Gilead Sciences (GILD) : Foresters Investment Management Company scooped up 8,000 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 676,880 shares of Gilead Sciences which is valued at $53,920,261.Gilead Sciences makes up approximately 1.05% of Foresters Investment Management Company’s portfolio.
Other Hedge Funds, Including , Fiduciary Trust Co boosted its stake in GILD in the latest quarter, The investment management firm added 4,827 additional shares and now holds a total of 182,724 shares of Gilead Sciences which is valued at $14,555,794. Gilead Sciences makes up approx 0.50% of Fiduciary Trust Co’s portfolio.Gibraltar Capital Management reduced its stake in GILD by selling 642 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 51,248 shares of GILD which is valued at $4,104,452. Gilead Sciences makes up approx 4.78% of Gibraltar Capital Management’s portfolio.Bbva Compass Bancshares Inc reduced its stake in GILD by selling 4,173 shares or 16.11% in the most recent quarter. The Hedge Fund company now holds 21,732 shares of GILD which is valued at $1,727,042. Gilead Sciences makes up approx 0.13% of Bbva Compass Bancshares Inc’s portfolio.Atwood Palmer Inc boosted its stake in GILD in the latest quarter, The investment management firm added 1,172 additional shares and now holds a total of 237,648 shares of Gilead Sciences which is valued at $20,568,434. Gilead Sciences makes up approx 3.58% of Atwood Palmer Inc’s portfolio.Private Trust Co Na boosted its stake in GILD in the latest quarter, The investment management firm added 580 additional shares and now holds a total of 25,590 shares of Gilead Sciences which is valued at $2,217,629. Gilead Sciences makes up approx 0.56% of Private Trust Co Na’s portfolio.
Gilead Sciences closed down -0.96 points or -1.22% at $77.42 with 1,24,03,880 shares getting traded on Thursday. Post opening the session at $78.43, the shares hit an intraday low of $76.94 and an intraday high of $78.455 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 Upgraded by Jefferies to ” Buy” on Sep 6, 2016. 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 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.