Target (TGT) Holder Jacobs & Co Cut Its Stake; As Glaxo Smithkline Plc (GSK) Valuation Rose, Shareholder Beacon Financial Group Lifted Its Position

December 8, 2017 - By Winifred Garcia

Beacon Financial Group increased its stake in Glaxo Smithkline Plc (GSK) by 5.75% based on its latest 2017Q2 regulatory filing with the SEC. Beacon Financial Group bought 9,206 shares as the company’s stock rose 5.47% with the market. The institutional investor held 169,223 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $7.32 million, up from 160,017 at the end of the previous reported quarter. Beacon Financial Group who had been investing in Glaxo Smithkline Plc for a number of months, seems to be bullish on the $81.23 billion market cap company. The stock increased 0.52% or $0.18 during the last trading session, reaching $34.84. About 6.52M shares traded or 32.61% up from the average. GlaxoSmithKline plc (NYSE:GSK) has risen 4.26% since December 8, 2016 and is uptrending. It has underperformed by 12.44% the S&P500.

Jacobs & Co decreased its stake in Target Corporation (TGT) by 80.48% based on its latest 2017Q2 regulatory filing with the SEC. Jacobs & Co sold 69,933 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 16,963 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $886,000, down from 86,896 at the end of the previous reported quarter. Jacobs & Co who had been investing in Target Corporation for a number of months, seems to be less bullish one the $33.21B market cap company. The stock increased 0.61% or $0.37 during the last trading session, reaching $61.09. About 3.97 million shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since December 8, 2016 and is downtrending. It has underperformed by 33.21% the S&P500.

Beacon Financial Group, which manages about $526.89 million US Long portfolio, decreased its stake in Cerner Corp (NASDAQ:CERN) by 3,590 shares to 2,279 shares, valued at $300,000 in 2017Q2, according to the filing. It also reduced its holding in Blackrock Inc (NYSE:BLK) by 959 shares in the quarter, leaving it with 671 shares, and cut its stake in Altria Group Inc (NYSE:MO).

Among 16 analysts covering GlaxoSmithKline (NYSE:GSK), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. GlaxoSmithKline had 25 analyst reports since September 8, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, January 27 by Bryan Garnier & Cie. The rating was upgraded by UBS to “Buy” on Monday, November 27. The stock of GlaxoSmithKline plc (NYSE:GSK) has “Hold” rating given on Thursday, October 26 by Bank of America. The stock of GlaxoSmithKline plc (NYSE:GSK) has “Buy” rating given on Friday, May 26 by Berenberg. The firm has “Buy” rating given on Wednesday, December 9 by Bank of America. Jefferies upgraded the stock to “Buy” rating in Thursday, July 14 report. The stock of GlaxoSmithKline plc (NYSE:GSK) earned “Neutral” rating by JP Morgan on Monday, October 12. The stock of GlaxoSmithKline plc (NYSE:GSK) has “Neutral” rating given on Tuesday, October 20 by Credit Suisse. As per Wednesday, September 14, the company rating was downgraded by BNP Paribas. The firm has “Overweight” rating given on Friday, September 23 by Piperjaffray.

More news for GlaxoSmithKline plc (NYSE:GSK) were recently published by: Benzinga.com, which released: “Dynavax Awaits FDA Verdict On Hepatitis B Vaccine” on November 08, 2017. Foxbusiness.com‘s article titled: “ADRs End Mostly Lower; Banks Trade Actively” and published on December 06, 2017 is yet another important article.

Jacobs & Co, which manages about $521.56 million and $507.86M US Long portfolio, upped its stake in Walgreens Boots Alliance Inc by 5,323 shares to 106,679 shares, valued at $8.35M in 2017Q2, according to the filing. It also increased its holding in Newell Brands Inc (NYSE:NWL) by 15,240 shares in the quarter, for a total of 94,765 shares, and has risen its stake in Costco Companies Inc..

More notable recent Target Corporation (NYSE:TGT) news were published by: Investorplace.com which released: “Target Corporation Stock Still Has More Gifts to Give” on December 05, 2017, also Usnews.com with their article: “Target, Amazon Squeeze Grocery Stocks From 2 Sides” published on November 27, 2017, Seekingalpha.com published: “Target: Value Trap” on November 30, 2017. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “Target And The Mysterious Disappearance Of $3.2 Billion” published on November 16, 2017 as well as Seekingalpha.com‘s news article titled: “Target: There’s Still More Room For More Losses” with publication date: November 16, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: