Walgreens Boots Alliance (NASDAQ:WBA) Trading Down 1% – Time to Sell?

Walgreens Boots Alliance, Inc. (NASDAQ:WBA)’s share price dropped 1% during mid-day trading on Monday . The company traded as low as $10.45 and last traded at $10.68. Approximately 4,681,603 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 17,092,639 shares. The stock had previously closed at $10.79.

Wall Street Analyst Weigh In

WBA has been the subject of a number of research analyst reports. UBS Group increased their target price on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday. Evercore ISI increased their target price on shares of Walgreens Boots Alliance from $7.50 to $10.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Royal Bank of Canada dropped their target price on shares of Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating for the company in a report on Tuesday, July 2nd. Finally, TD Cowen dropped their price objective on shares of Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.38.

Walgreens Boots Alliance Stock Performance

The stock’s 50 day moving average price is $9.41 and its 200 day moving average price is $13.06. The company has a current ratio of 0.68, a quick ratio of 0.31 and a debt-to-equity ratio of 0.67. The firm has a market cap of $9.15 billion, a PE ratio of -1.07, a P/E/G ratio of 1.37 and a beta of 0.70.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $37.50 billion during the quarter, compared to the consensus estimate of $35.75 billion. Walgreens Boots Alliance had a negative net margin of 5.85% and a positive return on equity of 14.23%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. As a group, equities analysts forecast that Walgreens Boots Alliance, Inc. will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Direct Indexing L.P. raised its holdings in shares of Walgreens Boots Alliance by 1.9% during the first quarter. First Trust Direct Indexing L.P. now owns 32,085 shares of the pharmacy operator’s stock valued at $696,000 after acquiring an additional 597 shares during the period. Buckley Wealth Management LLC grew its position in Walgreens Boots Alliance by 2.1% in the first quarter. Buckley Wealth Management LLC now owns 37,335 shares of the pharmacy operator’s stock worth $810,000 after acquiring an additional 785 shares in the last quarter. FinTrust Capital Advisors LLC grew its position in Walgreens Boots Alliance by 60.4% in the first quarter. FinTrust Capital Advisors LLC now owns 2,130 shares of the pharmacy operator’s stock worth $46,000 after acquiring an additional 802 shares in the last quarter. True Vision MN LLC boosted its holdings in shares of Walgreens Boots Alliance by 3.3% during the 1st quarter. True Vision MN LLC now owns 26,137 shares of the pharmacy operator’s stock worth $567,000 after buying an additional 830 shares during the period. Finally, Redwood Investment Management LLC grew its holdings in Walgreens Boots Alliance by 0.9% in the 1st quarter. Redwood Investment Management LLC now owns 99,661 shares of the pharmacy operator’s stock valued at $2,162,000 after buying an additional 850 shares during the last quarter. 58.59% of the stock is owned by institutional investors and hedge funds.

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.