Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Stock Holdings Boosted by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC increased its stake in Walgreens Boots Alliance by 78.6%, holding 352,653 shares valued at approximately $3.94 million as of the latest report.
• Several other institutional investors have also raised their positions, with 58.59% of the company's stock now owned by institutional investors and hedge funds.
• In its latest quarterly earnings, Walgreens Boots Alliance reported $0.38 EPS, exceeding the expected $0.34 EPS with revenues of $38.99 billion, a 7.2% increase year-over-year.

Wolverine Asset Management LLC boosted its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 78.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 352,653 shares of the pharmacy operator's stock after acquiring an additional 155,247 shares during the quarter. Wolverine Asset Management LLC's holdings in Walgreens Boots Alliance were worth $3,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WBA. First Trust Advisors LP acquired a new position in shares of Walgreens Boots Alliance during the fourth quarter worth about $368,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Walgreens Boots Alliance by 6.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,428 shares of the pharmacy operator's stock worth $978,000 after purchasing an additional 4,926 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Walgreens Boots Alliance by 28.2% during the first quarter. Concurrent Investment Advisors LLC now owns 13,924 shares of the pharmacy operator's stock worth $156,000 after purchasing an additional 3,064 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Walgreens Boots Alliance during the first quarter worth about $1,199,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Walgreens Boots Alliance by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 42,332 shares of the pharmacy operator's stock worth $472,000 after purchasing an additional 1,341 shares in the last quarter. Institutional investors and hedge funds own 58.59% of the company's stock.

Walgreens Boots Alliance Stock Performance

Shares of NASDAQ:WBA traded up $0.04 during trading on Friday, hitting $11.94. 7,572,244 shares of the company traded hands, compared to its average volume of 5,922,422. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of -1.64, a PEG ratio of 1.40 and a beta of 0.80. The business's fifty day moving average is $11.49 and its 200-day moving average is $11.10. Walgreens Boots Alliance, Inc. has a one year low of $8.08 and a one year high of $13.25. The company has a quick ratio of 0.32, a current ratio of 0.60 and a debt-to-equity ratio of 0.96.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last posted its earnings results on Thursday, June 26th. The pharmacy operator reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. Walgreens Boots Alliance had a positive return on equity of 17.66% and a negative net margin of 4.07%. The firm had revenue of $38.99 billion for the quarter, compared to analysts' expectations of $36.72 billion. During the same period last year, the firm earned $0.63 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WBA has been the topic of several recent analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Wall Street Zen initiated coverage on Walgreens Boots Alliance in a research note on Wednesday, May 21st. They issued a "hold" rating on the stock. Finally, UBS Group reiterated a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.