Sound Income Strategies LLC Has $4.73 Million Holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Sound Income Strategies LLC boosted its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 507,213 shares of the pharmacy operator's stock after purchasing an additional 23,373 shares during the quarter. Sound Income Strategies LLC owned approximately 0.06% of Walgreens Boots Alliance worth $4,732,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its stake in Walgreens Boots Alliance by 19.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 52,400 shares of the pharmacy operator's stock worth $633,000 after purchasing an additional 8,538 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Walgreens Boots Alliance by 8.4% during the second quarter. Ensign Peak Advisors Inc now owns 308,736 shares of the pharmacy operator's stock worth $3,734,000 after acquiring an additional 24,041 shares during the period. Public Sector Pension Investment Board lifted its holdings in Walgreens Boots Alliance by 76.2% in the second quarter. Public Sector Pension Investment Board now owns 24,726 shares of the pharmacy operator's stock worth $299,000 after acquiring an additional 10,696 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Walgreens Boots Alliance by 60.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 140,441 shares of the pharmacy operator's stock valued at $1,699,000 after acquiring an additional 52,924 shares during the period. Finally, Ariel Investments LLC grew its holdings in shares of Walgreens Boots Alliance by 10.8% during the second quarter. Ariel Investments LLC now owns 2,038,878 shares of the pharmacy operator's stock valued at $24,660,000 after purchasing an additional 198,891 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance Stock Up 1.0 %

Shares of WBA stock traded up $0.12 on Friday, reaching $11.86. 12,686,513 shares of the company's stock traded hands, compared to its average volume of 29,586,541. 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 capitalization of $10.25 billion, a P/E ratio of -1.16, a price-to-earnings-growth ratio of 1.46 and a beta of 0.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.30 and a current ratio of 0.64. The business's 50 day moving average price is $9.79 and its two-hundred day moving average price is $9.87.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $37.40 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm's revenue was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that Walgreens Boots Alliance, Inc. will post 1.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WBA. Barclays upped their price target on shares of Walgreens Boots Alliance from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price target on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company an "in-line" rating in a research report on Monday, January 13th. Bank of America upped their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an "underperform" rating in a report on Monday, January 13th. Morgan Stanley lowered their target price on Walgreens Boots Alliance from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Friday, October 11th. Finally, Jefferies Financial Group cut their price target on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Walgreens Boots Alliance currently has an average rating of "Hold" and an average price target of $13.27.

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.