Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 482,026 shares of the pharmacy operator’s stock after selling 24,140 shares during the period. Pictet Asset Management Holding SA’s holdings in Walgreens Boots Alliance were worth $4,497,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the third quarter valued at about $109,000. The Manufacturers Life Insurance Company boosted its holdings in Walgreens Boots Alliance by 31.0% in the third quarter. The Manufacturers Life Insurance Company now owns 572,192 shares of the pharmacy operator’s stock valued at $5,127,000 after purchasing an additional 135,343 shares during the last quarter. FMR LLC grew its stake in Walgreens Boots Alliance by 2.5% during the 3rd quarter. FMR LLC now owns 3,258,919 shares of the pharmacy operator’s stock valued at $29,200,000 after purchasing an additional 80,525 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Walgreens Boots Alliance by 17.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 28,926 shares of the pharmacy operator’s stock valued at $259,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Walgreens Boots Alliance during the 3rd quarter valued at approximately $279,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WBA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut 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. Wolfe Research raised shares of Walgreens Boots Alliance to a “hold” rating in a research report on Monday, February 24th. StockNews.com started coverage on Walgreens Boots Alliance in a report on Thursday. They issued a “hold” rating for the company. Truist Financial reduced their target price on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Bank of America boosted their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.59.

Walgreens Boots Alliance Stock Down 3.4 %

WBA stock opened at $10.68 on Friday. The stock has a market cap of $9.23 billion, a PE ratio of -1.04, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The firm’s 50-day simple moving average is $10.75 and its 200 day simple moving average is $9.97. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $19.48. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 0.68.

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

Walgreens Boots Alliance Company 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.