Compton Capital Management Inc Ri buys $5,670,596 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Compton Capital Management Inc Ri scooped up 570 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 66,965 shares of Gilead Sciences which is valued at $5,670,596.Gilead Sciences makes up approximately 3.23% of Compton Capital Management Inc Ri’s portfolio.

Gilead Sciences closed down -1.18 points or -1.37% at $84.68 with 92,71,287 shares getting traded on Friday. Post opening the session at $85.67, the shares hit an intraday low of $84.04 and an intraday high of $85.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Kornitzer Capital Management Inc Ks boosted its stake in GILD in the latest quarter, The investment management firm added 16,675 additional shares and now holds a total of 38,105 shares of Gilead Sciences which is valued at $3,226,731. Gilead Sciences makes up approx 0.06% of Kornitzer Capital Management Inc Ks’s portfolio.Bar Harbor Trust Services reduced its stake in GILD by selling 12,330 shares or 68.91% in the most recent quarter. The Hedge Fund company now holds 5,564 shares of GILD which is valued at $490,800. Gilead Sciences makes up approx 0.28% of Bar Harbor Trust Services’s portfolio.Cape Cod Five Cents Savings Bank reduced its stake in GILD by selling 114 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 3,155 shares of GILD which is valued at $278,303. Gilead Sciences makes up approx 0.05% of Cape Cod Five Cents Savings Bank’s portfolio. Penbrook Management sold out all of its stake in GILD during the most recent quarter. The investment firm sold 2,000 shares of GILD which is valued $203,860.Alta Capital Management boosted its stake in GILD in the latest quarter, The investment management firm added 111,288 additional shares and now holds a total of 203,289 shares of Gilead Sciences which is valued at $20,721,248. Gilead Sciences makes up approx 1.27% of Alta Capital Management’s portfolio.

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 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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