The Deutsche Bank AG Reaffirms "Hold" Rating for GlaxoSmithKline plc (LON:GSK)

Sandy Spring Bank reduced its position in shares of GlaxoSmithKline PLC (NYSE:GSK) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Wetherby Asset Management Inc sold 10,267 shares as Glaxosmithkline Plc (GSK)'s stock rose 5.47%.

Institutional investors have recently modified their holdings of the company.

GSK has been the topic of several other reports. Wesbanco Bank Inc. now owns 12,765 shares of the pharmaceutical company's stock worth $538,000 after buying an additional 350 shares during the last quarter. The SI to Glaxosmithkline Plc's float is 0.2%. Advisory Services Network LLC bought a new position in shares of GlaxoSmithKline PLC during the first quarter worth approximately $137,000. Dodge & Cox purchased a new stake in shares of GlaxoSmithKline PLC during the fourth quarter worth about $1,416,000. The stock of GlaxoSmithKline plc (ADR) (NYSE:GSK) has "Buy" rating given on Friday, May 26 by Berenberg. The company has market cap of $103.28 billion. The 50 day moving average was down by -2.39% and the 200 day average went up by +3.03%. GlaxoSmithKline PLC has a 52 week low of $37.20 and a 52 week high of $45.58. The value of the total investment in GlaxoSmithKline PLC increased from $4,442,000 to $4,690,000 a change of 5.6% since the last quarter. As of the latest earnings report the EPS was $0.89 and is expected to be $2.82 for the current year with 2,443,000,000 shares outstanding. GlaxoSmithKline PLC had a return on equity of 113.31% and a net margin of 5.48%. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.09 billion. Next quarter's EPS is estimated at $0.81 and the next full year EPS is anticipated to be $2.86.

The company also recently declared a dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, May 12th were issued a $0.483 dividend. After $0.62 actual earnings per share reported by GlaxoSmithKline plc (ADR) for the previous quarter, Wall Street now forecasts 14.52 % EPS growth. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Thursday, May 11th. GlaxoSmithKline PLC's dividend payout ratio is now 233.74%.

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Quite a few brokerage firms published research study on GSK Stocks. The stock of GlaxoSmithKline plc (ADR) (NYSE:GSK) earned "Buy" rating by Bank of America on Wednesday, December 9. The rating was initiated by Piperjaffray on Friday, September 23 with "Overweight". J P Morgan Chase Co maintained the shares of GSK in report on Friday, June 16 with "Neutral" rating. Finally, Barclays PLC started coverage on shares of GlaxoSmithKline PLC in a report on Tuesday, March 7th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock.

Wetherby Asset Management Inc decreased Glaxosmithkline Plc (GSK) stake by 39.3% reported in 2016Q4 SEC filing. The Firm operates through three divisions: Pharmaceuticals, Vaccines and Consumer Healthcare. The Firm focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus /infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases. Credit Suisse upgraded the shares of GSK in report on Tuesday, October 20 to "Neutral" rating.

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