Mutual of Omaha Bank Wealth Management boosted its stake in shares of Gilead Sciences, Inc. (NASDAQ:GILD) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,628 shares of the biopharmaceutical company’s stock after acquiring an additional 275 shares during the period. Mutual of Omaha Bank Wealth Management’s holdings in Gilead Sciences were worth $602,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in Gilead Sciences during the fourth quarter worth about $31,000. Legacy Financial Advisors Inc. boosted its stake in Gilead Sciences by 361.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 489 shares of the biopharmaceutical company’s stock worth $31,000 after buying an additional 383 shares during the period. We Are One Seven LLC purchased a new position in Gilead Sciences during the fourth quarter worth about $37,000. Jackson Grant Investment Advisers Inc. boosted its stake in Gilead Sciences by 56.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 717 shares of the biopharmaceutical company’s stock worth $45,000 after buying an additional 260 shares during the period. Finally, Baldwin Brothers Inc. MA boosted its stake in Gilead Sciences by 47.2% during the fourth quarter. Baldwin Brothers Inc. MA now owns 808 shares of the biopharmaceutical company’s stock worth $51,000 after buying an additional 259 shares during the period. Institutional investors own 80.03% of the company’s stock.
GILD stock opened at $67.59 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 3.29 and a current ratio of 3.36. Gilead Sciences, Inc. has a twelve month low of $60.32 and a twelve month high of $82.71. The company has a market cap of $87.44 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 4.15 and a beta of 1.19.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.52 dividend on an annualized basis and a yield of 3.73%. This is a boost from Gilead Sciences’s previous quarterly dividend of $0.57. Gilead Sciences’s dividend payout ratio (DPR) is presently 37.07%.
In other Gilead Sciences news, Director John C. Martin sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $71.20, for a total transaction of $3,560,000.00. Following the sale, the director now owns 2,877,762 shares of the company’s stock, valued at $204,896,654.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.16% of the stock is currently owned by company insiders.
GILD has been the topic of several analyst reports. ValuEngine raised shares of Gilead Sciences from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Zacks Investment Research cut shares of Gilead Sciences from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Citigroup reaffirmed a “buy” rating and issued a $100.00 target price on shares of Gilead Sciences in a report on Tuesday, February 5th. Mizuho set a $94.00 target price on shares of Gilead Sciences and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, CIBC raised shares of Gilead Sciences from a “market perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a report on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $84.01.
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Gilead Sciences Company Profile
Gilead Sciences, Inc 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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