12 Best Medical Stocks To Buy Under $20

Page 3 of 11

9. Walgreens Boots Alliance Inc. (NASDAQ:WBA)

Share Price as of January 8: $9.22

Number of Hedge Fund Holders: 33

Walgreens Boots Alliance Inc. (NASDAQ:WBA) is an American multinational health and medical company that provides a range of pharmacy, healthcare, and retail services. The company has approximately 12,500 locations across the US, Europe, and Latin America. It operates through well-known brands like Walgreens, Boots, Duane Reade, o7 Beauty Company, and Benavides.

The company is focused on strategic cost management initiatives and optimizing its retail presence. In its fiscal 2024, Walgreens Boots Alliance Inc. (NASDAQ:WBA) successfully exceeded its targets for cost savings and capital expenditure reductions, which included $1 billion in cost savings, a $600 million decrease in capital expenditures, and $500 million in working capital initiatives. Walgreens Boots Alliance Inc. (NASDAQ:WBA) is implementing a strategic footprint optimization program aimed at closing approximately 1,200 underperforming stores over the next three years. The company has planned around 500 closures for fiscal 2025. Walgreens Boots Alliance Inc. (NASDAQ:WBA) expects that this strategic move will enhance adjusted earnings per share (EPS) and improve free cash flow immediately.

Additionally, the company is committed to being relevant to today’s consumers while reevaluating its merchandising strategy. Walgreens Boots Alliance Inc. (NASDAQ:WBA) plans to expand its own brand offerings while being selective with national brands, particularly in health and wellness categories. Over 300 new owned brand products were launched in fiscal 2024. The company has plans for another 300 in fiscal 2025.

Page 3 of 11