Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 2,000 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBAFree Report) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,710 shares of the pharmacy operator’s stock after selling 2,000 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Walgreens Boots Alliance were worth $119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Financial Corp IN lifted its stake in shares of Walgreens Boots Alliance by 49.2% during the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock valued at $25,000 after acquiring an additional 885 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Walgreens Boots Alliance during the 2nd quarter valued at about $34,000. TD Private Client Wealth LLC boosted its stake in shares of Walgreens Boots Alliance by 8,670.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after purchasing an additional 3,208 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the 3rd quarter worth approximately $30,000. Finally, Eastern Bank bought a new stake in shares of Walgreens Boots Alliance during the third quarter worth approximately $33,000. Institutional investors own 58.59% of the company’s stock.

Analyst Ratings Changes

WBA has been the subject of a number of analyst reports. Truist Financial lifted their target price on shares of Walgreens Boots Alliance from $10.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Evercore ISI lifted their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an “in-line” rating in a research note on Monday, January 13th. UBS Group increased their target price on Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 15th. Finally, Bank of America lifted their price objective on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.27.

View Our Latest Stock Report on Walgreens Boots Alliance

Walgreens Boots Alliance Trading Up 1.9 %

NASDAQ WBA opened at $11.46 on Friday. Walgreens Boots Alliance, Inc. has a 52 week low of $8.08 and a 52 week high of $23.76. The stock’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $9.87. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of -1.12, a PEG ratio of 1.46 and a beta of 0.64. 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:WBAGet Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $37.40 billion. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. Walgreens Boots Alliance’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. As a group, analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.59 earnings per share for the current fiscal year.

Walgreens Boots Alliance Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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