FineMark National Bank & Trust decreased its holdings in shares of Gilead Sciences, Inc. (NASDAQ:GILD) by 3.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,591 shares of the biopharmaceutical company’s stock after selling 1,890 shares during the period. FineMark National Bank & Trust’s holdings in Gilead Sciences were worth $4,678,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Reilly Financial Advisors LLC increased its position in shares of Gilead Sciences by 98.3% during the third quarter. Reilly Financial Advisors LLC now owns 1,420 shares of the biopharmaceutical company’s stock valued at $110,000 after acquiring an additional 704 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Gilead Sciences during the second quarter valued at approximately $132,000. Brand Asset Management Group Inc. bought a new stake in shares of Gilead Sciences during the second quarter valued at approximately $139,000. TRUE Private Wealth Advisors bought a new stake in shares of Gilead Sciences during the third quarter valued at approximately $174,000. Finally, Truvestments Capital LLC bought a new stake in shares of Gilead Sciences during the third quarter valued at approximately $210,000. 78.09% of the stock is owned by institutional investors and hedge funds.
NASDAQ:GILD opened at $72.48 on Thursday. The company has a quick ratio of 3.39, a current ratio of 3.47 and a debt-to-equity ratio of 1.36. Gilead Sciences, Inc. has a 12 month low of $64.27 and a 12 month high of $89.54. The company has a market capitalization of $91.20 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of -2.73 and a beta of 1.01.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, December 13th. Gilead Sciences’s dividend payout ratio (DPR) is presently 26.64%.
In other Gilead Sciences news, Director John C. Martin sold 50,000 shares of Gilead Sciences stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $69.55, for a total value of $3,477,500.00. Following the completion of the sale, the director now owns 3,067,762 shares of the company’s stock, valued at approximately $213,362,847.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 150,000 shares of company stock valued at $11,087,500. 1.30% of the stock is currently owned by insiders.
GILD has been the subject of several analyst reports. BidaskClub raised shares of Gilead Sciences from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Mizuho reissued a “buy” rating and set a $94.00 price target on shares of Gilead Sciences in a research report on Friday, August 10th. Piper Jaffray Companies set a $85.00 price target on shares of Gilead Sciences and gave the company a “buy” rating in a research report on Wednesday, September 12th. ValuEngine raised shares of Gilead Sciences from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Finally, Zacks Investment Research raised shares of Gilead Sciences from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Wednesday, July 18th. Thirteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $87.84.
Gilead Sciences Profile
Gilead Sciences, Inc, a biopharmaceutical company, discovers, develops, and commercializes therapeutics in the areas of unmet medical needs in the United States, Europe, and internationally. The company's products include Biktarvy, Descovy, Odefsey, Genvoya, Stribild, Complera/Eviplera, Atripla, Truvada, Viread, Emtriva, and Tybost for the treatment of human immunodeficiency virus (HIV) infection in adults; and Vosevi, Vemlidy, Epclusa, Harvoni, Sovaldi, Viread, and Hepsera products for treating liver diseases.
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