GlaxoSmithKline PLC (GSK) Cut to C+ at TheStreet
A number of other equities analysts have also recently issued reports on the company. BNP Paribas lowered their target price on GlaxoSmithKline PLC to $37.00 in a report on Thursday, April 6th. Berenberg Bank upgraded GlaxoSmithKline PLC from a hold rating to a buy rating in a report on Friday, May 26th. Zacks Investment Research upgraded GlaxoSmithKline PLC from a hold rating to a buy rating and set a $47.00 target price for the company in a report on Tuesday, July 18th. ValuEngine cut GlaxoSmithKline PLC from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Citigroup Inc. cut GlaxoSmithKline PLC from a buy rating to a neutral rating in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $46.00.
Shares of GlaxoSmithKline PLC (NYSE GSK) opened at 40.93 on Wednesday. The company’s 50-day moving average price is $42.84 and its 200-day moving average price is $41.78. GlaxoSmithKline PLC has a 52-week low of $37.20 and a 52-week high of $45.58. The firm has a market cap of $100.03 billion, a PE ratio of 40.36 and a beta of 1.04.
GlaxoSmithKline PLC (NYSE:GSK) last released its quarterly earnings data on Wednesday, July 26th. The pharmaceutical company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. GlaxoSmithKline PLC had a net margin of 6.48% and a return on equity of 114.93%. The business had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.52 billion. Equities analysts expect that GlaxoSmithKline PLC will post $2.84 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, August 11th will be paid a $0.491 dividend. 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 4.80%. The ex-dividend date of this dividend is Wednesday, August 9th. GlaxoSmithKline PLC’s dividend payout ratio (DPR) is 194.00%.
A number of large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of GlaxoSmithKline PLC by 45.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,410 shares of the pharmaceutical company’s stock valued at $102,000 after buying an additional 753 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of GlaxoSmithKline PLC by 1,747.4% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,494 shares of the pharmaceutical company’s stock valued at $105,000 after buying an additional 2,359 shares during the period. Proficio Capital Partners LLC increased its stake in shares of GlaxoSmithKline PLC by 233.0% in the first quarter. Proficio Capital Partners LLC now owns 2,844 shares of the pharmaceutical company’s stock valued at $122,000 after buying an additional 1,990 shares during the period. Heritage Trust Co purchased a new stake in shares of GlaxoSmithKline PLC during the first quarter valued at about $123,000. Finally, Westwood Holdings Group Inc. increased its stake in shares of GlaxoSmithKline PLC by 15.7% in the first quarter. Westwood Holdings Group Inc. now owns 2,950 shares of the pharmaceutical company’s stock valued at $124,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 8.98% of the company’s stock.
GlaxoSmithKline PLC Company Profile
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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