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.

House passes stopgap spending bill increasing Defense funding
Congress faces a midnight Thursday deadline to avoid a second partial government shutdown after a three-day shutdown last month . Democrats, meanwhile, leveraged their influence to increase spending for domestic priorities such as combating opioid misuse.

White House chief: Dreamers not priority for deportation
USA immigration law, Trump said , contains "loopholes where killers are allowed to come into this country and continue to kill". Barbara Comstock , R-Va., at the White House because Trump said he revealed he's in favor of another government shutdown .

India wins the world cup title; beat Australia by 8 wickets
On Saturday, India pulled off a stunning 8-wicket win over Australia in the final of the ICC Under-19 Cricket World Cup. Sure enough, Australia folded for 216, which India duly knocked off to register an eight-wicket win.

Analysts await PBF Energy Inc. The firm attains analyst recommendation of 2.20 on scale of 1-5 with week's performance of -11.75%. ALL's profit will be $584.89 million for 14.57 P/E if the $1.63 EPS becomes a reality.

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.

Related News:



Most liked

Several Philadelphia Eagles won't visit White House after winning Super Bowl 52
Winning the Super Bowl is pretty sweet to begin with, but it certainly doesn't hurt to get almost another $200,000 sent your way. We're going get on this plane and go back to Philadelphia, and we're going to celebrate with our fans back in Philly.

LTCG to be taxed at 10%: What choice do investors have now?
However, any profit over Rs 1500 earned after January 31, 2018 will be taxed 10% under LTCG. But the grandfathering measure till January 31, 2018 will provide some relief.

West Ham to win race for Evra
Evra, now 36, had only joined Marseilles in the January of a year ago following a relatively successful spell with Juventus. Evra went on to win the Serie A twice with Juventus before leaving the club in January 2017 to return to France.

Steve Wynn resigns amid sexual misconduct allegations
He has been with the company and at Steve Wynn's side since 2002, most recently as President of Wynn Resorts . He played the pivotal role in transforming Las Vegas into the entertainment destination it is today.

SpaceX Falcon heavy rocket blasts off from Florida in debut test flight
Musk told CBS News that it could actually send people back to the moon and with orbital refueling, it could send people to Mars. The booster separation went smoothly, with two of the rockets coming back down to Earth and landing in near flawless synchrony.

Six Nations to investigate France
France managed to get prop Rabah Slimani back onto the field late on before eventually beating Wales following 20 minutes of overtime.

RBI Policy Decision Today Amid Global Market Storm: 10 Points
Inflation: In the December monetary policy , RBI had raised its fiscal second half inflation forecast to 4.3-4.7% from 4.2-4.6%. The 10 year benchmark yield closed at 7.57% on Tuesday as compared to its previous close of 7.60%.

Odisha gets Rs 5252 crore budgetary allocation for railways
The Odisha government had made a demand of Rs 6,500 crore before the Centre for railway infrastructure development. As it is a lump sum allocation, all stations in the State will witness some development work, he said.

Lenovo Issues Major Recall For Top End ThinkPad X1 Carbon
Devices recalled: The recall involves 14-inch ThinkPad X1 Carbon fifth-generation laptops, which came in both silver and black. The recall announcement was made by the US Consumer Product Safety Commission , which posted details on the issue today.

Newsweek fires top editors, senior reporters
Sources tell Salon that Roe and Li both threatened to resign during a meeting last week if Katz, Keefe and Saul were fired. Last month the Manhattan District Attorney's office raided the company's offices, taking several servers.

Cape Town hotel guest urged not to flush toilets
The city is working to stretch its water to June, when heavier rains are expected for the beginning of winter. She pointed out that agriculture had made considerable progress in using water more productively.

Cape Town Builds Temporary Desalination Plants As Water Supply Approaches 'Day Zero'
Water taps in Cape Town could be switched off on 16 April unless efforts to reduce usage are achieved. That amount is just one-fifth of the water used by the average Canadian each day.

Turner helps No. 15 Tennessee beat No
Trevon Bluiett scored 17 of his 26 points in the final 14½ minutes of regulation and overtime to help Xavier rally to beat Butler. Scottie Lindsey added 19 points and seven rebounds, and Northwestern returned the favor after losing at MI last week.

Warren Gatland names unchanged side as Wales prepare to face England
Warren Gatland coached the last two Lions tours to Australia in 2013 and his native New Zealand past year . Not being intimidated by the Twickenham factor at all.

Victims push for accountability after latest Nassar sentence
He was previously sentenced to 60 years in prison following his conviction on child pornography crimes. He was sentenced to 40 to 175 years in prison in a separate but related case under Judge Aquilina .