Nippon Life Insurance Co. lifted its position in Gilead Sciences, Inc. (NASDAQ:GILD) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,129 shares of the biopharmaceutical company’s stock after buying an additional 1,021 shares during the quarter. Nippon Life Insurance Co.’s holdings in Gilead Sciences were worth $6,654,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanders Capital LLC bought a new stake in Gilead Sciences during the third quarter worth approximately $427,585,000. Renaissance Technologies LLC boosted its position in Gilead Sciences by 35.0% during the second quarter. Renaissance Technologies LLC now owns 10,407,848 shares of the biopharmaceutical company’s stock worth $736,667,000 after purchasing an additional 2,700,600 shares during the period. Vanguard Group Inc. boosted its position in Gilead Sciences by 2.4% during the second quarter. Vanguard Group Inc. now owns 92,841,960 shares of the biopharmaceutical company’s stock worth $6,571,355,000 after purchasing an additional 2,148,697 shares during the period. The Manufacturers Life Insurance Company boosted its position in Gilead Sciences by 50.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,191,622 shares of the biopharmaceutical company’s stock worth $438,244,000 after purchasing an additional 2,062,886 shares during the period. Finally, BlackRock Inc. boosted its position in Gilead Sciences by 1.9% during the second quarter. BlackRock Inc. now owns 104,906,494 shares of the biopharmaceutical company’s stock worth $7,425,281,000 after purchasing an additional 1,937,031 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.
Gilead Sciences, Inc. (NASDAQ GILD) opened at $72.71 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 3.56 and a current ratio of 3.68. Gilead Sciences, Inc. has a 12 month low of $63.76 and a 12 month high of $86.27. The stock has a market capitalization of $95,360.00, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of -1.24 and a beta of 1.13.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, December 14th. Gilead Sciences’s payout ratio is presently 23.66%.
GILD has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $82.00 target price on shares of Gilead Sciences in a research report on Friday, October 20th. J P Morgan Chase & Co set a $85.00 price target on Gilead Sciences and gave the stock a “buy” rating in a report on Wednesday, October 25th. Needham & Company LLC reiterated a “hold” rating on shares of Gilead Sciences in a report on Monday, August 28th. Vetr upgraded Gilead Sciences from a “hold” rating to a “buy” rating and set a $89.27 price target for the company in a report on Wednesday, September 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $83.00 price target (up from $77.00) on shares of Gilead Sciences in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Gilead Sciences currently has a consensus rating of “Buy” and a consensus target price of $85.03.
In other news, EVP Gregg H. Alton sold 25,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $82.65, for a total transaction of $2,066,250.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John C. Martin sold 73,333 shares of the stock in a transaction on Monday, October 2nd. The stock was 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. Insiders have sold 494,999 shares of company stock worth $37,404,139 in the last 90 days. Company insiders own 1.30% of the company’s stock.
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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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