Gilead Sciences (NASDAQ:GILD) Stock: Insider Daniel Patrick O'day Sells 15,000 Shares

Gilead Sciences, Inc. (NASDAQ:GILD - Get Free Report) CEO Daniel O'Day sold 15,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $169.74, for a total value of $2,546,100.00. Following the transaction, the chief executive officer owned 551,683 shares of the company's stock, valued at approximately $93,642,672.42. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Friday, October 30th, Daniel O'Day sold 15,881 shares of Gilead Sciences stock. The shares were sold at an average price of $175.25, for a total value of $2,783,145.25.
  • On Thursday, October 1st, Daniel O'Day sold 15,000 shares of Gilead Sciences stock. The shares were 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 shares were sold at an average price of $148.64, for a total value of $2,229,600.00.

Gilead Sciences Stock Down 0.2%




GILD stock opened at $170.33 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.27 and a quick ratio of 1.09. The stock has a market capitalization of $211.20 billion, a P/E ratio of -53.90 and a beta of 0.31. The business has a 50-day moving average of $151.36 and a 200-day moving average of $140.03. Gilead Sciences, Inc. has a fifty-two week low of $116.88 and a fifty-two week high of $175.65.

Gilead Sciences (NASDAQ:GILD - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The biopharmaceutical company reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.81 billion. During the same period last year, the company earned $2.47 earnings per share. Gilead Sciences's quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Gilead Sciences, Inc. will post -1.03 earnings per share for the current fiscal year.

Gilead Sciences Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. PFS Partners LLC increased its holdings in Gilead Sciences by 101.1% during the third quarter. PFS Partners LLC now owns 191 shares of the biopharmaceutical company's stock worth $28,000 after buying an additional 96 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in Gilead Sciences during the second quarter worth $25,000. Laurel Wealth Advisors LLC acquired a new stake in Gilead Sciences in the third quarter valued at $29,000. Kimelman & Baird LLC acquired a new stake in Gilead Sciences in the second quarter valued at $25,000. Finally, Toth Financial Advisory Corp lifted its stake in Gilead Sciences by 85.5% in the third quarter. Toth Financial Advisory Corp now owns 217 shares of the biopharmaceutical company's stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GILD has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Gilead Sciences from $163.00 to $183.00 and gave the company an "overweight" rating in a report on Friday. BMO Capital Markets restated an "outperform" rating and set a $184.00 target price on shares of Gilead Sciences in a report on Friday. Cantor Fitzgerald raised their target price on shares of Gilead Sciences from $155.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of Gilead Sciences from $165.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Citigroup lifted their price target on shares of Gilead Sciences from $165.00 to $188.00 and gave the company a "buy" rating in a research note on Friday. Twenty-three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $169.74.

Get Our Latest Analysis on Gilead Sciences

Gilead Sciences News Summary

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About Gilead Sciences

(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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