American National Bank grew its stake in Walgreens Boots Alliance Inc (NASDAQ:WBA) by 54.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,001 shares of the pharmacy operator’s stock after purchasing an additional 22,965 shares during the quarter. American National Bank’s holdings in Walgreens Boots Alliance were worth $4,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new stake in Walgreens Boots Alliance during the 1st quarter valued at about $8,716,000. First Citizens Bank & Trust Co. boosted its holdings in shares of Walgreens Boots Alliance by 4.3% during the 1st quarter. First Citizens Bank & Trust Co. now owns 47,001 shares of the pharmacy operator’s stock valued at $2,974,000 after acquiring an additional 1,943 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Walgreens Boots Alliance during the 1st quarter valued at about $312,000. Valeo Financial Advisors LLC boosted its holdings in shares of Walgreens Boots Alliance by 20.7% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,904 shares of the pharmacy operator’s stock valued at $184,000 after acquiring an additional 499 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Walgreens Boots Alliance by 38.5% during the 1st quarter. Capital Investment Advisors LLC now owns 8,442 shares of the pharmacy operator’s stock valued at $534,000 after acquiring an additional 2,348 shares during the last quarter. Institutional investors and hedge funds own 63.07% of the company’s stock.

In related news, COO Ornella Barra acquired 18,000 shares of Walgreens Boots Alliance stock in a transaction dated Wednesday, April 3rd. The shares were purchased at an average price of $54.56 per share, for a total transaction of $982,080.00. Following the completion of the transaction, the chief operating officer now directly owns 26,425 shares in the company, valued at approximately $1,441,748. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.73% of the company’s stock.

A number of research firms recently issued reports on WBA. BidaskClub downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. UBS Group dropped their price objective on shares of Walgreens Boots Alliance from $70.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, March 4th. Cowen reissued a “hold” rating and issued a $66.00 price objective on shares of Walgreens Boots Alliance in a report on Sunday, March 31st. Barclays dropped their price objective on shares of Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Finally, Mizuho set a $67.00 price target on shares of Walgreens Boots Alliance and gave the company a “hold” rating in a report on Thursday, March 28th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $68.50.

Shares of NASDAQ:WBA opened at $53.45 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 0.50. Walgreens Boots Alliance Inc has a 1-year low of $53.32 and a 1-year high of $86.31. The company has a market cap of $48.86 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.09 and a beta of 0.86.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.06). The company had revenue of $34.53 billion for the quarter, compared to the consensus estimate of $34.57 billion. Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. On average, equities research analysts predict that Walgreens Boots Alliance Inc will post 5.99 EPS for the current fiscal year.

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Walgreens Boots Alliance Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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