Fulton Bank N.A. Reduces Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Fulton Bank N.A. cut its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 84.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,294 shares of the pharmacy operator’s stock after selling 96,558 shares during the quarter. Fulton Bank N.A.’s holdings in Walgreens Boots Alliance were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Bontempo Ohly Capital Mgmt LLC boosted its stake in shares of Walgreens Boots Alliance by 9.9% in the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 111,428 shares of the pharmacy operator’s stock worth $2,909,000 after buying an additional 10,013 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 18.3% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 28,836 shares of the pharmacy operator’s stock valued at $753,000 after purchasing an additional 4,464 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Walgreens Boots Alliance during the 4th quarter valued at approximately $1,607,000. WNY Asset Management LLC lifted its stake in shares of Walgreens Boots Alliance by 5.1% in the 4th quarter. WNY Asset Management LLC now owns 150,974 shares of the pharmacy operator’s stock valued at $3,942,000 after purchasing an additional 7,273 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Walgreens Boots Alliance during the fourth quarter worth $200,000. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WBA has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. TD Cowen lowered their price target on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Truist Financial cut their price objective on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Monday. Barclays decreased their target price on Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 23rd. Finally, UBS Group cut their price target on shares of Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walgreens Boots Alliance currently has an average rating of “Hold” and an average price target of $13.63.

Walgreens Boots Alliance Price Performance

Walgreens Boots Alliance stock opened at $9.03 on Friday. The company has a fifty day simple moving average of $9.55 and a 200-day simple moving average of $13.61. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of -1.34, a PEG ratio of 0.99 and a beta of 0.70. Walgreens Boots Alliance, Inc. has a 52-week low of $8.22 and a 52-week high of $27.05.

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.