Orca Wealth Management LLC Buys Shares of 34,527 Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Orca Wealth Management LLC bought a new stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 34,527 shares of the pharmacy operator’s stock, valued at approximately $322,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Walgreens Boots Alliance by 43.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,969,188 shares of the pharmacy operator’s stock valued at $98,284,000 after buying an additional 3,329,857 shares during the last quarter. Altrius Capital Management Inc grew its holdings in shares of Walgreens Boots Alliance by 76.6% during the third quarter. Altrius Capital Management Inc now owns 440,483 shares of the pharmacy operator’s stock valued at $3,947,000 after purchasing an additional 190,996 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Walgreens Boots Alliance by 23.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 340,431 shares of the pharmacy operator’s stock worth $3,050,000 after buying an additional 64,586 shares during the last quarter. Sasco Capital Inc. CT grew its stake in Walgreens Boots Alliance by 13.6% during the 3rd quarter. Sasco Capital Inc. CT now owns 1,041,440 shares of the pharmacy operator’s stock worth $9,331,000 after buying an additional 124,950 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Walgreens Boots Alliance by 82.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 139,377 shares of the pharmacy operator’s stock worth $1,249,000 after buying an additional 63,149 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on WBA shares. 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 report on Monday, January 13th. UBS Group increased their price objective on Walgreens Boots Alliance from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays increased their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, October 16th. Truist Financial increased their price target on Walgreens Boots Alliance from $10.00 to $13.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Finally, TD Cowen decreased their price target on Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.27.

Walgreens Boots Alliance Trading Down 4.0 %

Shares of WBA opened at $10.89 on Wednesday. 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 $23.76. The firm’s 50 day moving average is $9.91 and its 200-day moving average is $9.86.

Walgreens Boots Alliance (NASDAQ:WBA) last issued 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. The business had revenue of $39.50 billion for the quarter, compared to analysts’ expectations of $37.40 billion. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. On average, sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.59 earnings per share for the current year.

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.