J P Morgan Chase & Co Reaffirms Neutral Rating for GlaxoSmithKline PLC (GSK)
Several other equities research analysts have also commented on GSK. Citigroup Inc. lowered GlaxoSmithKline PLC from a buy rating to a neutral rating in a research note on Wednesday, July 5th. Zacks Investment Research raised GlaxoSmithKline PLC from a hold rating to a buy rating and set a $47.00 price target on the stock in a research note on Tuesday, July 18th. BidaskClub lowered GlaxoSmithKline PLC from a sell rating to a strong sell rating in a research note on Monday, July 24th. TheStreet lowered GlaxoSmithKline PLC from a b rating to a c+ rating in a research note on Wednesday, July 26th. Finally, Argus reissued a buy rating and set a $50.00 price target on shares of GlaxoSmithKline PLC in a research note on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $44.33.
GlaxoSmithKline PLC (GSK) traded down 0.63% during trading on Wednesday, reaching $40.84. The company had a trading volume of 8,971,913 shares. The stock has a market capitalization of $99.81 billion, a price-to-earnings ratio of 39.57 and a beta of 1.03. The firm has a 50-day moving average of $40.51 and a 200-day moving average of $41.53. GlaxoSmithKline PLC has a 1-year low of $37.20 and a 1-year high of $44.54.
GlaxoSmithKline PLC (NYSE:GSK) last announced its quarterly earnings results on Wednesday, July 26th. The pharmaceutical company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.52 billion. GlaxoSmithKline PLC had a return on equity of 114.93% and a net margin of 6.48%. On average, analysts anticipate that GlaxoSmithKline PLC will post $2.87 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, August 11th were issued a $0.491 dividend. The ex-dividend date was Wednesday, August 9th. This is an increase from GlaxoSmithKline PLC’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 4.81%. GlaxoSmithKline PLC’s payout ratio is 198.00%.
A number of institutional investors and hedge funds have recently modified their holdings of GSK. Russell Investments Group Ltd. acquired a new position in GlaxoSmithKline PLC in the 1st quarter valued at $578,000. SG Americas Securities LLC acquired a new position in GlaxoSmithKline PLC in the 1st quarter valued at $399,000. Stratos Wealth Partners LTD. raised its holdings in GlaxoSmithKline PLC by 76.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 20,971 shares of the pharmaceutical company’s stock valued at $884,000 after acquiring an additional 9,084 shares during the last quarter. FMR LLC raised its holdings in GlaxoSmithKline PLC by 11.7% in the 1st quarter. FMR LLC now owns 23,635,038 shares of the pharmaceutical company’s stock valued at $996,452,000 after acquiring an additional 2,482,009 shares during the last quarter. Finally, Lakeview Capital Partners LLC raised its holdings in GlaxoSmithKline PLC by 5.2% in the 1st quarter. Lakeview Capital Partners LLC now owns 8,737 shares of the pharmaceutical company’s stock valued at $368,000 after acquiring an additional 428 shares during the last quarter. Institutional investors own 9.28% of the company’s stock.
About GlaxoSmithKline PLC
GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.
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