Walgreens Boots Alliance (WBA)

• Market cap: $9.83B
• 1 day: -9.19%
• 5 days: -4.69%
• 1 month: 22.26%
• 3 months: 8.80%
• 6 months: 0.62%
• Year to date: 23.72%
• 1 year: -49.60%
• 5 years: -78.89%
• 10 years: -84.96%
• Sector: Consumer Discretionary
• Industry: Drug Stores & Proprietary Stores

About: Walgreens Boots Alliance is one of the largest retail pharmacy chains in the US, with over 8,000 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: 312,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

2.6% less ownership

Funds ownership: 62.05% [Q2] → 59.45% (-2.6%) [Q3]

6% less funds holding

Funds holding: 917 [Q2] → 862 (-55) [Q3]

11% less call options, than puts

Call options by funds: $246M | Put options by funds: $274M

18% less repeat investments, than reductions

Existing positions increased: 276 | Existing positions reduced: 338

25% less first-time investments, than exits

New positions opened: 114 | Existing positions closed: 153

29% less capital invested

Capital invested by funds: $6.48B [Q2] → $4.62B (-$1.86B) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $8.50 25% downside
• Avg. target: $11.42 0% upside
• High target: $14 23% upside

6 analyst ratings

• positive: 1 17%
• neutral: 4 67%
• negative: 1 17%

Truist Securities David Macdonald 57% 1-year accuracy 55 / 96 met price target	14% upside $13	Hold Maintained	16 Jan 2025
RBC Capital Ben Hendrix 30% 1-year accuracy 21 / 70 met price target	6% upside $12	Sector Perform Maintained	15 Jan 2025
Evercore ISI Group Elizabeth Anderson 39% 1-year accuracy 13 / 33 met price target	6% upside $12	In-Line Maintained	13 Jan 2025
B of A Securities Allen Lutz 69% 1-year accuracy 9 / 13 met price target	25% downside $8.50	Underperform Maintained	13 Jan 2025
Jefferies Brian Tanquilut 50% 1-year accuracy 7 / 14 met price target	21% downside $9	Hold Maintained	23 Oct 2024