Burns J W Co Incny buys $5,554,914 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Burns J W Co Incny scooped up 1,421 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 63,901 shares of Gilead Sciences which is valued at $5,554,914.Gilead Sciences makes up approximately 1.64% of Burns J W Co Incny’s portfolio.

Other Hedge Funds, Including , Handelsbanken Fonder Ab reduced its stake in GILD by selling 93,000 shares or 28.41% in the most recent quarter. The Hedge Fund company now holds 234,341 shares of GILD which is valued at $20,371,263. Gilead Sciences makes up approx 0.81% of Handelsbanken Fonder Ab’s portfolio.Capital Analysts reduced its stake in GILD by selling 329 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 14,814 shares of GILD which is valued at $1,287,781. Gilead Sciences makes up approx 0.25% of Capital Analysts’s portfolio.Bank Of Stockton boosted its stake in GILD in the latest quarter, The investment management firm added 565 additional shares and now holds a total of 7,528 shares of Gilead Sciences which is valued at $651,548. Gilead Sciences makes up approx 0.34% of Bank Of Stockton’s portfolio.Newman Dignan Sheerar reduced its stake in GILD by selling 1,756 shares or 24.97% in the most recent quarter. The Hedge Fund company now holds 5,277 shares of GILD which is valued at $456,724. Gilead Sciences makes up approx 0.29% of Newman Dignan Sheerar’s portfolio.Ct Financial Advisors reduced its stake in GILD by selling 400 shares or 40.0% in the most recent quarter. The Hedge Fund company now holds 600 shares of GILD which is valued at $51,930. Gilead Sciences makes up approx 0.03% of Ct Financial Advisors’s portfolio.

Gilead Sciences opened for trading at $86.94 and hit $87.34 on the upside on Monday, eventually ending the session at $86.93, with a gain of 0.30% or 0.26 points. The heightened volatility saw the trading volume jump to 67,88,252 shares. Company has a market cap of $115,775 M.

On the company’s financial health, Gilead Sciences reported $3.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $3.13. The company had revenue of $7794.00 million for the quarter, compared to analysts expectations of $8065.42 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.

Many Wall Street Analysts have commented on Gilead Sciences. Gabelli & Co Initiated Gilead Sciences on Jun 1, 2016 to “Buy”, Price Target of the shares are set at $109.Gilead Sciences was Downgraded by Maxim Group to ” Hold” on Apr 29, 2016. Shares were Reiterated by UBS on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 118 from a previous price target of $130 .

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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