Boulegeris Investments buys $6,290,706 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Boulegeris Investments scooped up 235 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 73,361 shares of Gilead Sciences which is valued at $6,290,706.Gilead Sciences makes up approximately 4.16% of Boulegeris Investments’s portfolio.

Other Hedge Funds, Including , Patton Albertson Miller Group reduced its stake in GILD by selling 1,592 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 22,878 shares of GILD which is valued at $1,961,789. Gilead Sciences makes up approx 0.86% of Patton Albertson Miller Group’s portfolio.Pacwest Financial Management Inc boosted its stake in GILD in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 16,070 shares of Gilead Sciences which is valued at $1,378,003. Gilead Sciences makes up approx 0.84% of Pacwest Financial Management Inc’s portfolio.Firstmerit Bank N A Trustee boosted its stake in GILD in the latest quarter, The investment management firm added 134 additional shares and now holds a total of 3,775 shares of Gilead Sciences which is valued at $323,706. Gilead Sciences makes up approx 0.03% of Firstmerit Bank N A Trustee’s portfolio.Raymond James Trust N.a. boosted its stake in GILD in the latest quarter, The investment management firm added 744 additional shares and now holds a total of 16,033 shares of Gilead Sciences which is valued at $1,387,656. Gilead Sciences makes up approx 0.12% of Raymond James Trust N.a.’s portfolio.First American Trust Fsb reduced its stake in GILD by selling 2,500 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 30,432 shares of GILD which is valued at $2,633,890. Gilead Sciences makes up approx 0.92% of First American Trust Fsb’s portfolio.

Gilead Sciences opened for trading at $85.67 and hit $87.96 on the upside on Friday, eventually ending the session at $86.67, with a gain of 1.32% or 1.13 points. The heightened volatility saw the trading volume jump to 1,14,83,309 shares. Company has a market cap of $115,429 M.

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.

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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