Lynch & Associates IN bought a new position in shares of Gilead Sciences, Inc. (NASDAQ:GILD) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,425 shares of the biopharmaceutical company’s stock, valued at approximately $1,169,000.
Other hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC raised its stake in shares of Gilead Sciences by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 1,656 shares of the biopharmaceutical company’s stock worth $112,000 after buying an additional 144 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Gilead Sciences during the 2nd quarter worth approximately $147,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Gilead Sciences by 29.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,120 shares of the biopharmaceutical company’s stock worth $150,000 after buying an additional 480 shares during the period. Rowland & Co. Investment Counsel ADV acquired a new position in shares of Gilead Sciences during the 2nd quarter worth approximately $153,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Gilead Sciences during the 2nd quarter worth approximately $172,000. 76.23% of the stock is owned by institutional investors and hedge funds.
In other Gilead Sciences news, EVP Gregg H. Alton sold 25,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $82.65, for a total value of $2,066,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John C. Martin sold 73,333 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $82.56, for a total value of $6,054,372.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 494,999 shares of company stock valued at $37,404,139. 1.30% of the stock is owned by company insiders.
Shares of Gilead Sciences, Inc. (NASDAQ GILD) opened at $75.57 on Friday. The company has a quick ratio of 3.56, a current ratio of 3.68 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $97,108.04, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of -1.25 and a beta of 1.13. Gilead Sciences, Inc. has a twelve month low of $63.76 and a twelve month high of $86.27.
Gilead Sciences (NASDAQ:GILD) last issued its earnings results on Thursday, October 26th. The biopharmaceutical company reported $2.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.14. The company had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Gilead Sciences had a return on equity of 57.15% and a net margin of 42.22%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.75 EPS. equities research analysts anticipate that Gilead Sciences, Inc. will post 8.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, December 14th. Gilead Sciences’s payout ratio is currently 23.69%.
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Gilead Sciences Company Profile
Gilead Sciences, Inc is a research-based biopharmaceutical company that discovers, develops and commercializes medicines in areas of unmet medical need. The Company’s portfolio of products and pipeline of investigational drugs includes treatments for Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS), liver diseases, cancer, inflammatory and respiratory diseases and cardiovascular conditions.
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