Polymer Capital Management US LLC Acquires Shares of 23,842 Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Polymer Capital Management US LLC bought a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 23,842 shares of the pharmacy operator’s stock, valued at approximately $222,000.

A number of other large investors have also added to or reduced their stakes in WBA. First Financial Corp IN raised its position in shares of Walgreens Boots Alliance by 49.2% in the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock valued at $25,000 after purchasing an additional 885 shares during the period. Golden State Wealth Management LLC acquired a new stake in Walgreens Boots Alliance during the fourth quarter worth approximately $26,000. Riverview Trust Co boosted 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 worth $27,000 after acquiring an additional 1,590 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Walgreens Boots Alliance in the fourth quarter valued at approximately $28,000. Finally, TD Private Client Wealth LLC lifted its holdings in Walgreens Boots Alliance by 8,670.3% during 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 own 58.59% of the company’s stock.

Walgreens Boots Alliance Trading Down 1.1 %

Shares of Walgreens Boots Alliance stock opened at $10.59 on Wednesday. The firm has a market capitalization of $9.15 billion, a PE ratio of -1.03, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $10.72 and its 200 day moving average is $10.02. Walgreens Boots Alliance, Inc. has a 1 year low of $8.08 and a 1 year high of $19.38.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, April 10th. The pharmacy operator reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The company had revenue of $38.59 billion during the quarter, compared to analysts’ expectations of $37.90 billion. During the same period in the prior year, the company earned $1.20 EPS. Walgreens Boots Alliance’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wolfe Research upgraded Walgreens Boots Alliance to a “hold” rating in a research report on Monday, February 24th. Evercore ISI boosted their price objective 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. StockNews.com began coverage on shares of Walgreens Boots Alliance in a research report on Thursday, April 3rd. They set a “hold” rating on the stock. Bank of America boosted their price target on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a research note on Monday, January 13th. Finally, Truist Financial lowered their price objective on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.59.

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.