Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.42 Million Stock Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 152,590 shares of the pharmacy operator’s stock after selling 3,389 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Walgreens Boots Alliance were worth $1,424,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WBA. First Financial Corp IN raised its holdings 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. Golden State Wealth Management LLC purchased a new position in Walgreens Boots Alliance during the 4th quarter worth approximately $26,000. Riverview Trust Co boosted its position in shares of Walgreens Boots Alliance by 123.8% in the fourth quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator’s stock worth $27,000 after buying an additional 1,590 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter worth $28,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Walgreens Boots Alliance by 8,670.3% during the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after buying an additional 3,208 shares in the last quarter. 58.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WBA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $11.00 to $9.00 in a research note on Friday, February 28th. Royal Bank of Canada increased their price target on shares of 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. Bank of America boosted their price objective on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a research report on Monday, January 13th. Evercore ISI lifted their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. Finally, StockNews.com began coverage on shares of Walgreens Boots Alliance in a research note on Wednesday. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $10.59.

Walgreens Boots Alliance Trading Down 0.3 %

Walgreens Boots Alliance stock opened at $11.12 on Wednesday. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $22.05. The company’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $9.87. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of -1.09, a PEG ratio of 1.31 and a beta of 0.62.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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.