Excalibur Management Corp buys $2,784,541 stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Excalibur Management Corp scooped up 145 additional shares in Gilead Sciences during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 34,045 shares of Gilead Sciences which is valued at $2,784,541.Gilead Sciences makes up approximately 2.36% of Excalibur Management Corp’s portfolio.

Other Hedge Funds, Including , Investment House boosted its stake in GILD in the latest quarter, The investment management firm added 443 additional shares and now holds a total of 96,453 shares of Gilead Sciences which is valued at $7,888,891. Gilead Sciences makes up approx 1.21% of Investment House’s portfolio.Kelman-lazarov boosted its stake in GILD in the latest quarter, The investment management firm added 445 additional shares and now holds a total of 7,360 shares of Gilead Sciences which is valued at $639,805. Gilead Sciences makes up approx 0.36% of Kelman-lazarov’s portfolio.Naples Global Advisors reduced its stake in GILD by selling 4,848 shares or 50.56% in the most recent quarter. The Hedge Fund company now holds 4,740 shares of GILD which is valued at $406,455. Gilead Sciences makes up approx 0.16% of Naples Global Advisors’s portfolio.Benjamin F. Edwards Company boosted its stake in GILD in the latest quarter, The investment management firm added 8,409 additional shares and now holds a total of 31,384 shares of Gilead Sciences which is valued at $2,691,178. Gilead Sciences makes up approx 0.51% of Benjamin F. Edwards Company’s portfolio.Carl Domino Inc boosted its stake in GILD in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 18,090 shares of Gilead Sciences which is valued at $1,565,690. Gilead Sciences makes up approx 1.44% of Carl Domino Inc’s portfolio.

Gilead Sciences closed down -1.77 points or -2.18% at $79.47 with 1,94,65,672 shares getting traded on Friday. Post opening the session at $80.6, the shares hit an intraday low of $79.37 and an intraday high of $80.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Gilead Sciences reported $3.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $3.01. The company had revenue of $7776.00 million for the quarter, compared to analysts expectations of $7795.08 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.15 EPS.

Many Wall Street Analysts have commented on Gilead Sciences. Gilead Sciences was Downgraded by Argus to ” Hold” on Jul 29, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 105 from a previous price target of $120 .Gilead Sciences was Downgraded by Needham to ” Hold” on Jul 26, 2016.

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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