Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Stock Position Raised by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,417 shares of the pharmacy operator’s stock after buying an additional 1,692 shares during the period. Signaturefd LLC’s holdings in Walgreens Boots Alliance were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Brooklyn Investment Group grew its position in shares of Walgreens Boots Alliance by 21.1% during the 4th quarter. Brooklyn Investment Group now owns 4,757 shares of the pharmacy operator’s stock valued at $44,000 after buying an additional 830 shares during the last quarter. First Financial Corp IN grew its position in Walgreens Boots Alliance by 49.2% in the 4th quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock worth $25,000 after purchasing an additional 885 shares during the last quarter. CWA Asset Management Group LLC grew its position in Walgreens Boots Alliance by 9.2% in the 4th quarter. CWA Asset Management Group LLC now owns 12,893 shares of the pharmacy operator’s stock worth $120,000 after purchasing an additional 1,084 shares during the last quarter. Metis Global Partners LLC grew its position in Walgreens Boots Alliance by 4.9% in the 4th quarter. Metis Global Partners LLC now owns 23,815 shares of the pharmacy operator’s stock worth $222,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Walgreens Boots Alliance by 4.3% in the 4th quarter. Harbour Investments Inc. now owns 28,389 shares of the pharmacy operator’s stock worth $265,000 after purchasing an additional 1,165 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Trading Down 0.2 %

Shares of NASDAQ:WBA opened at $11.10 on Friday. The stock 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. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $22.05. 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 company has a 50 day moving average price of $10.96 and a 200 day moving average price of $9.83.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share 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 during the quarter, compared to analysts’ expectations of $37.40 billion. During the same period last year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on WBA. StockNews.com began coverage on shares of Walgreens Boots Alliance in a research report on Tuesday, March 18th. They issued a “hold” rating for the company. Truist Financial decreased their target price on shares of 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. Royal Bank of Canada upped their price target on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 15th. Evercore ISI upped their price target 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. Finally, Bank of America upped 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 note on Monday, January 13th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.59.

About Walgreens Boots Alliance

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.