Stifel Financial Corp Sells 106,025 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Stifel Financial Corp lowered its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,241 shares of the pharmacy operator's stock after selling 106,025 shares during the period. Stifel Financial Corp's holdings in Walgreens Boots Alliance were worth $3,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC bought a new position in Walgreens Boots Alliance during the 3rd quarter worth about $208,000. Westside Investment Management Inc. grew its stake in shares of Walgreens Boots Alliance by 14.3% in the third quarter. Westside Investment Management Inc. now owns 11,587 shares of the pharmacy operator's stock valued at $104,000 after buying an additional 1,454 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Walgreens Boots Alliance during the third quarter worth $92,000. Franklin Resources Inc. raised its position in Walgreens Boots Alliance by 54.4% during the third quarter. Franklin Resources Inc. now owns 321,425 shares of the pharmacy operator's stock worth $2,893,000 after acquiring an additional 113,242 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Walgreens Boots Alliance by 145.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 51,832 shares of the pharmacy operator's stock valued at $456,000 after acquiring an additional 30,675 shares during the last quarter. Institutional investors own 58.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WBA. Truist Financial dropped their target price on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Bank of America upped their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an "underperform" rating in a research note on Monday, January 13th. Evercore ISI lifted their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an "in-line" rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft cut Walgreens Boots Alliance from a "hold" rating to a "sell" rating and dropped their price target for the company from $11.00 to $9.00 in a research note on Friday, February 28th. Finally, Wolfe Research raised 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.59.

Insider Buying and Selling

In other news, Chairman Stefano Pessina purchased 832,258 shares of Walgreens Boots Alliance stock in a transaction that occurred on 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 transaction, the chairman now owns 145,621,079 shares of the company's stock, valued at approximately $1,603,288,079.79. The trade was a 0.57 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 17.50% of the stock is owned by company insiders.

Walgreens Boots Alliance Stock Performance

Shares of WBA stock traded up $0.02 on Monday, hitting $11.00. The company's stock had a trading volume of 5,885,054 shares, compared to its average volume of 21,037,605. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $18.83. The company has a market capitalization of $9.51 billion, a PE ratio of -1.07, a PEG ratio of 1.31 and a beta of 0.77. The stock's 50 day moving average is $10.97 and its 200-day moving average is $10.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.30 and a current ratio of 0.64.

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 company had revenue of $38.59 billion during 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%. The firm's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. Equities research analysts expect 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.