Wolverine Asset Management LLC Has $1.84 Million Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Wolverine Asset Management LLC boosted its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 112.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 197,406 shares of the pharmacy operator’s stock after purchasing an additional 104,438 shares during the quarter. Wolverine Asset Management LLC’s holdings in Walgreens Boots Alliance were worth $1,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Walgreens Boots Alliance by 43.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,969,188 shares of the pharmacy operator’s stock worth $98,284,000 after purchasing an additional 3,329,857 shares during the last quarter. Altrius Capital Management Inc boosted its position in Walgreens Boots Alliance by 76.6% in the third quarter. Altrius Capital Management Inc now owns 440,483 shares of the pharmacy operator’s stock valued at $3,947,000 after buying an additional 190,996 shares in the last quarter. Swedbank AB grew its stake in Walgreens Boots Alliance by 45.3% during the fourth quarter. Swedbank AB now owns 595,828 shares of the pharmacy operator’s stock worth $5,559,000 after buying an additional 185,762 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Walgreens Boots Alliance by 23.4% during the third 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 in the last quarter. Finally, Sasco Capital Inc. CT increased its holdings in shares of Walgreens Boots Alliance by 13.6% during the third 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 in the last quarter. 58.59% of the stock is owned by institutional investors.

Walgreens Boots Alliance Stock Performance

Walgreens Boots Alliance stock opened at $10.16 on Friday. The company has a market cap of $8.78 billion, a PE ratio of -0.99, a PEG ratio of 1.35 and a beta of 0.65. 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, Inc. has a 1 year low of $8.08 and a 1 year high of $22.05. The company’s 50-day moving average is $10.37 and its two-hundred day moving average is $9.71.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Walgreens Boots Alliance’s revenue was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on WBA. Truist Financial decreased their price target on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 15th. Evercore ISI raised their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company 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 report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.