Westwood Holdings Group Inc. acquired a new stake in shares of GlaxoSmithKline plc (NYSE:GSK) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,121 shares of the pharmaceutical company’s stock, valued at approximately $125,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley lifted its stake in shares of GlaxoSmithKline by 5.8% in the 2nd quarter. Morgan Stanley now owns 3,845,882 shares of the pharmaceutical company’s stock valued at $153,912,000 after purchasing an additional 212,166 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of GlaxoSmithKline by 34.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 11,753 shares of the pharmaceutical company’s stock valued at $509,000 after purchasing an additional 3,033 shares during the period. Sio Capital Management LLC lifted its stake in shares of GlaxoSmithKline by 44.8% in the 2nd quarter. Sio Capital Management LLC now owns 379,500 shares of the pharmaceutical company’s stock valued at $15,188,000 after purchasing an additional 117,500 shares during the period. Assetmark Inc. lifted its stake in shares of GlaxoSmithKline by 99.0% in the 2nd quarter. Assetmark Inc. now owns 7,208 shares of the pharmaceutical company’s stock valued at $288,000 after purchasing an additional 3,586 shares during the period. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of GlaxoSmithKline in the 2nd quarter valued at $327,000. Hedge funds and other institutional investors own 11.12% of the company’s stock.
Several research firms recently issued reports on GSK. ValuEngine cut shares of GlaxoSmithKline from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Jefferies Financial Group reiterated a “buy” rating on shares of GlaxoSmithKline in a research note on Thursday, August 29th. Cowen reiterated a “hold” rating and issued a $45.00 target price on shares of GlaxoSmithKline in a research note on Monday, June 10th. Societe Generale upgraded shares of GlaxoSmithKline from a “sell” rating to a “buy” rating in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of GlaxoSmithKline in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $41.79.
GlaxoSmithKline (NYSE:GSK) last issued its quarterly earnings results on Wednesday, July 24th. The pharmaceutical company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.64 by $0.14. The company had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.55 billion. GlaxoSmithKline had a net margin of 13.84% and a return on equity of 175.45%. On average, sell-side analysts anticipate that GlaxoSmithKline plc will post 2.95 EPS for the current year.
In related news, Director Plc Glaxosmithkline purchased 177,777 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $45.00 per share, with a total value of $7,999,965.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 10.00% of the stock is currently owned by insiders.
GlaxoSmithKline plc engages in the creation, discovery, development, manufacture, and marketing of vaccines, over-the-counter medicines, and health-related consumer products worldwide. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare. The company offers pharmaceutical products comprising medicines in the therapeutic areas, such as respiratory, anti-virals, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterials, dermatology, rare diseases, immuno-inflammation, and HIV, as well as vaccines.
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