Walgreens Boots Alliance (NASDAQ:WBA) Stock Price Up 0.3% – Here’s What Happened

Walgreens Boots Alliance, Inc. (NASDAQ:WBA)’s share price rose 0.3% during trading on Friday . The stock traded as high as $9.12 and last traded at $9.06. Approximately 4,690,716 shares changed hands during trading, a decline of 71% from the average daily volume of 16,365,404 shares. The stock had previously closed at $9.03.

Wall Street Analyst Weigh In

WBA has been the topic of several research analyst reports. Truist Financial lowered their price target on shares of Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating on the stock in a report on Monday, October 7th. Barclays lowered their price target on shares of Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. TD Cowen lowered their price target on shares of Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Morgan Stanley lowered their price target on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.46.

Walgreens Boots Alliance Price Performance

The company has a market capitalization of $7.95 billion, a P/E ratio of -1.37, a PEG ratio of 1.04 and a beta of 0.70. The stock’s fifty day simple moving average is $9.45 and its 200-day simple moving average is $13.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.31.

Institutional Trading of Walgreens Boots Alliance

Several hedge funds have recently added to or reduced their stakes in WBA. Pineridge Advisors LLC acquired a new stake in Walgreens Boots Alliance in the 4th quarter worth $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Walgreens Boots Alliance in the first quarter valued at about $35,000. Iron Horse Wealth Management LLC grew its position in Walgreens Boots Alliance by 162.5% during the second quarter. Iron Horse Wealth Management LLC now owns 2,100 shares of the pharmacy operator’s stock worth $25,000 after buying an additional 1,300 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in Walgreens Boots Alliance by 60.4% during the first quarter. FinTrust Capital Advisors LLC now owns 2,130 shares of the pharmacy operator’s stock valued at $46,000 after acquiring an additional 802 shares during the period. Finally, Blue Trust Inc. raised its holdings in Walgreens Boots Alliance by 87.0% in the 2nd quarter. Blue Trust Inc. now owns 2,324 shares of the pharmacy operator’s stock valued at $28,000 after acquiring an additional 1,081 shares in the last quarter. Institutional investors own 58.59% of the company’s stock.

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.