Orca Wealth Management LLC Acquires New Shares in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Orca Wealth Management LLC bought a new position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,527 shares of the pharmacy operator's stock, valued at approximately $322,000.

Other hedge funds have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC acquired a new position in shares of Walgreens Boots Alliance during the 4th quarter worth approximately $184,000. Sound Income Strategies LLC boosted its stake in shares of Walgreens Boots Alliance by 4.8% in the fourth quarter. Sound Income Strategies LLC now owns 507,213 shares of the pharmacy operator's stock valued at $4,732,000 after buying an additional 23,373 shares during the period. Silver Lake Advisory LLC acquired a new stake in Walgreens Boots Alliance during the fourth quarter worth approximately $102,000. Mutual Advisors LLC increased its stake in Walgreens Boots Alliance by 20.4% during the 4th quarter. Mutual Advisors LLC now owns 14,617 shares of the pharmacy operator's stock worth $136,000 after acquiring an additional 2,477 shares during the period. Finally, Independent Wealth Network Inc. acquired a new position in Walgreens Boots Alliance in the 4th quarter valued at $105,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Walgreens Boots Alliance Stock Down 10.3 %

Shares of WBA stock traded down $1.18 during trading hours on Friday, reaching $10.28. The company had a trading volume of 91,430,537 shares, compared to its average volume of 26,047,908. The business has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $9.87. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $23.76. The company has a market cap of $8.88 billion, a price-to-earnings ratio of -1.00, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, topping 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 business had revenue of $39.50 billion for the quarter, compared to analysts' expectations of $37.40 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts expect 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 subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on Walgreens Boots Alliance from $19.00 to $9.00 and set a "hold" rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley reduced their price target on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Friday, October 11th. Evercore ISI upped their price objective on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock an "in-line" rating in a research report on Monday, January 13th. UBS Group raised their target price on shares of Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Finally, TD Cowen dropped their price target on Walgreens Boots Alliance from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Walgreens Boots Alliance currently has an average rating of "Hold" and an average target price of $13.19.

Walgreens Boots Alliance 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.