Capital Asset Advisory Services adds Gilead Sciences (GILD) to its portfolio

Gilead Sciences (GILD) : Capital Asset Advisory Services added new position in Gilead Sciences during the most recent quarter end. The investment management firm now holds 18,393 shares of Gilead Sciences which is valued at $1,807,848 , the company said in a statement filed on Apr 12, 2016 with the SEC.Gilead Sciences makes up approximately 2.06% of Capital Asset Advisory Services’s portfolio.

Gilead Sciences opened for trading at $98.53 and hit $98.98 on the upside on Friday, eventually ending the session at $98.29, with a gain of 0.10% or 0.1 points. The heightened volatility saw the trading volume jump to 89,10,623 shares. Company has a market cap of $134,347 M.

Other Hedge Funds, Including , Monroe Bank Trustmi boosted its stake in GILD in the latest quarter, The investment management firm added 69 additional shares and now holds a total of 369 shares of Gilead Sciences which is valued at $36,269. Gilead Sciences makes up approx 0.01% of Monroe Bank Trustmi’s portfolio.Newman Dignan Sheerar reduced its stake in GILD by selling 2,704 shares or 27.77% in the most recent quarter. The Hedge Fund company now holds 7,033 shares of GILD which is valued at $691,274. Gilead Sciences makes up approx 0.50% of Newman Dignan Sheerar’s portfolio.Creative Planning boosted its stake in GILD in the latest quarter, The investment management firm added 33,690 additional shares and now holds a total of 297,292 shares of Gilead Sciences which is valued at $28,489,492. Gilead Sciences makes up approx 0.22% of Creative Planning’s portfolio.Waverton Investment Management Ltd boosted its stake in GILD in the latest quarter, The investment management firm added 34,434 additional shares and now holds a total of 890,495 shares of Gilead Sciences which is valued at $85,336,136. Gilead Sciences makes up approx 6.49% of Waverton Investment Management Ltd’s portfolio.First American Bank reduced its stake in GILD by selling 38,943 shares or 24.16% in the most recent quarter. The Hedge Fund company now holds 122,278 shares of GILD which is valued at $11,717,901. Gilead Sciences makes up approx 1.22% of First American Bank’s portfolio.

On the company’s financial health, Gilead Sciences reported $3.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $2.98. The company had revenue of $8506.00 million for the quarter, compared to analysts expectations of $8163.83 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 EPS.

Many Wall Street Analysts have commented on Gilead Sciences. Shares were Reiterated by Leerink Partners on Mar 16, 2016 to “Outperform” and Lowered the Price Target to $ 127 from a previous price target of $130 .Citigroup Initiated Gilead Sciences on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $110.Shares were Reiterated by Maxim Group on Feb 12, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $137 .

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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