Mitsubishi UFJ Trust & Banking Corp Has $3.35 Million Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 359,052 shares of the pharmacy operator’s stock after selling 31,661 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Walgreens Boots Alliance were worth $3,350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group lifted its holdings in shares of Walgreens Boots Alliance by 21.1% during the fourth quarter. Brooklyn Investment Group now owns 4,757 shares of the pharmacy operator’s stock worth $44,000 after purchasing an additional 830 shares during the period. First Financial Corp IN lifted its holdings in Walgreens Boots Alliance by 49.2% during the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock worth $25,000 after buying an additional 885 shares during the period. CWA Asset Management Group LLC grew its position in shares of Walgreens Boots Alliance by 9.2% in the 4th quarter. CWA Asset Management Group LLC now owns 12,893 shares of the pharmacy operator’s stock valued at $120,000 after buying an additional 1,084 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Walgreens Boots Alliance by 4.9% in the fourth quarter. Metis Global Partners LLC now owns 23,815 shares of the pharmacy operator’s stock valued at $222,000 after buying an additional 1,118 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of Walgreens Boots Alliance by 4.3% during the fourth quarter. Harbour Investments Inc. now owns 28,389 shares of the pharmacy operator’s stock worth $265,000 after acquiring an additional 1,165 shares during the last quarter. 58.59% of the stock is owned by institutional investors.

Walgreens Boots Alliance Stock Down 0.2 %

Shares of NASDAQ WBA opened at $11.17 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. The company has a 50-day moving average price of $10.80 and a 200-day moving average price of $9.93. The stock has a market capitalization of $9.65 billion, a P/E ratio of -1.09, a P/E/G ratio of 1.31 and a beta of 0.62. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $21.74.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, topping the consensus estimate of $0.38 by $0.13. The firm had revenue of $39.50 billion during the quarter, compared to the consensus estimate of $37.40 billion. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America upped their target price on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a report on Monday, January 13th. Evercore ISI increased their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an “in-line” rating in a report on Monday, January 13th. StockNews.com initiated coverage on Walgreens Boots Alliance in a research report on Wednesday, March 26th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a “hold” rating to a “sell” rating and lowered their target price for the stock from $11.00 to $9.00 in a report on Friday, February 28th. Finally, Truist Financial cut their price target on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.59.

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.