Man Group plc grew its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 53.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,855,898 shares of the pharmacy operator's stock after purchasing an additional 645,358 shares during the quarter. Man Group plc owned approximately 0.21% of Walgreens Boots Alliance worth $17,316,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $26,000. Riverview Trust Co lifted its stake in shares of Walgreens Boots Alliance by 123.8% in the 4th quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator's stock worth $27,000 after acquiring an additional 1,590 shares during the period. Colonial Trust Co SC lifted its stake in shares of Walgreens Boots Alliance by 79.5% in the 4th quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator's stock worth $27,000 after acquiring an additional 1,297 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $28,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 58.59% of the company's stock.
Walgreens Boots Alliance Price Performance
Shares of NASDAQ:WBA traded down $0.02 during trading on Tuesday, hitting $11.23. 4,474,793 shares of the company's stock were exchanged, compared to its average volume of 21,037,363. 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 52-week low of $8.08 and a 52-week high of $17.81. The business's 50-day simple moving average is $11.03 and its 200 day simple moving average is $10.38. The company has a market cap of $9.71 billion, a price-to-earnings ratio of -1.10, a PEG ratio of 1.31 and a beta of 0.77.
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 the consensus estimate of $0.53 by $0.10. The business had revenue of $38.59 billion during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. As a group, equities analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.
Analyst Ratings Changes
WBA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and cut their price target for the company from $11.00 to $9.00 in a report on Friday, February 28th. StockNews.com assumed coverage on shares of Walgreens Boots Alliance in a research note on Tuesday, May 13th. They issued a "hold" rating on the stock. Wolfe Research upgraded shares of Walgreens Boots Alliance to a "hold" rating in a research note on Monday, February 24th. Finally, Truist Financial decreased their target price on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Four investment 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, Walgreens Boots Alliance currently has an average rating of "Hold" and an average target price of $10.59.
Read Our Latest Stock Report on WBA
Insider Buying and Selling at Walgreens Boots Alliance
In related news, Chairman Stefano Pessina purchased 832,258 shares of Walgreens Boots Alliance stock in a transaction dated Sunday, April 27th. The stock was purchased at an average cost of $11.01 per share, with a total value of $9,163,160.58. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.50% of the stock is currently owned by company insiders.
Walgreens Boots Alliance Profile
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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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