27,112 Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Bought by Range Financial Group LLC

Range Financial Group LLC purchased a new stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,112 shares of the pharmacy operator’s stock, valued at approximately $303,000.

A number of other institutional investors have also bought and sold shares of WBA. Curat Global LLC bought a new position in shares of Walgreens Boots Alliance in the 1st quarter worth about $27,000. Sentry Investment Management LLC acquired a new stake in Walgreens Boots Alliance during the first quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in Walgreens Boots Alliance in the fourth quarter worth approximately $26,000. Riverview Trust Co lifted 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 valued at $27,000 after buying an additional 1,590 shares during the period. Finally, Colonial Trust Co SC boosted its holdings in shares of Walgreens Boots Alliance by 79.5% during the 4th quarter. Colonial Trust Co SC now owns 2,928 shares of the pharmacy operator’s stock worth $27,000 after buying an additional 1,297 shares in the last quarter. Institutional investors own 58.59% of the company’s stock.

Insider Transactions at Walgreens Boots Alliance

In other news, Chairman Stefano Pessina acquired 832,258 shares of the business’s stock in a transaction on Sunday, April 27th. The shares were purchased at an average cost of $11.01 per share, with a total value of $9,163,160.58. Following the acquisition, the chairman now directly owns 145,621,079 shares of the company’s stock, valued at $1,603,288,079.79. The trade was a 0.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 17.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WBA shares. Wolfe Research upgraded shares of Walgreens Boots Alliance to a “hold” rating in a research note on Monday, February 24th. Wall Street Zen initiated coverage on shares of Walgreens Boots Alliance in a report on Wednesday, May 21st. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and dropped their price objective for the company from $11.00 to $9.00 in a report on Friday, February 28th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.59.

Walgreens Boots Alliance Stock Up 0.7%

Walgreens Boots Alliance stock opened at $11.33 on Tuesday. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of -1.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.78. The firm’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $10.62. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $16.25. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.10. The business had revenue of $38.59 billion for the quarter, compared to analysts’ expectations of $37.90 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. On average, equities research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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.