Country Trust Bank Reduces Holdings in Walgreens Boots Alliance Inc (WBA)

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Country Trust Bank cut its position in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,135 shares of the pharmacy operator’s stock after selling 714 shares during the quarter. Country Trust Bank’s holdings in Walgreens Boots Alliance were worth $451,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Massey Quick Simon & CO. LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $27,000. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $29,000. Cornerstone Advisors Inc. increased its stake in shares of Walgreens Boots Alliance by 102.4% in the third quarter. Cornerstone Advisors Inc. now owns 423 shares of the pharmacy operator’s stock valued at $31,000 after buying an additional 214 shares during the period. PRW Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $34,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 65.05% of the company’s stock.

NASDAQ WBA traded down $0.52 during trading hours on Wednesday, hitting $54.32. 2,366,565 shares of the company’s stock were exchanged, compared to its average volume of 8,730,617. Walgreens Boots Alliance Inc has a 1-year low of $53.32 and a 1-year high of $86.31. The stock has a market capitalization of $50.14 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.78 and a quick ratio of 0.38.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The business had revenue of $34.53 billion for the quarter, compared to analyst estimates of $34.57 billion. During the same period in the prior year, the business earned $1.73 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts expect that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current year.

In other news, COO Ornella Barra acquired 18,000 shares of Walgreens Boots Alliance stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average price of $54.56 per share, with a total value of $982,080.00. Following the completion of the purchase, the chief operating officer now owns 26,425 shares of the company’s stock, valued at approximately $1,441,748. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 15.73% of the company’s stock.

WBA has been the subject of several recent research reports. Needham & Company LLC raised Walgreens Boots Alliance to a “buy” rating and set a $94.00 price target for the company in a research note on Thursday, December 20th. Loop Capital set a $82.00 target price on Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Thursday, December 20th. BidaskClub cut Walgreens Boots Alliance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 18th. TheStreet cut Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research note on Friday, March 29th. Finally, Morgan Stanley decreased their target price on Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Walgreens Boots Alliance presently has an average rating of “Hold” and an average price target of $68.50.

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Walgreens Boots Alliance Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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

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