GSK PLC Sponsored ADR $GSK Shares Bought by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. increased its holdings in GSK PLC by 4.7%, owning 375,481 shares worth approximately $14.4 million at the end of the second quarter.
• GSK recently reported earnings of $1.23 per share, surpassing analysts' expectations, and had a revenue of $10.64 billion for the quarter, significantly higher than the forecasted $7.92 billion.
• The company announced a quarterly dividend of $0.4206 per share, with a yield of 3.8%, amidst a payout ratio of 78.24%.

Cullen Frost Bankers Inc. raised its holdings in GSK PLC Sponsored ADR (NYSE:GSK - Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 375,481 shares of the pharmaceutical company's stock after purchasing an additional 16,999 shares during the period. Cullen Frost Bankers Inc.'s holdings in GSK were worth $14,418,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of GSK in the fourth quarter worth approximately $528,000. GAMMA Investing LLC boosted its stake in shares of GSK by 107.8% in the first quarter. GAMMA Investing LLC now owns 4,447 shares of the pharmaceutical company's stock worth $172,000 after acquiring an additional 2,307 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of GSK by 2.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 178,510 shares of the pharmaceutical company's stock worth $6,915,000 after acquiring an additional 3,822 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of GSK by 20.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 140,106 shares of the pharmaceutical company's stock worth $5,428,000 after acquiring an additional 23,369 shares during the last quarter. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of GSK in the first quarter worth approximately $692,000. 15.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GSK. Weiss Ratings reiterated a "hold (c)" rating on shares of GSK in a research report on Wednesday, October 8th. Wall Street Zen upgraded GSK from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GSK presently has an average rating of "Reduce" and an average target price of $37.38.

GSK Price Performance

NYSE:GSK opened at $44.21 on Thursday. GSK PLC Sponsored ADR has a 52 week low of $31.72 and a 52 week high of $45.59. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $89.87 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.98 and a beta of 0.53. The stock's fifty day moving average is $41.31 and its two-hundred day moving average is $39.16.

GSK (NYSE:GSK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The pharmaceutical company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.11. GSK had a return on equity of 49.22% and a net margin of 10.81%.The business had revenue of $10.64 billion during the quarter, compared to analysts' expectations of $7.92 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The company's revenue was up 1.3% on a year-over-year basis. GSK has set its FY 2025 guidance at 4.590-4.590 EPS. Equities analysts expect that GSK PLC Sponsored ADR will post 4.14 EPS for the current year.

GSK Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Friday, August 15th were paid a dividend of $0.4206 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, August 15th. GSK's payout ratio is presently 78.24%.

GSK Profile

GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, and specialty and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through two segments, Commercial Operations and Total R&D.

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