Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,617 shares of the pharmacy operator’s stock after selling 1,689 shares during the period. OLD National Bancorp IN’s holdings in Walgreens Boots Alliance were worth $267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Financial Corp IN raised its position in shares of Walgreens Boots Alliance by 49.2% during the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock worth $25,000 after purchasing an additional 885 shares during the period. TD Private Client Wealth LLC lifted its stake in Walgreens Boots Alliance by 8,670.3% during the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after buying an additional 3,208 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Walgreens Boots Alliance in the third quarter worth approximately $30,000. Eastern Bank purchased a new stake in shares of Walgreens Boots Alliance in the 3rd quarter valued at approximately $33,000. Finally, Brooklyn Investment Group acquired a new position in Walgreens Boots Alliance in the 3rd quarter worth approximately $35,000. 58.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on WBA shares. UBS Group raised their target price on Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Bank of America upped their target price on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a report on Monday, January 13th. Morgan Stanley decreased their price target on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, October 11th. Royal Bank of Canada upped their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 15th. Finally, TD Cowen decreased their target price on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.19.

Walgreens Boots Alliance Stock Down 10.3 %

Shares of Walgreens Boots Alliance stock opened at $10.28 on Monday. Walgreens Boots Alliance, Inc. has a 12-month low of $8.08 and a 12-month high of $23.76. The stock has a market capitalization of $8.88 billion, a P/E ratio of -1.00, a PEG ratio of 1.41 and a beta of 0.64. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $10.12 and a two-hundred day moving average price of $9.85.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, topping the consensus estimate of $0.38 by $0.13. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The firm had revenue of $39.50 billion for the quarter, compared to the consensus estimate of $37.40 billion. During the same quarter last year, the firm posted $0.66 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current 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.