Allianz SE Invests $284,000 in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Allianz SE acquired a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,622 shares of the pharmacy operator's stock, valued at approximately $284,000.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB raised its stake in Walgreens Boots Alliance by 45.3% in the 4th quarter. Swedbank AB now owns 595,828 shares of the pharmacy operator's stock valued at $5,559,000 after acquiring an additional 185,762 shares during the period. Sunbelt Securities Inc. raised its position in shares of Walgreens Boots Alliance by 82.8% in the third quarter. Sunbelt Securities Inc. now owns 139,377 shares of the pharmacy operator's stock valued at $1,249,000 after purchasing an additional 63,149 shares during the period. Merit Financial Group LLC bought a new position in Walgreens Boots Alliance in the 4th quarter worth approximately $326,000. FMR LLC raised its holdings in Walgreens Boots Alliance by 2.5% during the 3rd quarter. FMR LLC now owns 3,258,919 shares of the pharmacy operator's stock valued at $29,200,000 after acquiring an additional 80,525 shares during the period. Finally, Redwood Investment Management LLC grew its position in shares of Walgreens Boots Alliance by 67.0% in the third quarter. Redwood Investment Management LLC now owns 210,179 shares of the pharmacy operator's stock valued at $1,903,000 after purchasing an additional 84,303 shares in the last quarter. Institutional investors own 58.59% of the company's stock.

Walgreens Boots Alliance Stock Down 1.9 %

Shares of NASDAQ:WBA traded down $0.22 during trading on Thursday, hitting $10.97. The stock had a trading volume of 13,015,407 shares, compared to its average volume of 24,994,602. The company has a quick ratio of 0.30, a current ratio of 0.64 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 $19.48. The company has a market capitalization of $9.48 billion, a PE ratio of -1.07, a PEG ratio of 1.31 and a beta of 0.62. The firm's fifty day moving average is $10.79 and its 200 day moving average is $9.95.

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Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 EPS for the quarter, topping the consensus estimate of $0.38 by $0.13. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The business had revenue of $39.50 billion for the quarter, compared to analysts' expectations of $37.40 billion. During the same quarter in the previous year, the company earned $0.66 EPS. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WBA shares. StockNews.com assumed coverage on Walgreens Boots Alliance in a research report on Thursday. They set a "hold" rating on the stock. Evercore ISI increased their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an "in-line" rating in a research note on Monday, January 13th. Truist Financial decreased their price target on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Bank of America raised their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an "underperform" rating in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded Walgreens Boots Alliance from a "hold" rating to a "sell" rating and decreased their price objective for the stock from $11.00 to $9.00 in a report on Friday, February 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.59.

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.