Walgreens Boots Alliance
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)
0.18% more ownership
Funds ownership: 60.04% [Q1] → 60.21% (+0.18%) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 328 | Existing positions reduced: 357
6% less funds holding
Funds holding: 969 [Q1] → 914 (-55) [Q2]
25% less call options, than puts
Call options by funds: $280M | Put options by funds: $376M
34% less first-time investments, than exits
New positions opened: 107 | Existing positions closed: 162
44% less capital invested
Capital invested by funds: $11.2B [Q1] → $6.29B (-$4.89B) [Q2]
56% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 4 (-5) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Morgan Stanley Erin Wright 53% 1-year accuracy 10 / 19 met price target | 24%downside $7 | Underweight Maintained | 11 Oct 2024 |
Truist Securities David Macdonald 82% 1-year accuracy 27 / 33 met price target | 9%upside $10 | Hold Maintained | 7 Oct 2024 |
TD Cowen Charles Ryhee 40% 1-year accuracy 2 / 5 met price target | 74%upside $16 | Buy Maintained | 12 Sept 2024 |
B of A Securities Allen Lutz 50% 1-year accuracy 1 / 2 met price target | 19%downside $7.50 | Underperform Maintained | 4 Sept 2024 |
JP Morgan Lisa Gill 45% 1-year accuracy 10 / 22 met price target | 63%upside $15 | Overweight Maintained | 30 Aug 2024 |
Financial journalist opinion
Based on 53 articles about WBA published over the past 30 days