Whalerock Point Partners buys $4.6 Million stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Whalerock Point Partners scooped up 3,610 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 25, 2016. The investment management firm now holds a total of 54,015 shares of Gilead Sciences which is valued at $4.6 Million.Gilead Sciences makes up approximately 1.97% of Whalerock Point Partners’s portfolio.

Other Hedge Funds, Including , Shelter Mutual Insurance Co added GILD to its portfolio by purchasing 38,600 company shares during the most recent quarter which is valued at $3.2 Million. Gilead Sciences makes up approx 0.99% of Shelter Mutual Insurance Co’s portfolio.Epoch Investment Partners boosted its stake in GILD in the latest quarter, The investment management firm added 580,832 additional shares and now holds a total of 4,820,302 shares of Gilead Sciences which is valued at $398.6 Million. Gilead Sciences makes up approx 1.53% of Epoch Investment Partners’s portfolio.Pioneer Investment Management Inc boosted its stake in GILD in the latest quarter, The investment management firm added 307,970 additional shares and now holds a total of 3,700,967 shares of Gilead Sciences which is valued at $306.1 Million. Gilead Sciences makes up approx 1.17% of Pioneer Investment Management Inc’s portfolio.

Gilead Sciences closed down -0.48 points or -0.55% at $86.58 with 74,51,798 shares getting traded on Wednesday. Post opening the session at $87.23, the shares hit an intraday low of $86.3101 and an intraday high of $87.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Gilead Sciences reported $3.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $3.13. The company had revenue of $7794.00 million for the quarter, compared to analysts expectations of $8065.42 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.

Investors should note that on Apr 28, 2016, Gilead Sciences announced a cash dividend of $0.4700. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 29, 2016.

Many Wall Street Analysts have commented on Gilead Sciences. Gabelli & Co Initiated Gilead Sciences on Jun 1, 2016 to “Buy”, Price Target of the shares are set at $109.Gilead Sciences was Downgraded by Maxim Group to ” Hold” on Apr 29, 2016. Shares were Reiterated by UBS on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 118 from a previous price target of $130 .

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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