Kennondale Capital Management LLC purchased a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 112,535 shares of the pharmacy operator's stock, valued at approximately $1,050,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Financial Corp IN lifted its position 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 in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Walgreens Boots Alliance during the 4th quarter worth about $26,000. Riverview Trust Co increased its stake in shares of Walgreens Boots Alliance by 123.8% during the 4th quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator's stock worth $27,000 after purchasing an additional 1,590 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Walgreens Boots Alliance during the 4th quarter worth about $28,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Walgreens Boots Alliance by 8,670.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator's stock worth $29,000 after purchasing an additional 3,208 shares during the last quarter. 58.59% of the stock is owned by institutional investors.
Walgreens Boots Alliance Stock Performance
Shares of NASDAQ:WBA traded down $0.02 on Friday, reaching $11.10. 37,249,707 shares of the company's stock were exchanged, compared to its average volume of 20,761,826. The company has a fifty day moving average of $10.96 and a 200-day moving average of $9.82. Walgreens Boots Alliance, Inc. has a twelve month low of $8.08 and a twelve month high of $22.05. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of -1.08, a PEG ratio of 1.31 and a beta of 0.62. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68.
Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last announced its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $37.40 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business's revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on WBA shares. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a "hold" rating to a "sell" rating and lowered their price objective for the stock from $11.00 to $9.00 in a research note on Friday, February 28th. Wolfe Research upgraded shares of Walgreens Boots Alliance to a "hold" rating in a research note on Monday, February 24th. Evercore ISI boosted their price objective 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. StockNews.com started coverage on shares of Walgreens Boots Alliance in a research note on Tuesday. They set a "hold" rating on the stock. Finally, Truist Financial lowered their price objective on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Four investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.59.
Get Our Latest Report on WBA
About Walgreens Boots Alliance
(
Free Report)
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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