Harbour Investments Inc. Has $265,000 Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Harbour Investments Inc. raised its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,389 shares of the pharmacy operator’s stock after purchasing an additional 1,165 shares during the quarter. Harbour Investments Inc.’s holdings in Walgreens Boots Alliance were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Walgreens Boots Alliance by 18.0% in the third quarter. State Street Corp now owns 42,997,580 shares of the pharmacy operator’s stock valued at $385,258,000 after acquiring an additional 6,569,223 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Walgreens Boots Alliance by 43.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,969,188 shares of the pharmacy operator’s stock valued at $98,284,000 after acquiring an additional 3,329,857 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Walgreens Boots Alliance in the third quarter valued at about $24,226,000. Amundi increased its position in shares of Walgreens Boots Alliance by 70.3% in the fourth quarter. Amundi now owns 4,455,720 shares of the pharmacy operator’s stock valued at $41,082,000 after acquiring an additional 1,839,045 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Walgreens Boots Alliance in the fourth quarter valued at about $9,685,000. Institutional investors and hedge funds own 58.59% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WBA. StockNews.com began coverage on Walgreens Boots Alliance in a report on Tuesday. They set a “hold” rating for the company. Truist Financial reduced their price target on Walgreens Boots Alliance from $13.00 to $12.00 and set a “hold” rating for the company in a report on Friday, January 31st. Royal Bank of Canada boosted their price objective on Walgreens Boots Alliance from $9.00 to $12.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 15th. Wolfe Research upgraded Walgreens Boots Alliance to a “hold” rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut Walgreens Boots Alliance from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $11.00 to $9.00 in a report on Friday, February 28th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.59.

Walgreens Boots Alliance Stock Down 0.2 %

NASDAQ WBA opened at $11.10 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.30 and a debt-to-equity ratio of 0.68. Walgreens Boots Alliance, Inc. has a 1-year low of $8.08 and a 1-year high of $22.05. The company has a 50 day moving average of $10.96 and a 200-day moving average of $9.82. The company has a market cap of $9.59 billion, a price-to-earnings ratio of -1.08, a PEG ratio of 1.31 and a beta of 0.62.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Friday, January 10th. The pharmacy operator reported $0.51 earnings per share for the quarter, beating 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 company had revenue of $39.50 billion during the quarter, compared to the consensus estimate of $37.40 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current fiscal year.

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.