Alberta Investment Management Corp Acquires 300,000 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Alberta Investment Management Corp lifted its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,557,100 shares of the pharmacy operator's stock after purchasing an additional 300,000 shares during the period. Alberta Investment Management Corp owned about 0.18% of Walgreens Boots Alliance worth $14,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. First Financial Corp IN lifted its holdings in Walgreens Boots Alliance by 49.2% during the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator's stock worth $25,000 after buying an additional 885 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Walgreens Boots Alliance during the fourth quarter worth about $26,000. Venturi Wealth Management LLC acquired a new position in shares of Walgreens Boots Alliance in the fourth quarter worth approximately $28,000. TD Private Client Wealth LLC lifted its stake in shares of Walgreens Boots Alliance by 8,670.3% in the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator's stock worth $29,000 after acquiring an additional 3,208 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in Walgreens Boots Alliance in the third quarter valued at approximately $30,000. Institutional investors own 58.59% of the company's stock.

Walgreens Boots Alliance Stock Down 3.4 %

Shares of WBA traded down $0.36 during trading hours on Friday, reaching $10.16. The stock had a trading volume of 11,138,480 shares, compared to its average volume of 26,569,953. The firm has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $9.72. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $22.05. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of -0.99, a P/E/G ratio of 1.35 and a beta of 0.65.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings data 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. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The firm had revenue of $39.50 billion during the quarter, compared to analysts' expectations of $37.40 billion. During the same period last year, the company earned $0.66 earnings per share. The business's revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an "underperform" rating in a research report on Monday, January 13th. Evercore ISI upped their price target on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an "in-line" rating in a research report on Monday, January 13th. Truist Financial lowered their price objective on Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Royal Bank of Canada upped 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. Three 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.63.

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.