Elo Mutual Pension Insurance Co Lowers Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Elo Mutual Pension Insurance Co trimmed its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 21.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC purchased a new position in Walgreens Boots Alliance in the 3rd quarter worth approximately $109,000. The Manufacturers Life Insurance Company raised its stake in shares of 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 worth $5,127,000 after purchasing an additional 135,343 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Walgreens Boots Alliance by 2.6% during the third quarter. D.A. Davidson & CO. now owns 127,776 shares of the pharmacy operator’s stock valued at $1,145,000 after buying an additional 3,203 shares during the last quarter. FMR LLC increased its holdings in Walgreens Boots Alliance by 2.5% in the 3rd quarter. FMR LLC now owns 3,258,919 shares of the pharmacy operator’s stock worth $29,200,000 after buying an additional 80,525 shares in the last quarter. Finally, Bridgewater Associates LP bought a new stake in Walgreens Boots Alliance in the 3rd quarter worth about $160,000. 58.59% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance Trading Up 0.3 %

Walgreens Boots Alliance stock opened at $11.19 on Monday. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of -1.09, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $10.83 and a 200 day moving average of $9.92. Walgreens Boots Alliance, Inc. has a 12-month low of $8.08 and a 12-month high of $21.74.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The business had revenue of $39.50 billion during 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%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. As a group, research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wolfe Research raised shares of Walgreens Boots Alliance to a “hold” rating in a report on Monday, February 24th. Bank of America raised their target price on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a report on Monday, January 13th. StockNews.com assumed coverage on Walgreens Boots Alliance in a report on Wednesday, March 26th. They set a “hold” rating on the stock. Truist Financial dropped their price target on 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. Finally, Royal Bank of Canada upped their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.