8 Knots Management LLC Sells 3,830,910 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

8 Knots Management LLC lessened its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 53.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,349,363 shares of the pharmacy operator’s stock after selling 3,830,910 shares during the quarter. Walgreens Boots Alliance accounts for approximately 3.1% of 8 Knots Management LLC’s holdings, making the stock its 12th biggest holding. 8 Knots Management LLC owned approximately 0.39% of Walgreens Boots Alliance worth $31,250,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WBA. Virtu Financial LLC acquired a new stake in shares of Walgreens Boots Alliance during the 3rd quarter worth about $208,000. Westside Investment Management Inc. increased its holdings in shares of Walgreens Boots Alliance by 14.3% during the third quarter. Westside Investment Management Inc. now owns 11,587 shares of the pharmacy operator’s stock worth $104,000 after buying an additional 1,454 shares in the last quarter. Wealthquest Corp bought a new position in shares of Walgreens Boots Alliance in the third quarter valued at approximately $130,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Walgreens Boots Alliance in the 3rd quarter worth approximately $92,000. Finally, Franklin Resources Inc. grew its position in Walgreens Boots Alliance by 54.4% during the 3rd quarter. Franklin Resources Inc. now owns 321,425 shares of the pharmacy operator’s stock worth $2,893,000 after acquiring an additional 113,242 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on WBA shares. Evercore ISI boosted 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. Wolfe Research raised shares of Walgreens Boots Alliance to a “hold” rating in a report on Monday, February 24th. Royal Bank of Canada boosted their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 15th. Truist Financial decreased their price target on shares of 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, Deutsche Bank Aktiengesellschaft cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $11.00 to $9.00 in a research report on Friday, February 28th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.59.

Walgreens Boots Alliance Stock Down 0.4 %

NASDAQ:WBA opened at $10.97 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 0.68. Walgreens Boots Alliance, Inc. has a 12-month low of $8.08 and a 12-month high of $18.83. The stock’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $10.24. The firm has a market capitalization of $9.49 billion, a P/E ratio of -1.07, a P/E/G ratio of 1.31 and a beta of 0.67.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.10. The company had revenue of $38.59 billion during the quarter, compared to analyst estimates of $37.90 billion. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. Equities research analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

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.