GlaxoSmithKline (GSK) Downgraded by ValuEngine

The Kahn Brothers Group Inc holds 1.02 million shares with $41.46 billion value, down from 1.06M last quarter. GlaxoSmithKline accounts for 0.9% of Bogart Wealth LLC's investment portfolio, making the stock its 28th biggest holding. Bank of Hawaii's holdings in GlaxoSmithKline PLC were worth $6,572,000 at the end of the most recent quarter.

A number of analysts recently weighed in on the stock. Advisory Services Network LLC raised its stake in GlaxoSmithKline by 24.2% during the second quarter.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -9.08%, and has a solid year to date (YTD) performance of 2.62% which means that the stock is constantly adding to its value from the previous fiscal year end price. The stock increased 0.48% or $0.17 during the last trading session, reaching $36.58. Fisher Asset Management LLC grew its position in GlaxoSmithKline by 2.3% in the third quarter. Energy Opportunities Capital Management Llc sold 16,675 shares as the company's stock declined 3.74% while stock markets rallied. Point72 Asset Management L.P. increased its stake in GlaxoSmithKline by 504.4% in the 3rd quarter. The Oak Ridge Investments Llc holds 447,963 shares with $29.54M value, up from 405,772 last quarter. Finally, Seatown Holdings Pte. Renaissance Technologies LLC now owns 9,338,000 shares of the pharmaceutical company's stock valued at $402,655,000 after acquiring an additional 4,935,900 shares during the period. The shares were purchased at an average cost of GBX 1,518 ($20.30) per share, for a total transaction of £7,180.14 ($9,600.40). Company insiders own 10.00% of the company's stock.

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Several research firms have recently weighed in on GSK. Bank of America downgraded GlaxoSmithKline plc (NYSE:GSK) on Thursday, October 26 to "Hold" rating. Morgan Stanley maintained the stock with "Equalwt/In-Line" rating in Friday, December 18 report. The firm has "Buy" rating given on Monday, December 7 by Argus Research. Below is a list of GlaxoSmithKline plc (NYSE:GSK) latest ratings and price target changes. The rating was upgraded by Berenberg on Friday, May 26 to "Buy". The stock of GlaxoSmithKline plc (NYSE:GSK) earned "Buy" rating by Bryan Garnier & Cie on Wednesday, January 27. The company now has a consensus rating of "Hold" and a consensus price target of $38.57. Zacks Investment Research downgraded GlaxoSmithKline PLC from a "hold" rating to a "sell" rating in a research note on Wednesday, October 5th. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.44 and a current ratio of 0.64. GlaxoSmithKline has a fifty-two week low of $34.52 and a fifty-two week high of $44.53. The company has market cap of 66.07 billion GBP. Stockholders of record on Thursday, November 9th will be given a GBX 19 ($0.26) dividend. The ex-dividend date is Thursday, November 9th. This represents a $2.01 dividend on an annualized basis and a yield of 5.54%. After $0.59 actual EPS reported by XPO Logistics, Inc. for the previous quarter, Wall Street now forecasts -27.12% negative EPS growth. GlaxoSmithKline's payout ratio is 154.26%.

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GlaxoSmithKline plc (GSK) exchanged hands at an unexpectedly high level of 5.91 million shares over the course of the day. Glaxosmithkline Plc Adr now has $85.82B valuation. The Company's segments include Pharmaceuticals, Pharmaceuticals R&D, Vaccines and Consumer Healthcare. The firm 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, vaccines, and HIV.

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