Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Holdings Decreased by KLCM Advisors Inc. (2024)

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Holdings Decreased by KLCM Advisors Inc. (1)KLCM Advisors Inc. lessened its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 670,688 shares of the pharmacy operator's stock after selling 98,432 shares during the quarter. Walgreens Boots Alliance comprises about 2.7% of KLCM Advisors Inc.'s holdings, making the stock its 13th biggest holding. KLCM Advisors Inc. owned 0.08% of Walgreens Boots Alliance worth $17,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Walgreens Boots Alliance by 308.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the pharmacy operator's stock worth $25,000 after buying an additional 845 shares during the last quarter. Highlander Capital Management LLC purchased a new stake in Walgreens Boots Alliance in the 4th quarter valued at $26,000. Venturi Wealth Management LLC raised its position in Walgreens Boots Alliance by 1,241.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,060 shares of the pharmacy operator's stock valued at $28,000 after purchasing an additional 981 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Walgreens Boots Alliance by 2,314.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,328 shares of the pharmacy operator's stock valued at $30,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Rocky Mountain Advisers LLC purchased a new stake in Walgreens Boots Alliance in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 58.59% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently commented on the stock. Bank of America reduced their price target on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set an "underperform" rating for the company in a research report on Tuesday, March 26th. TD Cowen reduced their price target on shares of Walgreens Boots Alliance from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 3rd. Morgan Stanley reduced their price target on shares of Walgreens Boots Alliance from $21.00 to $20.00 and set an "underweight" rating for the company in a research report on Monday, April 1st. Leerink Partnrs reissued a "market perform" rating on shares of Walgreens Boots Alliance in a research note on Monday, February 26th. Finally, Truist Financial reissued a "hold" rating and issued a $25.00 price objective on shares of Walgreens Boots Alliance in a research note on Monday, April 1st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Walgreens Boots Alliance currently has a consensus rating of "Hold" and an average price target of $24.36.

Check Out Our Latest Report on WBA

Insider Buying and Selling at Walgreens Boots Alliance

In other news, Director Valerie B. Jarrett bought 4,456 shares of Walgreens Boots Alliance stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $22.44 per share, for a total transaction of $99,992.64. Following the acquisition, the director now owns 4,456 shares in the company, valued at $99,992.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Inderpal S. Bhandari acquired 3,000 shares of the business's stock in a transaction dated Thursday, April 11th. The shares were acquired at an average cost of $18.05 per share, for a total transaction of $54,150.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $54,150. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Valerie B. Jarrett acquired 4,456 shares of the business's stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $22.44 per share, for a total transaction of $99,992.64. Following the completion of the acquisition, the director now owns 4,456 shares in the company, valued at $99,992.64. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 13,456 shares of company stock worth $270,423. Corporate insiders own 17.40% of the company's stock.

Walgreens Boots Alliance Price Performance

Shares of NASDAQ:WBA traded down $0.01 on Wednesday, reaching $17.63. 7,695,416 shares of the company were exchanged, compared to its average volume of 14,350,901. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of -2.52, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. Walgreens Boots Alliance, Inc. has a 1-year low of $17.53 and a 1-year high of $36.14. The company has a 50-day moving average of $20.60 and a 200-day moving average of $21.98. The company has a current ratio of 0.66, a quick ratio of 0.32 and a debt-to-equity ratio of 0.50.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its quarterly earnings data on Thursday, March 28th. The pharmacy operator reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.38. The firm had revenue of $37.05 billion for the quarter, compared to analysts' expectations of $35.86 billion. Walgreens Boots Alliance had a negative net margin of 4.18% and a positive return on equity of 12.11%. The firm's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. Equities analysts forecast that Walgreens Boots Alliance, Inc. will post 3.23 earnings per share for the current fiscal year.

Walgreens Boots Alliance Profile

(Free Report)

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.

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Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Holdings Decreased by KLCM Advisors Inc. (4)

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Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Holdings Decreased by KLCM Advisors Inc. (2024)

FAQs

What is wrong with WBA stock? ›

NASDAQ: WBA

The decline came after the pharmacy retailer and wholesaler announced its fiscal 2024 first-quarter results and reduced its dividend payout by 48%.

Why is Walgreens dropping? ›

Walgreens has appointed new top executives, shuttered unprofitable stores and unveiled the dividend cut in January as it deals with low consumer spending, a drop in COVID-19 product sales and a slow ramp-up of its nascent healthcare unit.

Is Walgreens Boots Alliance a buy or sell? ›

Walgreens Boots Alliance has 19.02% upside potential, based on the analysts' average price target. Is WBA a Buy, Sell or Hold? Walgreens Boots Alliance has a conensus rating of Hold which is based on 1 buy ratings, 5 hold ratings and 3 sell ratings.

Who are the largest shareholders of Walgreens Boots Alliance? ›

Top Institutional Holders
HolderSharesDate Reported
Vanguard Group Inc83.14MDec 31, 2023
Blackrock Inc.65.89MDec 31, 2023
State Street Corporation54.18MDec 31, 2023
Invesco Ltd.19.05MDec 31, 2023
6 more rows

Why is Walgreens struggling? ›

Walgreens has had a rocky few years, struggling with several hurdles including decreasing demand for Covid products, low pharmacy reimbursement rates, competition from online retailers as well as labor unrest from pharmacy staff.

Is Walgreens in financial trouble? ›

Its earnings and cash flow are falling, while its balance sheet is weakening. In fiscal 2023, Walgreens produced about $2.3 billion in operating cash flow and $665 million in free cash flow. Operating cash flow was down more than $1.6 billion from fiscal 2022 due partly to a reduction in pandemic-driven contributions.

Why is Walgreens so low? ›

The decline came after the pharmacy retailer and wholesaler announced its fiscal 2024 first-quarter results and reduced its dividend payout by 48%. Walgreens' fiscal Q1 revenue of $36.7 billion was better than the consensus Wall Street estimate of nearly $34.9 billion.

Is Amazon replacing Walgreens? ›

Feb 20 (Reuters) - Amazon (AMZN. O) , opens new tab is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance (WBA.

Did Walmart buy out Walgreens? ›

Does Walmart own Walgreen's stores? No, Walgreens was started in the 1920's in Chicago, way before Sam Walton ever thought of the retail store chain that would become Wal-Mart.

Is WBA a good stock to buy now? ›

Is Walgreens Boots Alliance stock a Buy, Sell or Hold? Walgreens Boots Alliance stock has received a consensus rating of hold. The average rating score is and is based on 5 buy ratings, 35 hold ratings, and 10 sell ratings.

Is WBA a good long term stock? ›

By running a leaner operation, the business could be more likely to turn a profit and become a more sustainable investment. Right now, Walgreens is still too big, and until the company drastically improves its margins and prospects for long-term profitability, this is a stock I'd stay away from right now.

What is the difference between Walgreens and Walgreens Boots Alliance? ›

(WBA) is an American multinational holding company headquartered in Deerfield, Illinois, which owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies.

Is CVS owned by Walgreens? ›

No, Walgreens, Rite-Aid, and CVS pharmacy are not owned by the same parent company. Each of these pharmacy chains operates as a separate and independent company with its own ownership and management.

Who is the largest owner of Walgreens? ›

Stefano Pessina (born 4 June 1941) is an Italian-Monegasque billionaire businessman; he is the executive chairman and largest single shareholder of Walgreens Boots Alliance.

How much debt does Walgreens Boots Alliance have? ›

Total debt on the balance sheet as of November 2023 : $33.73 B. According to Walgreens Boots Alliance's latest financial reports the company's total debt is $33.73 B. A company's total debt is the sum of all current and non-current debts.

Why is Walgreens stock doing so poorly? ›

Walgreens had to cut its dividend due to challenges facing its pharmacy business, which made it more difficult for the company to fund its strategy to build a U.S. healthcare business. Those challenges were evident in the company's first-quarter financial results, which it reported in early January.

What is the future of WBA stock? ›

Stock Price Forecast

The 13 analysts with 12-month price forecasts for WBA stock have an average target of 26.23, with a low estimate of 20 and a high estimate of 35. The average target predicts an increase of 43.80% from the current stock price of 18.24.

Is WBA a good stock to buy? ›

Walgreens Boots Alliance stock has received a consensus rating of hold. The average rating score is and is based on 5 buy ratings, 35 hold ratings, and 10 sell ratings.

Why is United Health stock dropping? ›

The healthcare providers have already been struggling with rising medical costs. UnitedHealth saw its medical costs to benefits ratio increase to 85% in Q4'23, versus 83% in the prior-year quarter. The higher MBR spooked investors, and UNH stock fell around 5% after Q4 results. It is now down almost 15% year-to-date.

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