Gilead Sciences (GILD) : Tanaka Capital Management Inc reduced its stake in Gilead Sciences by 2.97% during the most recent quarter end. The investment management company now holds a total of 26,174 shares of Gilead Sciences which is valued at $2,085,021 after selling 802 shares in Gilead Sciences , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Gilead Sciences makes up approximately 5.08% of Tanaka Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Etrade Capital Management reduced its stake in GILD by selling 9,620 shares or 20.99% in the most recent quarter. The Hedge Fund company now holds 36,222 shares of GILD which is valued at $2,885,445. Gilead Sciences makes up approx 0.15% of Etrade Capital Management’s portfolio.Riverpoint Capital Management reduced its stake in GILD by selling 7,456 shares or 45.08% in the most recent quarter. The Hedge Fund company now holds 9,082 shares of GILD which is valued at $723,472. Gilead Sciences makes up approx 0.06% of Riverpoint Capital Management’s portfolio.Convergence Investment Partners reduced its stake in GILD by selling 19,551 shares or 16.18% in the most recent quarter. The Hedge Fund company now holds 101,250 shares of GILD which is valued at $8,065,575. Gilead Sciences makes up approx 1.06% of Convergence Investment Partners’s portfolio.Muhlenkamp Co Inc reduced its stake in GILD by selling 990 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 217,000 shares of GILD which is valued at $17,303,580. Gilead Sciences makes up approx 6.49% of Muhlenkamp Co Inc’s portfolio.Swedbank boosted its stake in GILD in the latest quarter, The investment management firm added 834 additional shares and now holds a total of 4,317,401 shares of Gilead Sciences which is valued at $373,671,057. Gilead Sciences makes up approx 3.01% of Swedbank’s portfolio.
Gilead Sciences closed down -0.96 points or -1.22% at $77.42 with 1,24,03,880 shares getting traded on Thursday. Post opening the session at $78.43, the shares hit an intraday low of $76.94 and an intraday high of $78.455 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
Investors should note that on Jul 25, 2016, Gilead Sciences announced a cash dividend of $0.4700. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 29, 2016.
Many Wall Street Analysts have commented on Gilead Sciences. Gilead Sciences was Upgraded by Jefferies to ” Buy” on Sep 6, 2016. 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 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.