OLD Point Trust & Financial Services N A Decreases Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

OLD Point Trust & Financial Services N A reduced its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,091 shares of the pharmacy operator’s stock after selling 2,030 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Walgreens Boots Alliance were worth $75,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. First Financial Corp IN boosted its position in Walgreens Boots Alliance by 49.2% in the fourth 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 during the last quarter. Golden State Wealth Management LLC bought a new stake in Walgreens Boots Alliance during the fourth quarter valued at approximately $26,000. Riverview Trust Co increased its holdings in Walgreens Boots Alliance by 123.8% during 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 last quarter. Venturi Wealth Management LLC purchased a new stake in Walgreens Boots Alliance during the fourth quarter valued at approximately $28,000. Finally, TD Private Client Wealth LLC boosted its stake 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 acquiring an additional 3,208 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. 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 note on Monday, January 13th. Wolfe Research raised Walgreens Boots Alliance to a “hold” rating in a research note on Monday, February 24th. Truist Financial reduced their target price on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating for the company in a report on Friday, January 31st. Bank of America lifted their price target on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and lowered their target price for the company from $11.00 to $9.00 in a research note on Friday, February 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Walgreens Boots Alliance has a consensus rating of “Hold” and an average price target of $10.59.

Walgreens Boots Alliance Stock Performance

NASDAQ:WBA opened at $11.16 on Thursday. The company has a market cap of $9.64 billion, a price-to-earnings ratio of -1.09, a PEG 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 $22.05. The stock’s 50 day simple moving average is $10.93 and its two-hundred day simple moving average is $9.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $39.50 billion for the quarter, compared to analysts’ expectations of $37.40 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. Walgreens Boots Alliance’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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.