Coastline Trust Co Raises Holdings in Gilead Sciences, Inc. (GILD)
Coastline Trust Co raised its position in Gilead Sciences, Inc. (NASDAQ:GILD) by 46.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,985 shares of the biopharmaceutical company’s stock after buying an additional 2,860 shares during the quarter. Coastline Trust Co’s holdings in Gilead Sciences were worth $728,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GILD. Garde Capital Inc. acquired a new stake in shares of Gilead Sciences during the 3rd quarter worth $675,000. Archford Capital Strategies LLC grew its holdings in shares of Gilead Sciences by 5,400.0% during the 3rd quarter. Archford Capital Strategies LLC now owns 4,125 shares of the biopharmaceutical company’s stock worth $334,000 after purchasing an additional 4,050 shares in the last quarter. Robinson Value Management Ltd. grew its holdings in shares of Gilead Sciences by 5.0% during the 3rd quarter. Robinson Value Management Ltd. now owns 22,482 shares of the biopharmaceutical company’s stock worth $1,821,000 after purchasing an additional 1,070 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Gilead Sciences during the 3rd quarter worth $658,000. Finally, EagleClaw Capital Managment LLC lifted its position in shares of Gilead Sciences by 17.0% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 22,025 shares of the biopharmaceutical company’s stock worth $1,776,000 after buying an additional 3,200 shares during the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on GILD shares. JPMorgan Chase & Co. set a $85.00 price objective on Gilead Sciences and gave the stock a “buy” rating in a research report on Wednesday, October 25th. BMO Capital Markets restated a “hold” rating and set a $82.00 price objective on shares of Gilead Sciences in a research report on Friday, October 20th. Citigroup upgraded Gilead Sciences from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $88.80 to $76.00 in a research report on Tuesday, January 30th. Vetr downgraded Gilead Sciences from a “strong-buy” rating to a “buy” rating and set a $90.00 price objective for the company. in a research report on Wednesday, January 17th. Finally, Zacks Investment Research cut Gilead Sciences from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $86.56.
Gilead Sciences, Inc. (NASDAQ:GILD) opened at $79.32 on Monday. The stock has a market capitalization of $103,590.00, a P/E ratio of 22.79, a P/E/G ratio of -1.75 and a beta of 1.22. The company has a current ratio of 3.55, a quick ratio of 3.56 and a debt-to-equity ratio of 1.10. Gilead Sciences, Inc. has a 1 year low of $63.76 and a 1 year high of $89.54.
Gilead Sciences (NASDAQ:GILD) last issued its quarterly earnings results on Tuesday, February 6th. The biopharmaceutical company reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.11. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.71 billion. Gilead Sciences had a return on equity of 50.29% and a net margin of 17.73%. Gilead Sciences’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period last year, the company posted $2.70 earnings per share. research analysts forecast that Gilead Sciences, Inc. will post 6.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be issued a dividend of $0.57 per share. This is a positive change from Gilead Sciences’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, March 15th. Gilead Sciences’s dividend payout ratio (DPR) is 59.77%.
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About Gilead Sciences
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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