Shelter Mutual Insurance Co Sells 7,000 Shares of Gilead Sciences, Inc. (GILD)

Shelter Mutual Insurance Co cut its position in shares of Gilead Sciences, Inc. (NASDAQ:GILD) by 8.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 73,900 shares of the biopharmaceutical company’s stock after selling 7,000 shares during the quarter. Gilead Sciences accounts for approximately 1.9% of Shelter Mutual Insurance Co’s holdings, making the stock its 27th largest position. Shelter Mutual Insurance Co’s holdings in Gilead Sciences were worth $5,987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Gilead Sciences by 1.1% during the second quarter. FMR LLC now owns 23,037,303 shares of the biopharmaceutical company’s stock worth $1,630,581,000 after buying an additional 258,005 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 2,148,697 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Gilead Sciences by 0.7% during the second quarter. Northern Trust Corp now owns 16,430,476 shares of the biopharmaceutical company’s stock worth $1,162,949,000 after buying an additional 116,780 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Gilead Sciences by 19.0% in the second quarter. Toronto Dominion Bank now owns 472,577 shares of the biopharmaceutical company’s stock worth $33,445,000 after acquiring an additional 75,364 shares during the last quarter. Finally, Fagan Associates Inc. boosted its position in shares of Gilead Sciences by 2.6% in the second quarter. Fagan Associates Inc. now owns 33,075 shares of the biopharmaceutical company’s stock worth $2,341,000 after acquiring an additional 845 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Credit Suisse Group set a $80.00 target price on shares of Gilead Sciences and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Oppenheimer assumed coverage on shares of Gilead Sciences in a research report on Thursday, October 5th. They issued a “market perform” rating on the stock. Mizuho raised their target price on shares of Gilead Sciences from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Leerink Swann raised their target price on shares of Gilead Sciences from $87.00 to $89.00 and gave the stock a “market perform” rating in a research report on Thursday, October 5th. Finally, BMO Capital Markets decreased their target price on shares of Gilead Sciences from $89.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Gilead Sciences has a consensus rating of “Buy” and an average price target of $85.03.

In other news, insider John C. Martin sold 73,333 shares of Gilead Sciences stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $75.13, for a total transaction of $5,509,508.29. Following the sale, the insider now owns 3,070,099 shares in the company, valued at $230,656,537.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John F. Milligan sold 220,000 shares of Gilead Sciences stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $72.88, for a total transaction of $16,033,600.00. The disclosure for this sale can be found here. Insiders have sold 461,666 shares of company stock worth $34,072,567 in the last quarter. Insiders own 1.30% of the company’s stock.

Gilead Sciences, Inc. (NASDAQ:GILD) opened at $78.71 on Thursday. The firm has a market cap of $102,790.00, a P/E ratio of 8.95, a price-to-earnings-growth ratio of -1.58 and a beta of 1.13. 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.

Gilead Sciences (NASDAQ:GILD) last announced its quarterly earnings results on Thursday, October 26th. The biopharmaceutical company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.14. The firm had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Gilead Sciences had a net margin of 42.22% and a return on equity of 57.15%. Gilead Sciences’s revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. equities research analysts predict that Gilead Sciences, Inc. will post 8.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 15th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.64%. Gilead Sciences’s dividend payout ratio is currently 23.66%.

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Gilead Sciences Company Profile

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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Institutional Ownership by Quarter for Gilead Sciences (NASDAQ:GILD)

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