Virtu Financial LLC Buys 25,920 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Virtu Financial LLC raised its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 111.8% in the 4th quarter, HoldingsChannel reports. The firm owned 49,094 shares of the pharmacy operator’s stock after purchasing an additional 25,920 shares during the period. Virtu Financial LLC’s holdings in Walgreens Boots Alliance were worth $458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Financial Corp IN boosted its holdings in shares of Walgreens Boots Alliance by 49.2% in 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 in the last quarter. Golden State Wealth Management LLC bought a new stake in Walgreens Boots Alliance in the 4th quarter worth approximately $26,000. Riverview Trust Co boosted its stake in 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 in the last quarter. Venturi Wealth Management LLC bought a new position in Walgreens Boots Alliance during the fourth quarter valued at approximately $28,000. Finally, TD Private Client Wealth LLC raised its stake 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 worth $29,000 after acquiring an additional 3,208 shares in the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WBA shares. Truist Financial cut their price objective on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Bank of America raised their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a research note on Monday, January 13th. Royal Bank of Canada boosted their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 15th. StockNews.com initiated coverage on Walgreens Boots Alliance in a research report on Wednesday. They set a “hold” rating on the stock. Finally, Wolfe Research upgraded Walgreens Boots Alliance to a “hold” rating in a research report on Monday, February 24th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Walgreens Boots Alliance currently has an average rating of “Hold” and an average target price of $10.59.

Walgreens Boots Alliance Price Performance

WBA stock opened at $11.10 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $22.05. The firm has a 50-day moving average of $10.89 and a 200 day moving average of $9.88. The company has a market cap of $9.59 billion, a P/E ratio of -1.08, a PEG ratio of 1.31 and a beta of 0.62.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $39.50 billion during the quarter, compared to analyst estimates of $37.40 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.

About Walgreens Boots Alliance

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.