5 Cheap Blue Chip Stocks To Buy

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1. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Forward Price To Earnings Ratio: 6.62

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an American pharmaceutical retailer that was set up in 1909. The firm is currently on a cost cutting spree, and as part of these initiatives, it has decided to suspend employee bonuses for 2023 and plans to resume them next year.

As of Q2 2023 end, 34 out of the 910 hedge funds part of Insider Monkey’s research had held a stake in Walgreens Boots Alliance, Inc. (NASDAQ:WBA). Stephen Dubois’s Camber Capital Management owns the biggest stake out of these, which is worth $213 million and comes via 7.5 million shares.

Follow Walgreens Boots Alliance Inc. (NASDAQ:WBA)

Disclosure: None. You can also take a look at 15 Worst Performing Industries in 2023 and 12 Best German Stocks To Buy Now.

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