In the last trading session, 3,180,000,000 shares of the GlaxoSmithKline plc (NYSE:GSK) were traded, and its beta was 0.68. Most recently the company’s share price was $36.02, and it changed around -$0.06 or 0% from the last close, which brings the market valuation of the company to $88.75 Billion. GSK currently trades at a discount to its 52-week high of $43.18, offering almost -19.88% off that amount. The share price’s 52-week low was $33.26, which indicates that the current value has risen by an impressive 7.66% since then. We note from GlaxoSmithKline plc’s average daily trading volume that its 10-day average is 5.18 Million shares, with the 3-month average coming to 6.04 Million.
GlaxoSmithKline plc stock received a consensus recommendation rating of Hold, based on a mean score of 2. If we narrow it down even further, the data shows that 3 out of 24 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 12 recommended GSK as a Hold, whereas 9 deemed it a Buy, and no one rated it as Underweight. GlaxoSmithKline plc is expected to report earnings per share of $0 for the current quarter.
GlaxoSmithKline plc (NYSE:GSK): Trading Information
Although GSK has showed a red trend with a performance of -0.17% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $36.49 on Tuesday, Mar 30 increased the stock’s daily price by 1.27%. The company’s shares are currently down -0.02% year-to-date, but still down -0.0183 over the last five days. On the other hand, GlaxoSmithKline plc (NYSE:GSK) is 0.03% up in the 30-day period. We can see from the shorts that 23.52 Million shares have been sold at a short interest cover period of 3.89 day (s).
The consensus price target as assigned by Wall Street analysts is $42.69, which translates to bears needing to increase their stock price by 18.52% from its current value. Analyst projections state that GSK is forecast to be at a low of $31.72 and a high of $54.03. In order for the stock price to hit the forecast high, the stock would need to surge +50% from its current level, while the stock would need to crash -11.94% from its current level to reach the projected low.
GlaxoSmithKline plc (GSK) projections and forecasts
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $11.5 Billion in revenue for the current quarter. 2 analysts expect GlaxoSmithKline plc to make $10.83 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $11.64 Billion. Analysts predict that the company’s current quarter sales will drop, forecast at -1.2%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -7.9%. GlaxoSmithKline plc earnings are expected to increase by 23.2% in 2021, but the outlook is positive 4.7% per year for the next five years.
GSK Dividend Yield
GlaxoSmithKline plc’s next quarterly earnings report is expected to be released around February 01 – February 06, 2017. The annual dividend yield of the stock is 5.85 percent and its annual dividend per share was $2.11. It is important to note, however, that the 5.85% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.21% per year.
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GlaxoSmithKline plc (NYSE:GSK)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.02% of GlaxoSmithKline plc shares, and 12.35% of them are in the hands of institutional investors. The stock currently has a share float of 12.35%. GlaxoSmithKline plc stock is held by 898 institutions, with Dodge & Cox Inc being the largest institutional investor. By Dec 30, 2020, it held 2.5% of the shares, which is about 62.94 Million shares worth $2.32 Billion.
FMR, LLC, with 0.77% or 19.36 Million shares worth $712.49 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and American Mutual Fund Inc were the top two Mutual Funds as of Dec 30, 2020. The former held 41455200 shares worth $1.53 Billion, making up 1.65% of all outstanding shares. On the other hand, American Mutual Fund Inc held roughly 17.66 Million shares worth around $657.87 Million, which represents about 0.7% of the total shares outstanding.