Edgemoor Investment Advisors buys $13,956,323 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Edgemoor Investment Advisors scooped up 1,767 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 174,258 shares of Gilead Sciences which is valued at $13,956,323.Gilead Sciences makes up approximately 2.16% of Edgemoor Investment Advisors’s portfolio.

Other Hedge Funds, Including , Obermeyer Wood Investment Counsel Lllp added GILD to its portfolio by purchasing 368,354 company shares during the most recent quarter which is valued at $29,501,472. Gilead Sciences makes up approx 2.80% of Obermeyer Wood Investment Counsel Lllp’s portfolio.Smith Asset Management Group Lp reduced its stake in GILD by selling 605,688 shares or 61.45% in the most recent quarter. The Hedge Fund company now holds 380,043 shares of GILD which is valued at $31,083,717. Gilead Sciences makes up approx 0.90% of Smith Asset Management Group Lp’s portfolio.Lingohr Partner Asset Management Gmbh boosted its stake in GILD in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 12,347 shares of Gilead Sciences which is valued at $1,068,633. Gilead Sciences makes up approx 1.03% of Lingohr Partner Asset Management Gmbh’s portfolio.Capstone Asset Management Co reduced its stake in GILD by selling 1,189 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 123,679 shares of GILD which is valued at $10,605,474. Gilead Sciences makes up approx 0.31% of Capstone Asset Management Co’s portfolio.Community Trust Investment Co boosted its stake in GILD in the latest quarter, The investment management firm added 23,915 additional shares and now holds a total of 125,451 shares of Gilead Sciences which is valued at $10,757,423. Gilead Sciences makes up approx 1.34% of Community Trust Investment Co’s portfolio.

Gilead Sciences closed down -0.67 points or -0.83% at $79.74 with 95,11,596 shares getting traded on Monday. Post opening the session at $80.46, the shares hit an intraday low of $79.01 and an intraday high of $80.79 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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