Fisher Funds Management LTD Makes New Investment in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Fisher Funds Management LTD bought a new position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 135,044 shares of the pharmacy operator’s stock, valued at approximately $1,250,000.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group grew its position in shares of Walgreens Boots Alliance by 21.1% during the fourth quarter. Brooklyn Investment Group now owns 4,757 shares of the pharmacy operator’s stock worth $44,000 after acquiring an additional 830 shares during the last quarter. First Financial Corp IN raised its position in Walgreens Boots Alliance by 49.2% in the 4th 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 last quarter. Sequoia Financial Advisors LLC boosted its stake in Walgreens Boots Alliance by 4.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 25,215 shares of the pharmacy operator’s stock worth $226,000 after purchasing an additional 1,063 shares during the period. Lincluden Management Ltd. grew its position in Walgreens Boots Alliance by 0.4% during the 3rd quarter. Lincluden Management Ltd. now owns 264,644 shares of the pharmacy operator’s stock worth $2,371,000 after purchasing an additional 1,074 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its stake in Walgreens Boots Alliance by 9.2% in the fourth quarter. CWA Asset Management Group LLC now owns 12,893 shares of the pharmacy operator’s stock valued at $120,000 after purchasing an additional 1,084 shares during the period. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WBA. Bank of America increased their target price on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an “underperform” rating in a research note on Monday, January 13th. Royal Bank of Canada increased their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 15th. Evercore ISI boosted their target price on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, January 13th. Finally, Truist Financial cut their price target on 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. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.63.

Walgreens Boots Alliance Price Performance

Walgreens Boots Alliance stock opened at $10.16 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.30 and a current ratio of 0.64. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $22.05. The company has a market cap of $8.78 billion, a P/E ratio of -0.99, a price-to-earnings-growth ratio of 1.31 and a beta of 0.65. The business has a fifty day moving average of $10.37 and a two-hundred day moving average of $9.70.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Friday, January 10th. The pharmacy operator reported $0.51 EPS 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 firm had revenue of $39.50 billion during the quarter, compared to analysts’ expectations of $37.40 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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.