Shares of the retail pharmacy giant Walgreens Boots Alliance (NASDAQ:WBA) are under pressure. Its weak outlook and store closures didn’t sit well with investors. As the company struggles to remain afloat and has eroded shareholders’ wealth, it made us wonder who owns Walgreens Boots Alliance stock.
Now, according to TipRanks’ ownership page, other institutional investors own 37.65% of Walgreens Boots Alliance. They are followed by public companies and individual investors, mutual funds, and insiders at 23.34%, 18.88%, and 20.13%, respectively.
Digging Deeper into WBA’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns an 8.76% stake in WBA stock. Next up is Vanguard Index Funds, which holds a 7.67% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Positive on WBA stock based on the activity of 13 hedge funds. Hedge funds increased their WBA holdings by 1.4M shares in the last quarter.
Conversely, individual investors have a Very Negative view of the company. In the last 30 days, the number of portfolios (tracked by TipRanks) holding WBA stock decreased by 2.4%. Overall, among the 742,848 portfolios monitored by TipRanks, 0.7% have invested in Walgreens Boots Alliance stock.
Is WBA a Buy or Hold?
Wall Street analysts are sidelined on WBA stock. With two Buys, seven Holds, and two Sell recommendations, WBA stock has a Hold consensus rating. Analysts’ average price target on WBA stock is $21, implying an upside potential of 72.27% from current levels.
Walgreens Boots Alliance stock has lost nearly 52% of its value year-to-date, underperforming the S&P 500’s (SPX) almost 15% gain.
Conclusion
TipRanks’ Ownership tool provides Walgreens Boots Alliance ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Walgreens Boots Alliance stock, go to TipRanks’ Stock Analysis page.
