Yousif Capital Management LLC Raises Stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Yousif Capital Management LLC grew its stake in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 343,445 shares of the pharmacy operator’s stock after purchasing an additional 1,289 shares during the period. Yousif Capital Management LLC’s holdings in Walgreens Boots Alliance were worth $8,967,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WBA. Highlander Capital Management LLC purchased a new stake in Walgreens Boots Alliance during the fourth quarter worth $26,000. Venturi Wealth Management LLC boosted its position in shares of 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 worth $28,000 after buying an additional 981 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Walgreens Boots Alliance by 308.4% in 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 in the last quarter. Rocky Mountain Advisers LLC purchased a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth about $30,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Walgreens Boots Alliance in the 4th quarter worth about $34,000. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WBA has been the topic of several recent research reports. UBS Group reduced their price target on shares of Walgreens Boots Alliance from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Raymond James reaffirmed a “market perform” rating on shares of Walgreens Boots Alliance in a research note on Tuesday, March 26th. Truist Financial reaffirmed a “hold” rating and issued a $25.00 target price on shares of Walgreens Boots Alliance in a research note on Monday, April 1st. TheStreet upgraded Walgreens Boots Alliance from a “d+” rating to a “c-” rating in a research report on Monday, January 8th. Finally, HSBC restated a “reduce” rating and issued a $20.00 target price (down from $27.00) on shares of Walgreens Boots Alliance in a report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Walgreens Boots Alliance presently has an average rating of “Hold” and a consensus target price of $24.36.

Walgreens Boots Alliance Stock Performance

NASDAQ:WBA opened at $17.80 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.66 and a debt-to-equity ratio of 0.50. The company has a market cap of $15.36 billion, a P/E ratio of -2.54, a P/E/G ratio of 1.12 and a beta of 0.73. Walgreens Boots Alliance, Inc. has a fifty-two week low of $17.51 and a fifty-two week high of $35.38. The firm’s 50 day moving average is $20.19 and its two-hundred day moving average is $21.84.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its earnings results on Thursday, March 28th. The pharmacy operator reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.38. The business had revenue of $37.05 billion for the quarter, compared to analyst estimates of $35.86 billion. Walgreens Boots Alliance had a positive return on equity of 12.11% and a negative net margin of 4.18%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. Analysts expect that Walgreens Boots Alliance, Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling

In other Walgreens Boots Alliance news, Director Inderpal S. Bhandari purchased 3,000 shares of Walgreens Boots Alliance stock in a transaction on Thursday, April 11th. The shares were purchased at an average cost of $18.05 per share, with a total value of $54,150.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Manmohan Mahajan acquired 6,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were bought at an average cost of $19.38 per share, with a total value of $116,280.00. Following the completion of the transaction, the chief financial officer now directly owns 166,969 shares of the company’s stock, valued at approximately $3,235,859.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Inderpal S. Bhandari bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were bought at an average price of $18.05 per share, for a total transaction of $54,150.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at approximately $54,150. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 13,456 shares of company stock valued at $270,423. 17.40% of the stock is currently owned by corporate insiders.

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.