KBC Group NV Sells 7,667 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

KBC Group NV decreased its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 11.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,104 shares of the pharmacy operator’s stock after selling 7,667 shares during the period. KBC Group NV’s holdings in Walgreens Boots Alliance were worth $580,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC bought a new position in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $184,000. Sound Income Strategies LLC boosted its stake in Walgreens Boots Alliance by 4.8% during the fourth quarter. Sound Income Strategies LLC now owns 507,213 shares of the pharmacy operator’s stock worth $4,732,000 after acquiring an additional 23,373 shares in the last quarter. Silver Lake Advisory LLC acquired a new stake in Walgreens Boots Alliance in the fourth quarter worth $102,000. Mutual Advisors LLC increased its stake in Walgreens Boots Alliance by 20.4% in the fourth quarter. Mutual Advisors LLC now owns 14,617 shares of the pharmacy operator’s stock valued at $136,000 after purchasing an additional 2,477 shares in the last quarter. Finally, Independent Wealth Network Inc. acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter valued at about $105,000. Institutional investors own 58.59% of the company’s stock.

Wall Street Analysts Forecast Growth

WBA has been the topic of a number of research reports. Morgan Stanley lowered their target price on Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Jefferies Financial Group reduced their price objective on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. TD Cowen dropped their price target on shares of Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a report on Monday, January 13th. Finally, Barclays increased their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Walgreens Boots Alliance currently has an average rating of “Hold” and an average price target of $13.19.

Walgreens Boots Alliance Trading Down 10.3 %

NASDAQ:WBA opened at $10.28 on Monday. The company has a market capitalization of $8.88 billion, a P/E ratio of -1.00, a PEG ratio of 1.41 and a beta of 0.64. 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, Inc. has a 12 month low of $8.08 and a 12 month high of $23.76. The firm has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $9.85.

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 positive return on equity of 17.61% and a negative net margin of 5.87%. The company had revenue of $39.50 billion for the quarter, compared to the consensus estimate of $37.40 billion. During the same period last year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current 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.