Schmidt P J Investment Management Inc. Sells 2,709 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Schmidt P J Investment Management Inc. cut its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBAFree Report) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,357 shares of the pharmacy operator’s stock after selling 2,709 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Walgreens Boots Alliance were worth $323,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Walgreens Boots Alliance by 308.4% during the third quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the pharmacy operator’s stock worth $25,000 after acquiring an additional 845 shares in the last quarter. Highlander Capital Management LLC purchased a new stake in shares of Walgreens Boots Alliance in the fourth quarter worth $26,000. Venturi Wealth Management LLC raised its position in shares of Walgreens Boots Alliance by 1,241.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,060 shares of the pharmacy operator’s stock worth $28,000 after buying an additional 981 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in shares of Walgreens Boots Alliance by 2,314.5% in the third quarter. FinTrust Capital Advisors LLC now owns 1,328 shares of the pharmacy operator’s stock worth $30,000 after buying an additional 1,273 shares in the last quarter. Finally, Rocky Mountain Advisers LLC purchased a new stake in Walgreens Boots Alliance during the fourth quarter valued at about $30,000. 58.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Manmohan Mahajan purchased 6,000 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were acquired at an average cost of $19.38 per share, for a total transaction of $116,280.00. Following the acquisition, the chief financial officer now owns 166,969 shares of the company’s stock, valued at $3,235,859.22. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Nancy M. Schlichting sold 15,209 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.05, for a total value of $350,567.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Manmohan Mahajan acquired 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average cost of $19.38 per share, with a total value of $116,280.00. Following the completion of the transaction, the chief financial officer now directly owns 166,969 shares in the company, valued at $3,235,859.22. The disclosure for this purchase can be found here. 17.40% of the stock is owned by company insiders.

Walgreens Boots Alliance Trading Down 1.3 %

Shares of WBA opened at $17.85 on Friday. Walgreens Boots Alliance, Inc. has a twelve month low of $17.70 and a twelve month high of $36.14. The company has a market cap of $15.40 billion, a P/E ratio of -2.55, a P/E/G ratio of 1.12 and a beta of 0.73. The company has a current ratio of 0.66, a quick ratio of 0.32 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $20.90 and its 200-day simple moving average is $22.06.

Walgreens Boots Alliance (NASDAQ:WBAGet Free Report) last posted its quarterly earnings results on Thursday, March 28th. The pharmacy operator reported $1.20 EPS for the quarter, topping the consensus estimate of $0.82 by $0.38. Walgreens Boots Alliance had a negative net margin of 4.18% and a positive return on equity of 12.11%. The company had revenue of $37.05 billion for the quarter, compared to the consensus estimate of $35.86 billion. During the same quarter last year, the firm posted $1.16 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts expect that Walgreens Boots Alliance, Inc. will post 3.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on WBA shares. Leerink Partnrs reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a report on Monday, February 26th. Truist Financial reissued a “hold” rating and issued a $25.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, April 1st. TheStreet raised Walgreens Boots Alliance from a “d+” rating to a “c-” rating in a research report on Monday, January 8th. HSBC reissued a “reduce” rating and issued a $20.00 price target (down from $27.00) on shares of Walgreens Boots Alliance in a research report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Walgreens Boots Alliance has a consensus rating of “Hold” and a consensus price target of $24.36.

View Our Latest Research Report on WBA

About Walgreens Boots Alliance

(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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