Tokio Marine Asset Management Co. Ltd. Has $286,000 Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 21.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,677 shares of the pharmacy operator’s stock after purchasing an additional 5,334 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Walgreens Boots Alliance were worth $286,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First Financial Corp IN boosted its stake 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 valued at $25,000 after buying an additional 885 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Walgreens Boots Alliance by 8,670.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after purchasing an additional 3,208 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Walgreens Boots Alliance during the 3rd quarter worth approximately $30,000. Eastern Bank acquired a new position in Walgreens Boots Alliance during the 3rd quarter worth approximately $33,000. Finally, Brooklyn Investment Group bought a new position in Walgreens Boots Alliance in the 3rd quarter valued at approximately $35,000. 58.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price target 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. Royal Bank of Canada increased their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 15th. Evercore ISI boosted their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an “in-line” rating in a report on Monday, January 13th. Truist Financial dropped their price objective 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. Finally, UBS Group upped their price target on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.19.

Walgreens Boots Alliance Trading Up 2.3 %

Shares of WBA stock opened at $10.12 on Thursday. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $23.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.30 and a current ratio of 0.64. The stock has a 50 day simple moving average of $10.16 and a two-hundred day simple moving average of $9.82. The company has a market cap of $8.75 billion, a P/E ratio of -0.99, a PEG ratio of 1.28 and a beta of 0.64.

Walgreens Boots Alliance (NASDAQ:WBA) last released its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The company had revenue of $39.50 billion for the quarter, compared to the consensus estimate of $37.40 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. Walgreens Boots Alliance’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Research analysts forecast 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.