Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 10.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 64,396 shares of the pharmacy operator’s stock after buying an additional 5,849 shares during the quarter. Money Concepts Capital Corp’s holdings in Walgreens Boots Alliance were worth $601,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brooklyn Investment Group boosted its stake in shares of Walgreens Boots Alliance by 21.1% in the fourth quarter. Brooklyn Investment Group now owns 4,757 shares of the pharmacy operator’s stock valued at $44,000 after purchasing an additional 830 shares during the period. First Financial Corp IN boosted its stake in shares of Walgreens Boots Alliance by 49.2% in the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock valued at $25,000 after purchasing an additional 885 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Walgreens Boots Alliance by 4.4% in the third quarter. Sequoia Financial Advisors LLC now owns 25,215 shares of the pharmacy operator’s stock valued at $226,000 after purchasing an additional 1,063 shares during the period. Lincluden Management Ltd. boosted its stake in shares of Walgreens Boots Alliance by 0.4% in the third quarter. Lincluden Management Ltd. now owns 264,644 shares of the pharmacy operator’s stock valued at $2,371,000 after purchasing an additional 1,074 shares during the period. Finally, CWA Asset Management Group LLC boosted its stake in shares of Walgreens Boots Alliance by 9.2% in the fourth quarter. CWA Asset Management Group LLC now owns 12,893 shares of the pharmacy operator’s stock valued at $120,000 after purchasing an additional 1,084 shares during the period. Institutional investors and hedge funds own 58.59% of the company’s stock.

Wall Street Analyst Weigh In

WBA has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, October 11th. Truist Financial reduced their price objective on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. UBS Group increased their price objective on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group reduced their price objective on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada increased 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. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus price target of $13.19.

Walgreens Boots Alliance Stock Performance

WBA stock opened at $10.05 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.30 and a current ratio of 0.64. The stock has a market cap of $8.68 billion, a P/E ratio of -0.98, a P/E/G ratio of 1.28 and a beta of 0.64. The firm has a 50 day simple moving average of $10.18 and a 200 day simple moving average of $9.82. Walgreens Boots Alliance, Inc. has a 52 week low of $8.08 and a 52 week high of $23.76.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly 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. The business had revenue of $39.50 billion during the quarter, compared to analysts’ expectations of $37.40 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 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. Research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

About Walgreens Boots Alliance

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.