Boots Alliance Stock Down 0.4%

Walgreens Boots Alliance stock opened at $11.18 on Thursday. The company has a market capitalization of $9.67 billion, a P/E ratio of -1.09, a P/E/G ratio of 1.31 and a beta of 0.77. The firm's fifty day simple moving average is $11.02 and its 200-day simple moving average is $10.39. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $16.74.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 earnings per share 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 the consensus estimate 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 for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. Sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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.

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