Shareholders of GlaxoSmithKline plc (ADR) (NYSE:GSK) Consumer Nigeria Plc approved a dividend of N1.243 billion for the year ended December 31, 2103 even as they commended Chief Olusegun Osunkeye for his contributions to the growth of the company over the years. Osunkeye announced his retirement as chairman of GSK Nigeria yesterday at the 43rd Annual General Meeting (AGM) of the company in Lagos, while Mr. Edmund Onuzo became the new chairman. GlaxoSmithKline plc (ADR) (NYSE:GSK) net profit margin is 27.60% and weekly performance is 2.28%. On last trading day company shares ended up $54.30. Analysts mean target price for the company is $60.33. GlaxoSmithKline plc (ADR) (NYSE:GSK) distance from 50-day simple moving average (SMA50) is 0.97%.
Raytheon Company (NYSE:RTN) has been awarded a $115.5 million contract to upgrade the U.S. Navy’s Phalanx close-in weapon systems. The company will work to remanufacture and modernize the computer-controlled radar and 20-mm gun system, Raytheon said Wednesday. Raytheon Company (NYSE:RTN) shares fell -1.12% in last trading session and ended the day on $96.48. RTN gross Margin is 22.50% and its return on assets is 8.00%.Raytheon Company (NYSE:RTN) quarterly performance is -2.67%.
Merck & Co. Inc. (NYSE:MRK) CEO Kenneth C. Frazier sold 9,985 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $58.06, for a total transaction of $579,729.10. Following the transaction, the chief executive officer now directly owns 338,598 shares of the company’s stock, valued at approximately $19,659,000. Merck & Co., Inc. (NYSE:MRK) shares moved up 0.55% in last trading session and was closed at $58.81, while trading in range of $58.40 – $59.03. Merck & Co., Inc. (NYSE:MRK) year to date (YTD) performance is 18.43%.
Textron Inc. (NYSE:TXT) announced a quarterly dividend on Wednesday, April 23rd, AnalystRatingsNetwork.com reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.02 per share on Tuesday, July 1st. This represents a $0.08 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Wednesday, June 11th. Textron Inc. (NYSE:TXT) ended the last trading day at $40.19. Company weekly volatility is calculated as 1.53% and price to cash ratio as 14.38.Textron Inc. (NYSE:TXT) showed a positive weekly performance of 2.63%.
CNN mentioned the cost of former blockbuster Gleevec, developed by Roche Holding Ltd. (ADR) (OTCMKTS:RHHBY) which, when it was first approved, cost $30,000 and now costs over $90,000. On last trading day company shares ended up $37.60.
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