MONECO Advisors LLC Has $104,000 Stock Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

MONECO Advisors LLC reduced its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,156 shares of the pharmacy operator’s stock after selling 3,708 shares during the quarter. MONECO Advisors LLC’s holdings in Walgreens Boots Alliance were worth $104,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Financial Corp IN grew its holdings in shares of 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 purchasing an additional 885 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the 4th quarter worth $26,000. Venturi Wealth Management LLC acquired a new stake in shares of Walgreens Boots Alliance during the 4th quarter worth $28,000. TD Private Client Wealth LLC lifted its position in shares of Walgreens Boots Alliance by 8,670.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock worth $29,000 after buying an additional 3,208 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in shares of Walgreens Boots Alliance during the 3rd quarter worth $30,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Walgreens Boots Alliance Price Performance

Shares of WBA opened at $11.38 on Wednesday. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $22.05. 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 market capitalization of $9.83 billion, a price-to-earnings ratio of -1.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.64. The business has a 50-day moving average of $10.41 and a 200-day moving average of $9.70.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $39.50 billion during the quarter, compared to the consensus estimate of $37.40 billion. During the same period last year, the company earned $0.66 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial dropped their price objective on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Wolfe Research upgraded Walgreens Boots Alliance to a “hold” rating in a research report on Monday. Bank of America upped their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a research report on Monday, January 13th. Royal Bank of Canada upped their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 15th. Finally, Evercore ISI upped their price objective on 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Walgreens Boots Alliance has a consensus rating of “Hold” and a consensus price target of $12.63.

Walgreens Boots Alliance 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.