Insider Selling: Gilead Sciences (NASDAQ:GILD) CEO Sells 15,881 Shares of Company Stock

Gilead Sciences, Inc. (NASDAQ:GILD – Get Free Report) CEO Daniel O’Day sold 15,881 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $175.25, for a total transaction of $2,783,145.25. Following the completion of the sale, the chief executive officer owned 566,683 shares in the company, valued at approximately $99,311,195.75. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Patrick O’day also recently made the following trade(s):

  • On Monday, November 2nd, Daniel O’Day sold 15,000 shares of Gilead Sciences stock. The shares were sold at an average price of $169.74, for a total transaction of $2,546,100.00.
  • On Thursday, October 1st, Daniel O’Day sold 15,000 shares of Gilead Sciences stock. The stock was sold at an average price of $147.90, for a total value of $2,218,500.00.
  • On Tuesday, September 1st, Daniel O’Day sold 15,000 shares of Gilead Sciences stock. The stock was sold at an average price of $148.64, for a total value of $2,229,600.00.

Gilead Sciences Trading Down 0.2%

GILD stock traded down $0.35 during midday trading on Monday, reaching $170.33. 8,856,542 shares of the company traded hands, compared to its average volume of 5,751,038. Gilead Sciences, Inc. has a 52-week low of $116.88 and a 52-week high of $175.65. The business has a 50 day moving average of $151.36 and a 200-day moving average of $140.03. The company has a current ratio of 1.27, a quick ratio of 1.09 and a debt-to-equity ratio of 2.03.

Gilead Sciences (NASDAQ:GILD – Get Free Report) last released its earnings results on Thursday, October 29th. The biopharmaceutical company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.36. Gilead Sciences had a negative return on equity of 2.11% and a negative net margin of 10.64%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.81 billion. During the same quarter in the previous year, the company posted $2.47 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that Gilead Sciences, Inc. will post -1.03 earnings per share for the current year.

Gilead Sciences Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, December 15th. Gilead Sciences’s dividend payout ratio is presently -103.80%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Alta Advisers Ltd raised its holdings in Gilead Sciences by 80.2% in the third quarter. Alta Advisers Ltd now owns 8,997 shares of the biopharmaceutical company’s stock worth $1,341,000 after purchasing an additional 4,005 shares in the last quarter. Syverson Strege & Co boosted its holdings in shares of Gilead Sciences by 6.9% in the 3rd quarter. Syverson Strege & Co now owns 3,570 shares of the biopharmaceutical company’s stock valued at $532,000 after buying an additional 229 shares in the last quarter. Principle Wealth Partners LLC grew its position in shares of Gilead Sciences by 15.7% in the 3rd quarter. Principle Wealth Partners LLC now owns 2,788 shares of the biopharmaceutical company’s stock worth $416,000 after buying an additional 378 shares during the last quarter. REAP Financial Group LLC raised its stake in shares of Gilead Sciences by 11.4% during the 3rd quarter. REAP Financial Group LLC now owns 1,380 shares of the biopharmaceutical company’s stock worth $206,000 after acquiring an additional 141 shares in the last quarter. Finally, Telos Capital Management Inc. bought a new position in shares of Gilead Sciences during the 3rd quarter worth approximately $215,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

More Gilead Sciences News

Here are the key news stories impacting Gilead Sciences this week:

Analyst Ratings Changes

Several analysts have issued reports on GILD shares. Wall Street Zen raised shares of Gilead Sciences from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $175.00 target price on shares of Gilead Sciences in a research note on Monday. Wells Fargo & Company increased their price target on Gilead Sciences from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Research lowered Gilead Sciences from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Leerink Partners downgraded Gilead Sciences from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $146.00 to $127.00 in a research report on Tuesday, July 21st. Twenty-three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Gilead Sciences presently has an average rating of “Moderate Buy” and an average target price of $169.74.

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Gilead Sciences Company Profile

(Get Free Report)

Gilead Sciences, Inc is a biopharmaceutical company that discovers, develops and commercializes medicines for serious and life-threatening diseases. The company is best known for its HIV treatments, including Biktarvy, Descovy, Genvoya and Truvada, as well as therapies for chronic hepatitis B and hepatitis C. Its portfolio also includes Veklury (remdesivir), an antiviral treatment for COVID-19.

Gilead has expanded into oncology and cell therapy through products such as Trodelvy and the CAR T-cell therapies Yescarta and Tecartus, which are developed and marketed through its Kite subsidiary.

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