618,293 Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 618,293 shares of the pharmacy operator’s stock, valued at approximately $5,769,000. ExodusPoint Capital Management LP owned about 0.07% of Walgreens Boots Alliance as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. First Financial Corp IN lifted its holdings in 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 worth $25,000 after acquiring an additional 885 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Walgreens Boots Alliance during the 4th quarter valued at $26,000. Riverview Trust Co raised its stake in shares of Walgreens Boots Alliance by 123.8% during the 4th quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator’s stock worth $27,000 after purchasing an additional 1,590 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Walgreens Boots Alliance in the 4th quarter worth about $28,000. Finally, TD Private Client Wealth LLC grew its position in 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 during the period. Institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Trading Down 3.4 %

Shares of WBA opened at $10.68 on Friday. Walgreens Boots Alliance, Inc. has a twelve month low of $8.08 and a twelve month high of $19.48. The stock has a market cap of $9.23 billion, a PE ratio of -1.04, a P/E/G ratio of 1.31 and a beta of 0.67. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $10.75 and its 200-day moving average price is $9.98.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. 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. Walgreens Boots Alliance’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. Royal Bank of Canada lifted 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 report on Wednesday, January 15th. StockNews.com initiated coverage on Walgreens Boots Alliance in a report on Thursday. They set a “hold” rating for the company. Wolfe Research upgraded Walgreens Boots Alliance to a “hold” rating in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating and cut their price target for the stock from $11.00 to $9.00 in a research note on Friday, February 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.59.

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.