Walgreens Boots AllianceWBA
Market Cap: $7.57B
About: Walgreens Boots Alliance is one of the largest retail pharmacy chains in the US, with over 8,500 locations. Nearly three quarters of Americans live within five miles of a Walgreens location. Roughly two thirds of revenue is generated from prescription drug sales; Walgreens makes up 20% of total prescription revenue in the US. Walgreens also generates sales from retail products (general wellness consumables and its own branded merchandise), European drug wholesale, and healthcare. With more locations incorporating additional services like Health Corner and Village Medical, Walgreens creates an omnichannel experience for patients and positions itself as a one-stop healthcare provider.
Employees: 331,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.08% more ownership
Funds ownership: 60.03% [Q1] → 60.11% (+0.08%) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 325 | Existing positions reduced: 354
6% less funds holding
Funds holding: 966 [Q1] → 905 (-61) [Q2]
25% less call options, than puts
Call options by funds: $280M | Put options by funds: $376M
37% less first-time investments, than exits
New positions opened: 105 | Existing positions closed: 166
44% less capital invested
Capital invested by funds: $11.2B [Q1] → $6.28B (-$4.9B) [Q2]
56% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 4 (-5) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
B of A Securities Allen Lutz 63% 1-year accuracy 5 / 8 met price target | 14%downside $7.50 | Underperform Maintained | 4 Sept 2024 |
JP Morgan Lisa Gill 67% 1-year accuracy 16 / 24 met price target | 71%upside $15 | Overweight Maintained | 30 Aug 2024 |
Barclays Steve Valiquette 64% 1-year accuracy 7 / 11 met price target | 20%downside $7 | Underweight Maintained | 23 Jul 2024 |
UBS Kevin Caliendo 77% 1-year accuracy 10 / 13 met price target | 37%upside $12 | Neutral Maintained | 3 Jul 2024 |
RBC Capital Ben Hendrix 80% 1-year accuracy 47 / 59 met price target | 48%upside $13 | Sector Perform Maintained | 2 Jul 2024 |
Financial journalist opinion
Based on 302 articles about WBA published over the past 30 days