GlaxoSmithKline PLC (GSK) Major Shareholder Plc Glaxosmithkline Acquires 428,571 Shares
GlaxoSmithKline PLC (NYSE:GSK) major shareholder Plc Glaxosmithkline purchased 428,571 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $14.00 per share, for a total transaction of $5,999,994.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
GlaxoSmithKline PLC (NYSE:GSK) traded down $0.32 during trading on Tuesday, reaching $35.82. The company’s stock had a trading volume of 4,914,490 shares, compared to its average volume of 5,470,000. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 2.96. The stock has a market cap of $86,680.00, a P/E ratio of 12.82, a PEG ratio of 2.00 and a beta of 1.00. GlaxoSmithKline PLC has a twelve month low of $35.70 and a twelve month high of $44.53.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.5037 per share. This represents a $2.01 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from GlaxoSmithKline PLC’s previous quarterly dividend of $0.49. GlaxoSmithKline PLC’s payout ratio is presently 158.40%.
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GSK has been the topic of a number of analyst reports. TheStreet upgraded GlaxoSmithKline PLC from a “c+” rating to a “b” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded GlaxoSmithKline PLC from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, July 18th. Argus restated a “buy” rating and set a $50.00 target price on shares of GlaxoSmithKline PLC in a research note on Thursday, August 31st. Investec downgraded GlaxoSmithKline PLC from a “buy” rating to a “hold” rating in a research note on Monday. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of GlaxoSmithKline PLC in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.33.
A number of institutional investors have recently bought and sold shares of GSK. Renaissance Technologies LLC grew its stake in GlaxoSmithKline PLC by 112.1% during the 2nd quarter. Renaissance Technologies LLC now owns 9,338,000 shares of the pharmaceutical company’s stock valued at $402,655,000 after purchasing an additional 4,935,900 shares during the last quarter. FMR LLC grew its stake in GlaxoSmithKline PLC by 5.9% during the 2nd quarter. FMR LLC now owns 25,024,276 shares of the pharmaceutical company’s stock valued at $1,079,047,000 after purchasing an additional 1,389,238 shares during the last quarter. Federated Investors Inc. PA grew its stake in GlaxoSmithKline PLC by 22.7% during the 2nd quarter. Federated Investors Inc. PA now owns 4,511,155 shares of the pharmaceutical company’s stock valued at $194,521,000 after purchasing an additional 833,501 shares during the last quarter. Marshall Wace North America L.P. grew its stake in GlaxoSmithKline PLC by 148.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,119,491 shares of the pharmaceutical company’s stock valued at $48,138,000 after purchasing an additional 668,088 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in GlaxoSmithKline PLC by 4.7% during the 2nd quarter. Fisher Asset Management LLC now owns 12,534,385 shares of the pharmaceutical company’s stock valued at $540,483,000 after purchasing an additional 564,519 shares during the last quarter. Institutional investors and hedge funds own 9.29% 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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