Bellevue Group Ag Lowers stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Bellevue Group Ag reduced its stake in Gilead Sciences by 32.92% during the most recent quarter end. The investment management company now holds a total of 156,500 shares of Gilead Sciences which is valued at $12,466,790 after selling 76,800 shares in Gilead Sciences , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Gilead Sciences makes up approximately 2.16% of Bellevue Group Ag’s portfolio.

Other Hedge Funds, Including , Highland Private Wealth Management reduced its stake in GILD by selling 357 shares or 11.33% in the most recent quarter. The Hedge Fund company now holds 2,795 shares of GILD which is valued at $222,650. Gilead Sciences makes up approx 0.12% of Highland Private Wealth Management’s portfolio.Winch Advisory Services reduced its stake in GILD by selling 150 shares or 51.19% in the most recent quarter. The Hedge Fund company now holds 143 shares of GILD which is valued at $11,391. Gilead Sciences makes up approx 0.01% of Winch Advisory Services’s portfolio.Central Trust Co reduced its stake in GILD by selling 2,279 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 115,969 shares of GILD which is valued at $9,227,653. Gilead Sciences makes up approx 0.67% of Central Trust Co’s portfolio.De Burlo Group Inc reduced its stake in GILD by selling 22,358 shares or 24.81% in the most recent quarter. The Hedge Fund company now holds 67,755 shares of GILD which is valued at $5,448,180. Gilead Sciences makes up approx 1.29% of De Burlo Group Inc’s portfolio.Highland Capital Management reduced its stake in GILD by selling 1,134 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 102,996 shares of GILD which is valued at $8,925,633. Gilead Sciences makes up approx 0.75% of Highland Capital Management’s portfolio.

Gilead Sciences closed down -1.6 points or -2.01% at $78.17 with 1,53,83,507 shares getting traded on Monday. Post opening the session at $79.65, the shares hit an intraday low of $77.63 and an intraday high of $79.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Gilead Sciences reported $3.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $3.01. The company had revenue of $7776.00 million for the quarter, compared to analysts expectations of $7795.08 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.15 EPS.

Investors should note that on Jul 25, 2016, Gilead Sciences announced a cash dividend of $0.4700. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 29, 2016.

Many Wall Street Analysts have commented on Gilead Sciences. Gilead Sciences was Downgraded by Argus to ” Hold” on Jul 29, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 105 from a previous price target of $120 .Gilead Sciences was Downgraded by Needham to ” Hold” on Jul 26, 2016.

Gilead Sciences Inc. (Gilead) is a research-based biopharmaceutical company that discovers develops and commercializes innovative medicines. The Company’s primary areas of focus include human immunodeficiency virus (HIV) liver diseases such as chronic hepatitis C virus (HCV) infection and chronic hepatitis B virus (HBV) infection oncology and inflammation and serious cardiovascular and respiratory conditions. The Company’s HIV products include Stribild Complera/Eviplera Atripla Truvada Viread Emtriva Tybost and Vitekta. Its Liver Diseases products include Harvoni Sovaldi Viread and Hepsera. Zydelig is the Company’s oncology product. Its Cardiovascular products include Letairis Ranexa and Lexiscan/Rapiscan. Its Respiratory products include Cayston and Tamiflu. Its other products include AmBisome and Macugen.

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