Gilead Sciences (GILD) : Howland Capital Management reduced its stake in Gilead Sciences by 2.05% during the most recent quarter end. The investment management company now holds a total of 253,307 shares of Gilead Sciences which is valued at $18,506,609 after selling 5,303 shares in Gilead Sciences , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Gilead Sciences makes up approximately 1.76% of Howland Capital Management’s portfolio.
Other Hedge Funds, Including , Edge Wealth Management boosted its stake in GILD in the latest quarter, The investment management firm added 6,261 additional shares and now holds a total of 49,762 shares of Gilead Sciences which is valued at $3,635,612. Gilead Sciences makes up approx 1.53% of Edge Wealth Management’s portfolio.Terra Nova Asset Management reduced its stake in GILD by selling 4,541 shares or 62.18% in the most recent quarter. The Hedge Fund company now holds 2,762 shares of GILD which is valued at $203,891. Gilead Sciences makes up approx 0.45% of Terra Nova Asset Management’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in GILD by selling 1,290 shares or 5.76% in the most recent quarter. The Hedge Fund company now holds 21,087 shares of GILD which is valued at $1,591,858. Gilead Sciences makes up approx 0.30% of First Financial Bank N.a. – Trust Division’s portfolio.Gradient Investments boosted its stake in GILD in the latest quarter, The investment management firm added 60,264 additional shares and now holds a total of 63,540 shares of Gilead Sciences which is valued at $4,796,635. Gilead Sciences makes up approx 0.47% of Gradient Investments’s portfolio.Lau Associates reduced its stake in GILD by selling 700 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 27,900 shares of GILD which is valued at $2,164,203. Gilead Sciences makes up approx 2.21% of Lau Associates’s portfolio.
Gilead Sciences closed down -1.67 points or -2.21% at $73.82 with 1,19,09,999 shares getting traded on Tuesday. Post opening the session at $75.14, the shares hit an intraday low of $73.56 and an intraday high of $75.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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.