Avantax Advisory Services Inc. Purchases 1,186 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Avantax Advisory Services Inc. increased its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,896 shares of the pharmacy operator’s stock after purchasing an additional 1,186 shares during the period. Avantax Advisory Services Inc.’s holdings in Walgreens Boots Alliance were worth $466,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. First Financial Corp IN increased its position in shares of Walgreens Boots Alliance by 49.2% during 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. Golden State Wealth Management LLC bought a new position in Walgreens Boots Alliance during the fourth quarter valued at $26,000. Riverview Trust Co raised its stake in shares of Walgreens Boots Alliance by 123.8% in the fourth quarter. Riverview Trust Co now owns 2,874 shares of the pharmacy operator’s stock valued at $27,000 after acquiring an additional 1,590 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth about $28,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Walgreens Boots Alliance by 8,670.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock worth $29,000 after purchasing an additional 3,208 shares during the period. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on WBA shares. Wolfe Research raised shares of Walgreens Boots Alliance to a “hold” rating in a research note on Monday, February 24th. Bank of America raised their price target on 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 upped their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 15th. Truist Financial decreased their target price on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, StockNews.com assumed coverage on shares of Walgreens Boots Alliance in a report on Tuesday, March 18th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.59.

Walgreens Boots Alliance Price Performance

Shares of WBA opened at $11.10 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. The company has a 50 day moving average price of $10.96 and a 200-day moving average price of $9.83. Walgreens Boots Alliance, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $22.05. The stock has a market capitalization of $9.59 billion, a PE ratio of -1.08, a PEG ratio of 1.31 and a beta of 0.62.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.13. The business had revenue of $39.50 billion for the quarter, compared to analysts’ expectations of $37.40 billion. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. Equities analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal 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.