5 Cheap Healthcare Stocks To Invest In

2. GSK plc (NYSE:GSK)

Price as of October 3: $30.25

GSK plc (NYSE:GSK) is one of the world’s largest pharmaceutical companies. In August 2022, it had the 8th largest market cap on the LSE at 70 billion GBP.

GSK plc (NYSE:GSK) has been paying dividends since 1988. As of October 3, the company has a dividend yield of 5.17% and a healthy and sustainable payout ratio of 48.19%. The latest quarterly dividend of $0.39 was declared on July 27, payable by October 6 to the shareholders of record on August 19.

On September 29, Oddo BHF analyst Martial Descoutures upgraded GSK plc (NYSE:GSK) to Outperform from Neutral with a 1,700 GPB price target.

According to the Insider Monkey database, GSK plc (NYSE:GSK) was a part of 34 hedge fund portfolios with a combined stake value of $2.378 billion. In the previous quarter, 33 hedge funds held a position in the company, valued at $2.316 billion.