Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 106.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 703,344 shares of the pharmacy operator’s stock after purchasing an additional 362,913 shares during the quarter. PNC Financial Services Group Inc. owned about 0.08% of Walgreens Boots Alliance worth $6,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Financial Corp IN raised its position in shares of Walgreens Boots Alliance by 49.2% during the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock worth $25,000 after purchasing an additional 885 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $26,000. Riverview Trust Co raised its position in shares of Walgreens Boots Alliance by 123.8% during the 4th quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator’s stock worth $27,000 after purchasing an additional 1,590 shares during the period. Venturi Wealth Management LLC bought a new position in Walgreens Boots Alliance in the 4th quarter worth approximately $28,000. Finally, TD Private Client Wealth LLC grew its holdings in 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 worth $29,000 after buying an additional 3,208 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Walgreens Boots Alliance Stock Performance

Shares of NASDAQ WBA opened at $11.20 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of -1.09, a PEG ratio of 1.31 and a beta of 0.62. The stock’s fifty day simple moving average is $10.75 and its 200 day simple moving average is $9.74. Walgreens Boots Alliance, Inc. has a 52-week low of $8.08 and a 52-week high of $22.05.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on WBA. Deutsche Bank Aktiengesellschaft lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $11.00 to $9.00 in a report on Friday, February 28th. Wolfe Research raised Walgreens Boots Alliance to a “hold” rating in a report on Monday, February 24th. Truist Financial decreased 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 price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada increased their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 15th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.54.

Walgreens Boots Alliance 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.