GlaxoSmithKline plc (GSK) Shares Sold by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. reduced its stake in GlaxoSmithKline plc (NYSE:GSK) by 52.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,542 shares of the pharmaceutical company’s stock after selling 13,992 shares during the period. Semmax Financial Advisors Inc.’s holdings in GlaxoSmithKline were worth $524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. D Orazio & Associates Inc. grew its position in shares of GlaxoSmithKline by 200.0% during the first quarter. D Orazio & Associates Inc. now owns 600 shares of the pharmaceutical company’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Claybrook Capital LLC acquired a new position in shares of GlaxoSmithKline during the fourth quarter worth about $26,000. Berman Capital Advisors LLC acquired a new position in shares of GlaxoSmithKline during the fourth quarter worth about $32,000. Orrstown Financial Services Inc. grew its position in shares of GlaxoSmithKline by 210.7% during the first quarter. Orrstown Financial Services Inc. now owns 932 shares of the pharmaceutical company’s stock worth $39,000 after buying an additional 632 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in shares of GlaxoSmithKline during the first quarter worth about $39,000. Hedge funds and other institutional investors own 11.12% of the company’s stock.

Shares of GSK opened at $39.46 on Friday. The company has a debt-to-equity ratio of 6.92, a current ratio of 0.72 and a quick ratio of 0.48. The company has a market capitalization of $97.88 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74. GlaxoSmithKline plc has a 52-week low of $36.41 and a 52-week high of $42.36.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Friday, May 17th will be issued a $0.4953 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, May 16th. GlaxoSmithKline’s dividend payout ratio (DPR) is 61.71%.

A number of equities analysts have recently commented on GSK shares. UBS Group downgraded GlaxoSmithKline from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Shore Capital downgraded GlaxoSmithKline from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Finally, Zacks Investment Research raised GlaxoSmithKline from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.83.

In other GlaxoSmithKline news, Director Plc Glaxosmithkline purchased 325,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average cost of $18.00 per share, with a total value of $5,850,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.00% of the company’s stock.

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GlaxoSmithKline Company Profile

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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Institutional Ownership by Quarter for GlaxoSmithKline (NYSE:GSK)

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