Harvest Fund Management Co. Ltd Purchases 799 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Harvest Fund Management Co. Ltd raised its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 11.8% in the fourth quarter, Holdings Channel reports. The fund owned 7,592 shares of the pharmacy operator’s stock after buying an additional 799 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Walgreens Boots Alliance were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in WBA. Highlander Capital Management LLC acquired a new stake in Walgreens Boots Alliance in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its stake in shares of Walgreens Boots Alliance by 1,241.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,060 shares of the pharmacy operator’s stock worth $28,000 after acquiring an additional 981 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Walgreens Boots Alliance by 308.4% during the third quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the pharmacy operator’s stock worth $25,000 after acquiring an additional 845 shares during the period. Rocky Mountain Advisers LLC acquired a new position in Walgreens Boots Alliance during the 4th quarter valued at $30,000. Finally, Planned Solutions Inc. bought a new stake in Walgreens Boots Alliance in the 4th quarter valued at $34,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Valerie B. Jarrett purchased 4,456 shares of Walgreens Boots Alliance stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $22.44 per share, for a total transaction of $99,992.64. Following the transaction, the director now directly 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 link. In other news, Director Valerie B. Jarrett acquired 4,456 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $22.44 per share, for a total transaction of $99,992.64. Following the transaction, the director now owns 4,456 shares of the company’s stock, valued at $99,992.64. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Manmohan Mahajan bought 6,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were acquired at an average price of $19.38 per share, for a total transaction of $116,280.00. Following the completion of the transaction, the chief financial officer now owns 166,969 shares in the company, valued at approximately $3,235,859.22. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 13,456 shares of company stock worth $270,423. 17.40% of the stock is owned by corporate insiders.

Walgreens Boots Alliance Trading Down 0.1 %

Shares of Walgreens Boots Alliance stock opened at $17.80 on Thursday. Walgreens Boots Alliance, Inc. has a 12-month low of $17.51 and a 12-month high of $35.38. The stock has a market capitalization of $15.36 billion, a P/E ratio of -2.54, a price-to-earnings-growth ratio of 1.12 and a beta of 0.73. The company has a 50-day simple moving average of $20.19 and a 200 day simple moving average of $21.84. The company has a quick ratio of 0.32, a current ratio of 0.66 and a debt-to-equity ratio of 0.50.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WBA shares. TD Cowen cut their price objective 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. Deutsche Bank Aktiengesellschaft cut their price target on Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, April 3rd. SVB Leerink decreased their price objective on Walgreens Boots Alliance from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, March 18th. Leerink Partnrs restated a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Monday, February 26th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Tuesday, March 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.36.

Walgreens Boots Alliance Company 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.