Central Bank Trust Co Lowers stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Central Bank Trust Co reduced its stake in Gilead Sciences by 56.87% during the most recent quarter end. The investment management company now holds a total of 7,875 shares of Gilead Sciences which is valued at $592,515 after selling 10,382 shares in Gilead Sciences , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Gilead Sciences makes up approximately 0.17% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Arvest Bank Trust Division reduced its stake in GILD by selling 558 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 244,056 shares of GILD which is valued at $18,362,773. Gilead Sciences makes up approx 1.55% of Arvest Bank Trust Division’s portfolio.Telemus Capital boosted its stake in GILD in the latest quarter, The investment management firm added 2,211 additional shares and now holds a total of 61,414 shares of Gilead Sciences which is valued at $4,763,884. Gilead Sciences makes up approx 0.53% of Telemus Capital’s portfolio.First American Trust Fsb reduced its stake in GILD by selling 27,156 shares or 89.24% in the most recent quarter. The Hedge Fund company now holds 3,276 shares of GILD which is valued at $254,119. Gilead Sciences makes up approx 0.08% of First American Trust Fsb’s portfolio. Kempner Capital Management added GILD to its portfolio by purchasing 10,810 company shares during the most recent quarter which is valued at $838,532. Gilead Sciences makes up approx 0.58% of Kempner Capital Management’s portfolio.

Gilead Sciences closed down -0.97 points or -1.27% at $75.24 with 1,11,49,150 shares getting traded on Friday. Post opening the session at $76.45, the shares hit an intraday low of $74.92 and an intraday high of $76.48 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on Gilead Sciences. Shares were Reiterated by RBC Capital Mkts on Oct 3, 2016 to “Outperform” and Lowered the Price Target to $ 95 from a previous price target of $105 .Shares were Downgraded by Leerink Partners on Sep 27, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 94 from a previous price target of $112 .Berenberg Initiated Gilead Sciences on Sep 12, 2016 to “Buy”, Price Target of the shares are set at $112.

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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