Global Retirement Partners LLC Sells 861 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Global Retirement Partners LLC lessened its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBAFree Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,029 shares of the pharmacy operator’s stock after selling 861 shares during the period. Global Retirement Partners LLC’s holdings in Walgreens Boots Alliance were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Milestone Investment Advisors LLC bought a new position in Walgreens Boots Alliance during the 1st quarter valued at approximately $31,000. Penserra Capital Management LLC bought a new position in Walgreens Boots Alliance during the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC raised its position in Walgreens Boots Alliance by 308.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the pharmacy operator’s stock valued at $25,000 after purchasing an additional 845 shares during the last quarter. Financial Freedom LLC bought a new position in Walgreens Boots Alliance during the 4th quarter valued at approximately $46,000. Finally, Compass Wealth Management LLC bought a new position in Walgreens Boots Alliance during the 4th quarter valued at approximately $47,000. Institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Price Performance

Shares of WBA opened at $18.72 on Wednesday. Walgreens Boots Alliance, Inc. has a 1-year low of $18.67 and a 1-year high of $36.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.66 and a quick ratio of 0.32. The firm has a market capitalization of $16.14 billion, a PE ratio of -2.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. The company’s fifty day moving average price is $21.65 and its 200-day moving average price is $22.26.

Walgreens Boots Alliance (NASDAQ:WBAGet Free Report) last posted its earnings results on Thursday, March 28th. The pharmacy operator reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.38. Walgreens Boots Alliance had a negative net margin of 4.18% and a positive return on equity of 12.11%. The business had revenue of $37.05 billion for the quarter, compared to analyst estimates of $35.86 billion. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts predict that Walgreens Boots Alliance, Inc. will post 3.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on WBA. Barclays began coverage on Walgreens Boots Alliance in a research report on Wednesday, January 3rd. They set an “underweight” rating and a $21.00 price target for the company. TheStreet raised Walgreens Boots Alliance from a “d+” rating to a “c-” rating in a research report on Monday, January 8th. Truist Financial reissued a “hold” rating and issued a $25.00 target price on shares of Walgreens Boots Alliance in a research report on Monday. HSBC reissued a “reduce” rating and issued a $20.00 target price (down previously from $27.00) on shares of Walgreens Boots Alliance in a research report on Tuesday, February 20th. Finally, Bank of America decreased their target price on Walgreens Boots Alliance from $23.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.92.

View Our Latest Analysis on WBA

Insider Buying and Selling at Walgreens Boots Alliance

In other Walgreens Boots Alliance news, Director Nancy M. Schlichting sold 15,209 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $23.05, for a total value of $350,567.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walgreens Boots Alliance news, CEO Timothy C. Wentworth bought 10,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was bought at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the completion of the transaction, the chief executive officer now owns 585,122 shares in the company, valued at approximately $14,171,654.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy M. Schlichting sold 15,209 shares of Walgreens Boots Alliance stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.05, for a total transaction of $350,567.45. The disclosure for this sale can be found here. In the last quarter, insiders acquired 20,456 shares of company stock worth $458,473. Insiders own 17.40% of the company’s stock.

Walgreens Boots Alliance Profile

(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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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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