Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Shares Acquired by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC increased its stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 44.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,750 shares of the pharmacy operator’s stock after acquiring an additional 7,637 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Walgreens Boots Alliance were worth $231,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Financial Corp IN grew its holdings in shares of Walgreens Boots Alliance by 49.2% during the fourth quarter. First Financial Corp IN now owns 2,685 shares of the pharmacy operator’s stock valued at $25,000 after buying an additional 885 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Walgreens Boots Alliance by 8,670.3% during the third quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after buying an additional 3,208 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Walgreens Boots Alliance during the third quarter valued at $30,000. Eastern Bank purchased a new position in shares of Walgreens Boots Alliance during the third quarter valued at $33,000. Finally, Brooklyn Investment Group purchased a new position in shares of Walgreens Boots Alliance during the third quarter valued at $35,000. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Walgreens Boots Alliance Stock Performance

NASDAQ WBA opened at $10.12 on Thursday. Walgreens Boots Alliance, Inc. has a twelve month low of $8.08 and a twelve month high of $23.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. The stock has a 50-day simple moving average of $10.16 and a 200 day simple moving average of $9.82.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly 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. Walgreens Boots Alliance had a positive return on equity of 17.61% and a negative net margin of 5.87%. The firm had revenue of $39.50 billion for the quarter, compared to analyst estimates of $37.40 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts forecast that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WBA shares. UBS Group lifted their price target on Walgreens Boots Alliance from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted 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. Morgan Stanley reduced their price objective on Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Bank of America lifted their price objective on Walgreens Boots Alliance from $7.50 to $8.50 and gave the company an “underperform” rating in a research report on Monday, January 13th. Finally, Barclays lifted their price objective on Walgreens Boots Alliance from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.19.

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.