EverSource Wealth Advisors LLC Increases Stock Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

EverSource Wealth Advisors LLC lifted its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 83.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,312 shares of the pharmacy operator’s stock after purchasing an additional 2,422 shares during the period. EverSource Wealth Advisors LLC’s holdings in Walgreens Boots Alliance were worth $50,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Walgreens Boots Alliance by 43.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,969,188 shares of the pharmacy operator’s stock valued at $98,284,000 after purchasing an additional 3,329,857 shares in the last quarter. Swedbank AB raised its stake in Walgreens Boots Alliance by 45.3% in the fourth quarter. Swedbank AB now owns 595,828 shares of the pharmacy operator’s stock valued at $5,559,000 after purchasing an additional 185,762 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Walgreens Boots Alliance by 23.4% in the third quarter. PNC Financial Services Group Inc. now owns 340,431 shares of the pharmacy operator’s stock valued at $3,050,000 after purchasing an additional 64,586 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Walgreens Boots Alliance by 82.8% in the third quarter. Sunbelt Securities Inc. now owns 139,377 shares of the pharmacy operator’s stock valued at $1,249,000 after purchasing an additional 63,149 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Walgreens Boots Alliance in the fourth quarter valued at approximately $326,000. 58.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WBA has been the topic of a number of recent analyst reports. Bank of America raised their target price on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a research note on Monday, January 13th. Wolfe Research raised shares of Walgreens Boots Alliance to a “hold” rating in a research note on Monday, February 24th. StockNews.com initiated coverage on shares of Walgreens Boots Alliance in a research note on Tuesday. They set a “hold” rating on the stock. Evercore ISI lifted 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 note on Monday, January 13th. Finally, Truist Financial decreased their price target on shares of 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 analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.59.

Walgreens Boots Alliance Stock Down 0.1 %

Shares of Walgreens Boots Alliance stock opened at $11.16 on Thursday. 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 52-week low of $8.08 and a 52-week high of $22.05. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of -1.09, a P/E/G ratio of 1.31 and a beta of 0.62. The company’s 50 day moving average price is $10.93 and its 200-day moving average price is $9.80.

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 the consensus estimate of $0.38 by $0.13. The firm had revenue of $39.50 billion for the quarter, compared to analysts’ expectations of $37.40 billion. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. Equities research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current year.

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.