Pennsylvania Trust Co Lowers stake in Gilead Sciences (GILD)

Gilead Sciences (GILD) : Pennsylvania Trust Co reduced its stake in Gilead Sciences by 8.06% during the most recent quarter end. The investment management company now holds a total of 96,318 shares of Gilead Sciences which is valued at $7,007,135 after selling 8,443 shares in Gilead Sciences , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Gilead Sciences makes up approximately 0.58% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in GILD in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 35,816 shares of Gilead Sciences which is valued at $2,605,614. Gilead Sciences makes up approx 0.24% of Reliance Trust Co Of Delaware’s portfolio.Private Trust Co Na reduced its stake in GILD by selling 8,789 shares or 34.35% in the most recent quarter. The Hedge Fund company now holds 16,801 shares of GILD which is valued at $1,227,481. Gilead Sciences makes up approx 0.30% of Private Trust Co Na’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in GILD by selling 1,260 shares or 91.97% in the most recent quarter. The Hedge Fund company now holds 110 shares of GILD which is valued at $8,120.Founders Capital Management reduced its stake in GILD by selling 1,850 shares or 9.29% in the most recent quarter. The Hedge Fund company now holds 18,066 shares of GILD which is valued at $1,363,802. Gilead Sciences makes up approx 0.77% of Founders Capital Management’s portfolio.Central Bank Trust Co reduced its stake in GILD by selling 10,382 shares or 56.87% in the most recent quarter. The Hedge Fund company now holds 7,875 shares of GILD which is valued at $592,515. Gilead Sciences makes up approx 0.17% of Central Bank Trust Co’s portfolio.

Gilead Sciences closed down -0.31 points or -0.42% at $72.75 with 73,59,055 shares getting traded on Friday. Post opening the session at $73.27, the shares hit an intraday low of $72.73 and an intraday high of $73.5 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. Shares were Reiterated by RBC Capital Mkts on Oct 3, 2016 to “Outperform” and Lowered the Price Target to $ 95 from a previous price target of $105 .Shares were Downgraded by Leerink Partners on Sep 27, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 94 from a previous price target of $112 .Berenberg Initiated Gilead Sciences on Sep 12, 2016 to “Buy”, Price Target of the shares are set at $112.

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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