Gilead Sciences (GILD) : Bank Of The West scooped up 3,354 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 106,275 shares of Gilead Sciences which is valued at $8,999,367.Gilead Sciences makes up approximately 1.25% of Bank Of The West’s portfolio.
Other Hedge Funds, Including , Smith Asset Management Group Lp boosted its stake in GILD in the latest quarter, The investment management firm added 13,354 additional shares and now holds a total of 985,731 shares of Gilead Sciences which is valued at $83,471,701. Gilead Sciences makes up approx 2.51% of Smith Asset Management Group Lp’s portfolio.Parsec Financial Management boosted its stake in GILD in the latest quarter, The investment management firm added 20,706 additional shares and now holds a total of 31,611 shares of Gilead Sciences which is valued at $2,788,406. Gilead Sciences makes up approx 0.27% of Parsec Financial Management’s portfolio.Parsons Capital Management Incri reduced its stake in GILD by selling 98 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 18,415 shares of GILD which is valued at $1,624,387. Gilead Sciences makes up approx 0.22% of Parsons Capital Management Incri’s portfolio.Redwood Investments boosted its stake in GILD in the latest quarter, The investment management firm added 4,580 additional shares and now holds a total of 166,653 shares of Gilead Sciences which is valued at $16,986,940. Gilead Sciences makes up approx 1.67% of Redwood Investments’s portfolio. Barry Investment Advisors added GILD to its portfolio by purchasing 3,090 company shares during the most recent quarter which is valued at $314,964. Gilead Sciences makes up approx 0.10% of Barry Investment Advisors’s portfolio.
Gilead Sciences opened for trading at $86.41 and hit $86.48 on the upside on Tuesday, eventually ending the session at $86.18, with a gain of 0.60% or 0.51 points. The heightened volatility saw the trading volume jump to 68,40,044 shares. Company has a market cap of $114,776 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. 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 .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 .
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.