Elo Mutual Pension Insurance Co Sells 13,782 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Elo Mutual Pension Insurance Co trimmed its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,397 shares of the pharmacy operator’s stock after selling 13,782 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Walgreens Boots Alliance were worth $480,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Walgreens Boots Alliance by 18.0% in the 3rd quarter. State Street Corp now owns 42,997,580 shares of the pharmacy operator’s stock worth $385,258,000 after purchasing an additional 6,569,223 shares during the period. Two Sigma Advisers LP bought a new position in Walgreens Boots Alliance during the third quarter valued at $24,226,000. Vanguard Group Inc. raised its stake in shares of Walgreens Boots Alliance by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 86,335,084 shares of the pharmacy operator’s stock valued at $805,506,000 after acquiring an additional 2,279,495 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Walgreens Boots Alliance by 19.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,155,138 shares of the pharmacy operator’s stock worth $122,737,000 after acquiring an additional 2,185,950 shares during the last quarter. Finally, Amundi boosted its stake in shares of Walgreens Boots Alliance by 70.3% during the 4th quarter. Amundi now owns 4,455,720 shares of the pharmacy operator’s stock worth $41,082,000 after purchasing an additional 1,839,045 shares during the period. Institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Trading Up 0.3 %

NASDAQ WBA opened at $11.19 on Monday. The company’s 50-day simple moving average is $10.83 and its two-hundred day simple moving average is $9.92. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $21.74. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of -1.09, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. 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) last issued its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.13. The company had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. Walgreens Boots Alliance’s 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. Equities analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on WBA. Royal Bank of Canada raised their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 15th. Truist Financial dropped their price objective on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating for the company in a report on Friday, January 31st. Bank of America increased their target price on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a research note on Monday, January 13th. StockNews.com assumed coverage on shares of Walgreens Boots Alliance in a research note on Wednesday, March 26th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and reduced their price target for the stock from $11.00 to $9.00 in a research note on Friday, February 28th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.59.

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.