Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Stock Holdings Increased by Korea Investment CORP

Korea Investment CORP grew its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,227 shares of the pharmacy operator’s stock after buying an additional 49,300 shares during the period. Korea Investment CORP’s holdings in Walgreens Boots Alliance were worth $2,726,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WBA. First Financial Corp IN raised its stake in Walgreens Boots Alliance by 49.2% during the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock worth $25,000 after acquiring 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 valued at approximately $26,000. Riverview Trust Co grew its holdings in shares of Walgreens Boots Alliance by 123.8% during the fourth quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator’s stock valued at $27,000 after purchasing an additional 1,590 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $28,000. Finally, TD Private Client Wealth LLC lifted its holdings 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 worth $29,000 after purchasing an additional 3,208 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Wall Street Analyst Weigh In

WBA has been the topic of several analyst reports. Evercore ISI increased their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an “in-line” rating in a research report on Monday, January 13th. StockNews.com initiated coverage on shares of Walgreens Boots Alliance in a research report on Wednesday, March 26th. They issued a “hold” rating on the stock. Truist Financial reduced 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 note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and dropped their price target for the company from $11.00 to $9.00 in a research note on Friday, February 28th. Finally, Wolfe Research upgraded Walgreens Boots Alliance to a “hold” rating in a research report on Monday, February 24th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Walgreens Boots Alliance currently has a consensus rating of “Hold” and an average price target of $10.59.

Walgreens Boots Alliance Stock Down 0.1 %

Shares of WBA stock opened at $11.16 on Wednesday. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $19.62. 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 business’s fifty day moving average is $10.80 and its 200-day moving average is $9.95. The stock has a market cap of $9.64 billion, a PE ratio of -1.09, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62.

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, topping analysts’ consensus estimates of $0.38 by $0.13. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The firm had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. During the same period in the previous year, the company earned $0.66 earnings per share. Walgreens Boots Alliance’s revenue was up 7.6% compared to the same quarter last year. Equities analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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.