Gilead Sciences (GILD) : Arbor Wealth Management scooped up 27,406 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 31,833 shares of Gilead Sciences which is valued at $2,535,817.Gilead Sciences makes up approximately 2.38% of Arbor Wealth Management’s portfolio.
Other Hedge Funds, Including , Addenda Capital reduced its stake in GILD by selling 7,016 shares or 5.48% in the most recent quarter. The Hedge Fund company now holds 120,944 shares of GILD which is valued at $9,634,399. Gilead Sciences makes up approx 0.76% of Addenda Capital’s portfolio.Dimensional Fund Advisors Lp boosted its stake in GILD in the latest quarter, The investment management firm added 33,533 additional shares and now holds a total of 3,034,616 shares of Gilead Sciences which is valued at $241,980,280. Gilead Sciences makes up approx 0.13% of Dimensional Fund Advisors Lp’s portfolio.Torray reduced its stake in GILD by selling 156,103 shares or 34.43% in the most recent quarter. The Hedge Fund company now holds 297,317 shares of GILD which is valued at $23,907,260. Gilead Sciences makes up approx 1.73% of Torray’s portfolio.Capwealth Advisors boosted its stake in GILD in the latest quarter, The investment management firm added 3,066 additional shares and now holds a total of 113,101 shares of Gilead Sciences which is valued at $9,058,259. Gilead Sciences makes up approx 2.16% of Capwealth Advisors’s portfolio.
Gilead Sciences opened for trading at $80.56 and hit $81.1757 on the upside on Friday, eventually ending the session at $81, with a gain of 0.51% or 0.41 points. The heightened volatility saw the trading volume jump to 82,27,939 shares. Company has a market cap of $106,892 M.
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 Companys 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 Companys 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 Companys 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.