Mutual Advisors LLC boosted its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Free Report) by 20.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,617 shares of the pharmacy operator’s stock after buying an additional 2,477 shares during the period. Mutual Advisors LLC’s holdings in Walgreens Boots Alliance were worth $136,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Walgreens Boots Alliance by 43.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,969,188 shares of the pharmacy operator’s stock worth $98,284,000 after buying an additional 3,329,857 shares during the last quarter. Altrius Capital Management Inc boosted its stake in Walgreens Boots Alliance by 76.6% in the 3rd quarter. Altrius Capital Management Inc now owns 440,483 shares of the pharmacy operator’s stock worth $3,947,000 after buying an additional 190,996 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Walgreens Boots Alliance by 23.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 340,431 shares of the pharmacy operator’s stock worth $3,050,000 after buying an additional 64,586 shares during the last quarter. Sasco Capital Inc. CT boosted its stake in Walgreens Boots Alliance by 13.6% in the 3rd quarter. Sasco Capital Inc. CT now owns 1,041,440 shares of the pharmacy operator’s stock worth $9,331,000 after buying an additional 124,950 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Walgreens Boots Alliance by 82.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 139,377 shares of the pharmacy operator’s stock worth $1,249,000 after buying an additional 63,149 shares during the last quarter. 58.59% of the stock is owned by institutional investors and hedge funds.
Walgreens Boots Alliance Stock Performance
Shares of WBA opened at $11.25 on Thursday. The business’s 50 day moving average is $9.96 and its two-hundred day moving average is $9.86. Walgreens Boots Alliance, Inc. has a 52-week low of $8.08 and a 52-week high of $23.76. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of -1.10, a PEG ratio of 1.46 and a beta of 0.64. The company has a quick ratio of 0.30, a current ratio of 0.64 and a debt-to-equity ratio of 0.68.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Bank of America raised their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a research note on Monday, January 13th. Evercore ISI lifted their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an “in-line” rating in a research note on Monday, January 13th. Jefferies Financial Group reduced their price objective on Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen reduced their price objective on Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Barclays lifted their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Walgreens Boots Alliance presently has a consensus rating of “Hold” and an average price target of $13.27.
Check Out Our Latest Stock Report on WBA
Walgreens Boots Alliance Company 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.
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