Howland Capital Management buys $25,482,076 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Howland Capital Management scooped up 1,334 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 259,254 shares of Gilead Sciences which is valued at $25,482,076.Gilead Sciences makes up approximately 2.56% of Howland Capital Management’s portfolio.

Gilead Sciences opened for trading at $98.17 and hit $99.73 on the upside on Monday, eventually ending the session at $99.2, with a gain of 0.93% or 0.91 points. The heightened volatility saw the trading volume jump to 80,67,829 shares. Company has a market cap of $135,591 M.

Other Hedge Funds, Including , Rnc Capital Management reduced its stake in GILD by selling 94 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 71,246 shares of GILD which is valued at $7,002,769. Gilead Sciences makes up approx 0.68% of Rnc Capital Management’s portfolio. Maple Securities Usa Inc added GILD to its portfolio by purchasing 10,196 company shares during the most recent quarter which is valued at $1,002,165. Gilead Sciences makes up approx 0.15% of Maple Securities Usa Inc’s portfolio.D. Scott Neal reduced its stake in GILD by selling 300 shares or 26.88% in the most recent quarter. The Hedge Fund company now holds 816 shares of GILD which is valued at $80,205. Gilead Sciences makes up approx 0.07% of D. Scott Neal’s portfolio.Central Trust Co reduced its stake in GILD by selling 12,333 shares or 9.44% in the most recent quarter. The Hedge Fund company now holds 118,248 shares of GILD which is valued at $11,622,596. Gilead Sciences makes up approx 0.91% of Central Trust Co’s portfolio.Eagle Asset Management Inc boosted its stake in GILD in the latest quarter, The investment management firm added 592 additional shares and now holds a total of 69,690 shares of Gilead Sciences which is valued at $6,678,393. Gilead Sciences makes up approx 0.05% of Eagle Asset Management Inc’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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