Credit Suisse AG Cuts Position in GlaxoSmithKline PLC (NYSE:GSK)

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The share price of GlaxoSmithKline (LON:GSK) was down -2.55% during the last session with a day high of 1606.00. The pharmaceutical company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62.

In case of Revenue Estimates, 4 analysts have provided their consensus Average Revenue Estimates for GlaxoSmithKline plc as 10.35 Billion.

Many analysts are providing their Estimated Earnings analysis for GlaxoSmithKline plc and for the current quarter 2 analysts have projected that the stock could give an Average Earnings estimate of $0.83/share.

The Relative Volume of the company is 1.68 and Average Volume (3 months) is 2.76 million. The company has a market capitalization of $99.55 billion, a PE ratio of 45.58 and a beta of 1.04. With the last stock price close down -5.94% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. GlaxoSmithKline plc has a 52-week low of GBX 1,446.50 and a 52-week high of GBX 1,745.56.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, August 11th will be given a $0.491 dividend. The ex-dividend date is Wednesday, August 9th. GlaxoSmithKline plc has its outstanding Shares of 2.44 Billion. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 1.4%. GlaxoSmithKline PLC's dividend payout ratio is now 194.00%. If you are reading this article on another publication, it was illegally copied and reposted in violation of USA & global trademark & copyright law.

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A number of analysts have commented on the company. On average, equities research analysts predict that GlaxoSmithKline PLC will post $2.86 earnings per share for the current fiscal year. Zacks Investment Research cut GlaxoSmithKline PLC from a "buy" rating to a "hold" rating in a research report on Friday, July 21st. J P Morgan Chase & Co reissued a "neutral" rating on shares of GlaxoSmithKline PLC in a report on Wednesday, May 31st. BNP Paribas raised shares of GlaxoSmithKline PLC from an "underperform" rating to a "neutral" rating and lowered their price target for the company from $45.58 to $37.20 in a report on Wednesday, April 5th.

5/26/2017-Berenberg Bank Upgrade from a "Hold " rating to a " Buy" rating. Institutional investors own 8.98% of the company's stock. Thrivent Financial For Lutherans boosted its stake in GlaxoSmithKline PLC by 87,023.5% in the first quarter. John G Ullman & Associates Inc. now owns 139,158 shares of the pharmaceutical company's stock worth $6,000,000 after buying an additional 11,770 shares during the period. Fisher Asset Management LLC raised its position in shares of GlaxoSmithKline PLC by 1.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 21,479 shares of the pharmaceutical company's stock worth $926,000 after buying an additional 596 shares during the period. Renaissance Technologies LLC raised its position in shares of GlaxoSmithKline PLC by 42.7% in the first quarter. Reliance Trust Co. of DE now owns 5,338 shares of the pharmaceutical company's stock worth $230,000 after buying an additional 392 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of GlaxoSmithKline PLC by 45.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 95,292 shares of the pharmaceutical company's stock valued at $4,017,000 after buying an additional 88,987 shares in the last quarter. Heritage Trust Co bought a new position in shares of GlaxoSmithKline PLC during the first quarter worth about $123,000. Augustine Asset Management Inc. now owns 17,585 shares of the pharmaceutical company's stock valued at $741,000 after buying an additional 3,355 shares in the last quarter.

GlaxoSmithKline PLC (NYSE:GSK) has insider ownership of 10.00% and institutional ownership of 8.98%.

GlaxoSmithKline plc (GSK) has an Analysts' Mean Recommendation of 2, according to data compiled by Finviz. The corporation operates through around 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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