Gilead Sciences (GILD) : Regent Investment Management reduced its stake in Gilead Sciences by 2.21% during the most recent quarter end. The investment management company now holds a total of 39,257 shares of Gilead Sciences which is valued at $3,412,611 after selling 888 shares in Gilead Sciences , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Gilead Sciences makes up approximately 1.78% of Regent Investment Management’s portfolio.
Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in GILD by selling 6,680 shares or 30.69% in the most recent quarter. The Hedge Fund company now holds 15,088 shares of GILD which is valued at $1,311,600. Gilead Sciences makes up approx 0.40% of Independent Portfolio Consultants’s portfolio.Eqis Capital Management boosted its stake in GILD in the latest quarter, The investment management firm added 4,415 additional shares and now holds a total of 70,469 shares of Gilead Sciences which is valued at $6,125,870. Gilead Sciences makes up approx 0.40% of Eqis Capital Management’s portfolio.Fisher Asset Management reduced its stake in GILD by selling 40,537 shares or 8.32% in the most recent quarter. The Hedge Fund company now holds 446,493 shares of GILD which is valued at $38,286,775. Gilead Sciences makes up approx 0.07% of Fisher Asset Management’s portfolio.Triangle Securities Wealth Management reduced its stake in GILD by selling 580 shares or 7.34% in the most recent quarter. The Hedge Fund company now holds 7,317 shares of GILD which is valued at $633,286. Gilead Sciences makes up approx 0.47% of Triangle Securities Wealth Management’s portfolio.Cohen Lawrence B reduced its stake in GILD by selling 134 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 22,300 shares of GILD which is valued at $1,930,065. Gilead Sciences makes up approx 1.13% of Cohen Lawrence B’s portfolio.
Gilead Sciences opened for trading at $86.94 and hit $87.34 on the upside on Monday, eventually ending the session at $86.93, with a gain of 0.30% or 0.26 points. The heightened volatility saw the trading volume jump to 67,88,252 shares. Company has a market cap of $115,775 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 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.