CVA Family Office LLC Grows Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

CVA Family Office LLC raised its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 115.2% in the third quarter, HoldingsChannel reports. The firm owned 8,908 shares of the pharmacy operator’s stock after acquiring an additional 4,769 shares during the period. CVA Family Office LLC’s holdings in Walgreens Boots Alliance were worth $80,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Iron Horse Wealth Management LLC raised its holdings in shares of Walgreens Boots Alliance by 162.5% in the second quarter. Iron Horse Wealth Management LLC now owns 2,100 shares of the pharmacy operator’s stock valued at $25,000 after acquiring an additional 1,300 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $26,000. Blue Trust Inc. boosted its stake in shares of Walgreens Boots Alliance by 87.0% during the second quarter. Blue Trust Inc. now owns 2,324 shares of the pharmacy operator’s stock valued at $28,000 after purchasing an additional 1,081 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Walgreens Boots Alliance by 71.2% during the second quarter. Continuum Advisory LLC now owns 2,453 shares of the pharmacy operator’s stock valued at $30,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Walgreens Boots Alliance during the second quarter valued at approximately $34,000. Institutional investors own 58.59% of the company’s stock.

Walgreens Boots Alliance Trading Up 2.0 %

Shares of Walgreens Boots Alliance stock opened at $9.21 on Monday. The firm’s 50 day simple moving average is $9.45 and its two-hundred day simple moving average is $13.40. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of -1.37, a PEG ratio of 1.04 and a beta of 0.70. Walgreens Boots Alliance, Inc. has a 12-month low of $8.22 and a 12-month high of $27.05. The company has a current ratio of 0.65, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WBA. JPMorgan Chase & Co. dropped their target price on Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Evercore ISI cut their target price on Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. Bank of America reduced their target price on shares of Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating for the company in a report on Wednesday, September 4th. UBS Group lowered their price target on shares of Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, Morgan Stanley reduced their price objective on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.46.

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.