GlaxoSmithKline (GSK) Rating Reiterated by UBS Group
UBS Group reiterated their buy rating on shares of GlaxoSmithKline (NYSE:GSK) in a research note published on Monday morning, www.boersen-zeitung.de reports.
Several other brokerages have also commented on GSK. Zacks Investment Research upgraded shares of GlaxoSmithKline from a hold rating to a buy rating and set a $46.00 price target on the stock in a research note on Wednesday, October 18th. JPMorgan Chase & Co. restated a neutral rating on shares of GlaxoSmithKline in a research note on Wednesday, October 18th. Bank of America lowered shares of GlaxoSmithKline from a buy rating to a neutral rating in a research note on Thursday, October 26th. TheStreet upgraded shares of GlaxoSmithKline from a c+ rating to a b rating in a research note on Wednesday, October 25th. Finally, Investec lowered shares of GlaxoSmithKline from a buy rating to a hold rating in a research note on Monday, November 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $38.57.
GlaxoSmithKline (NYSE GSK) traded up $0.02 during trading on Monday, reaching $38.17. 4,316,100 shares of the company’s stock traded hands, compared to its average volume of 6,061,258. The firm has a market cap of $92,950.00, a price-to-earnings ratio of 28.92, a PEG ratio of 2.36 and a beta of 0.97. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 2.96. GlaxoSmithKline has a 1 year low of $34.52 and a 1 year high of $44.53.
GlaxoSmithKline (NYSE:GSK) last released its quarterly earnings data on Wednesday, October 25th. The pharmaceutical company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. GlaxoSmithKline had a net margin of 7.79% and a return on equity of 115.30%. research analysts expect that GlaxoSmithKline will post 2.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, November 10th were issued a dividend of $0.5037 per share. This is an increase from GlaxoSmithKline’s previous quarterly dividend of $0.49. This represents a $2.01 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Thursday, November 9th. GlaxoSmithKline’s dividend payout ratio is currently 154.55%.
In other news, major shareholder Plc Glaxosmithkline acquired 428,571 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average cost of $14.00 per share, with a total value of $5,999,994.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. bought a new stake in GlaxoSmithKline in the 2nd quarter valued at $602,000. King Luther Capital Management Corp boosted its holdings in GlaxoSmithKline by 1.0% in the 2nd quarter. King Luther Capital Management Corp now owns 5,432 shares of the pharmaceutical company’s stock valued at $234,000 after purchasing an additional 55 shares during the period. Bahl & Gaynor Inc. boosted its holdings in GlaxoSmithKline by 0.9% in the 2nd quarter. Bahl & Gaynor Inc. now owns 17,481 shares of the pharmaceutical company’s stock valued at $673,000 after purchasing an additional 150 shares during the period. Stevens Capital Management LP boosted its holdings in GlaxoSmithKline by 17.1% in the 2nd quarter. Stevens Capital Management LP now owns 40,674 shares of the pharmaceutical company’s stock valued at $1,754,000 after purchasing an additional 5,933 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in GlaxoSmithKline by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,133,608 shares of the pharmaceutical company’s stock valued at $48,881,000 after purchasing an additional 3,698 shares during the period. 9.80% of the stock is owned by institutional investors and hedge funds.
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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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