GeoWealth Management LLC Purchases 14,541 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

GeoWealth Management LLC grew its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 121.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,520 shares of the pharmacy operator’s stock after purchasing an additional 14,541 shares during the period. GeoWealth Management LLC’s holdings in Walgreens Boots Alliance were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WBA. Virtu Financial LLC acquired a new stake in Walgreens Boots Alliance in the 3rd quarter valued at $208,000. Westside Investment Management Inc. raised its holdings in Walgreens Boots Alliance by 14.3% during the third quarter. Westside Investment Management Inc. now owns 11,587 shares of the pharmacy operator’s stock worth $104,000 after acquiring an additional 1,454 shares in the last quarter. Wealthquest Corp acquired a new position in Walgreens Boots Alliance during the third quarter valued at approximately $130,000. Sanctuary Advisors LLC grew its stake in Walgreens Boots Alliance by 79.0% in the third quarter. Sanctuary Advisors LLC now owns 46,333 shares of the pharmacy operator’s stock valued at $401,000 after purchasing an additional 20,450 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Walgreens Boots Alliance during the 3rd quarter worth approximately $92,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Walgreens Boots Alliance Stock Performance

Shares of NASDAQ WBA opened at $10.99 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of -1.07, a P/E/G ratio of 1.31 and a beta of 0.67. The stock’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.17. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $18.83.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 EPS for the quarter, beating the consensus estimate of $0.53 by $0.10. 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 $38.59 billion for the quarter, compared to the consensus estimate of $37.90 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Walgreens Boots Alliance’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WBA shares. Wolfe Research raised shares of Walgreens Boots Alliance to a “hold” rating in a research note on Monday, February 24th. Royal Bank of Canada lifted their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 15th. Evercore ISI upped their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Bank of America lifted their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a report on Monday, January 13th. Finally, Truist Financial cut their price objective on 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. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Walgreens Boots Alliance 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.