Gilead Sciences, Inc. (GILD) Shares Slide on Weak Outlook

An Epclusa pill by Gilead Sciences to treat Hepatitis C

The biggest institutional shareholders in Gilead Sciences, Inc. include Vanguard Group Inc which owns 95 million shares in the company valued at $7.66 B million. Smith Salley & Associates who had been investing in Gilead Sciences Inc for a number of months, seems to be bullish on the $105.00B market cap company. The stock increased 2.56% or $2.01 during the last trading session, reaching $80.38. About 9.36M shares traded or 13.95% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since February 6, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Global Thematic Partners Llc decreased its stake in Gilead Sciences Inc (GILD) by 31.51% based on its latest 2017Q3 regulatory filing with the SEC. Peak Asset Management Llc bought 72,161 shares as the company's stock declined 8.05% while stock markets rallied. The hedge fund held 30,000 shares of the health care company at the end of 2017Q3, valued at $2.43 million, down from 50,000 at the end of the previous reported quarter.

Gilead Sciences (GILD) traded up $2.01 during mid-day trading on Tuesday, hitting $80.38. The stock ended last trade at 78.37 a share and the price is up more than 9.39% so far this year. It has underperformed by 38.50% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q3. Its up 0.26, from 1.28 in 2017Q2. Principal Fincl Gru holds 0.25% or 3.24 million shares. Mason Street Advisors Lc holds 0.04% of its portfolio in PBF Energy Inc. (NYSE:HBI) or 17,088 shares. Carroll Assocs Inc invested in 0.04% or 4,509 shares. New York-based M&T Bancshares Corp has invested 0.13% in The Allstate Corporation (NYSE:ALL). (NYSE:FII). Winfield owns 60 shares. Kwmg Ltd Liability Corp holds 0.67% or 24,980 shares. Peloton Wealth Strategists reported 9,000 shares. Forward Mgmt Llc owns 27,700 shares for 0.35% of their portfolio. Victory Mngmt, Ohio-based fund reported 201,405 shares. (NYSE:PBF). Fuller & Thaler Asset Mngmt reported 1.03% of its portfolio in PBF Energy Inc. Oppenheimer Asset Management Incorporated holds 140 shares or 0% of its portfolio. (NYSE:HBI). Clark Cap Mngmt Gp reported 508,021 shares. 62,703 were reported by Raymond James Services Advsr. Dt Invest Prns Ltd Com owns 28,349 shares. (NASDAQ:GILD). Moreover, Qcm Cayman has 1.03% invested in Gilead Sciences, Inc. Therefore 70% are positive. Parnassus Investments CA increased its stake in Gilead Sciences by 37.4% during the first quarter. The company now has an average rating of "Buy" and a consensus price target of $83.06. Gilead Sciences had 115 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Wednesday, October 21 by Citigroup. As per Friday, December 4, the company rating was upgraded by Goldman Sachs. The stock has "Hold" rating by Argus Research on Friday, July 29. Jefferies maintained the stock with "Hold" rating in Friday, October 27 report. The firm has "Neutral" rating given on Wednesday, April 5 by Goldman Sachs.

Gilead Sciences has an analyst consensus of Moderate Buy, with a price target consensus of $90.17. It also increased its holding in Tailored Brands Inc by 782,000 shares in the quarter, for a total of 932,000 shares, and has risen its stake in Abercrombie & Fitch Co (NYSE:ANF). The company was downgraded on Tuesday, October 24 by Macquarie Research. (NASDAQ:GILD) to report earnings on February, 6.

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This represents an increase of 21% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Its up 0.10, from 0.93 in 2017Q2. It is positive, as 31 investors sold COR shares while 85 reduced holdings.

DekaBank Deutsche Girozentrale raised its position in shares of Gilead Sciences, Inc. The biopharmaceutical company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. (NASDAQ:GILD) on Thursday, September 7. First Tru Advsrs L P, Illinois-based fund reported 273,672 shares. Bogle Investment Management Ltd Partnership De reported 0.72% stake. Products Prtn Ltd holds 0.43% of its portfolio in Gilead Sciences, Inc. Van Strum & Towne Inc. raised its stake in shares of Gilead Sciences by 1.9% during the third quarter. (NASDAQ:GILD). Provident Inv Mgmt Inc accumulated 381,058 shares or 5.23% of the stock. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) has "Equal-Weight" rating given on Friday, October 2 by Morgan Stanley. Equities research analysts forecast that Gilead Sciences, Inc. will post $8.74 earnings per share for the current fiscal year. (NASDAQ:GILD). Advisors has 5,380 shares for 0.49% of their portfolio.

The quarterly results were "generally in line", RBC Capital Markets analyst Brian Abrahams said in a research note. (NASDAQ:GILD). Stonebridge Cap Ltd Liability holds 75,278 shares or 1.5% of its portfolio. Nj State Employees Deferred Compensation Plan has 0.59% invested in Gilead Sciences, Inc.

Since August 30, 2017, it had 0 insider purchases, and 11 insider sales for $44.82 million activity. Gilead Sciences makes up approximately 1.4% of Mitsubishi UFJ Securities Holdings Co. (NASDAQ:GILD) was sold by Meyers James R. The insider Alton Gregg H sold $2.07M. The company's shares were given away at $83.56 per share worth to an income of some $4,178,000 on account of Martin John C.

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