241,080 Gilead Sciences, Inc. $GILD Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Gilead Sciences position by 2,702.7% in the third quarter, acquiring 241,080 additional shares for a total holding of 250,000 shares valued at approximately $37.3 million. Institutional investors now own 83.67% of the company.
• Gilead reported stronger-than-expected quarterly results, with EPS of $2.55 versus the $2.19 estimate and revenue of $8.30 billion, up 6.8% year over year. The company also declared a quarterly dividend of $0.82 per share, representing an annualized yield of about 1.9%.
• Analyst sentiment is favorable: 23 analysts rate the stock a Buy and six rate it a Hold, producing a consensus “Moderate Buy” rating and a $169.19 average price target. However, investors face longer-term risks from anticipated Medicare pricing reductions for Biktarvy beginning in 2028.

International Assets Investment Management LLC grew its position in Gilead Sciences, Inc. (NASDAQ:GILD - Free Report) by 2,702.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the biopharmaceutical company's stock after acquiring an additional 241,080 shares during the quarter. International Assets Investment Management LLC's holdings in Gilead Sciences were worth $37,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GILD. Weiss Ratings raised shares of Gilead Sciences from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, September 14th. Cantor Fitzgerald increased their price target on shares of Gilead Sciences from $155.00 to $175.00 and gave the company an "overweight" rating in a report on Friday. Bank of America lifted their price target on Gilead Sciences from $168.00 to $172.00 and gave the stock a "buy" rating in a research report on Tuesday, October 20th. Morgan Stanley boosted their price objective on Gilead Sciences from $163.00 to $183.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, BMO Capital Markets restated an "outperform" rating and set a $184.00 price objective on shares of Gilead Sciences in a research report on Friday. Twenty-three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.19.

Gilead Sciences Trading Up 3.1%

GILD opened at $170.68 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.09 and a current ratio of 1.27. The stock's 50 day moving average price is $150.87 and its 200-day moving average price is $139.79. Gilead Sciences, Inc. has a one year low of $114.02 and a one year high of $175.65. The stock has a market cap of $211.63 billion, a price-to-earnings ratio of -54.01 and a beta of 0.31.

Gilead Sciences (NASDAQ:GILD - Get Free Report) last issued its quarterly earnings results 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 1.70% and a negative net margin of 12.47%. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $7.81 billion. During the same period last year, the company earned $2.47 EPS. Gilead Sciences's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that Gilead Sciences, Inc. will post -0.48 EPS for the current year.

Gilead Sciences Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be paid a $0.82 dividend. The ex-dividend date 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 (DPR) is presently -122.85%.

Insiders Place Their Bets

In other news, Director Jeffrey Bluestone sold 5,000 shares of Gilead Sciences stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $145.02, for a total transaction of $725,100.00. Following the completion of the sale, the director directly owned 10,066 shares in the company, valued at approximately $1,459,771.32. This trade represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Dickinson sold 3,000 shares of the business's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $156.22, for a total transaction of $468,660.00. Following the sale, the chief financial officer directly owned 161,096 shares of the company's stock, valued at $25,166,417.12. This represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 111,000 shares of company stock valued at $15,877,860. Insiders own 0.30% of the company's stock.

Key Headlines Impacting Gilead Sciences

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

• Positive Sentiment: Q3 results exceeded expectations. Gilead reported adjusted earnings of $2.55 per share versus the $2.19 consensus estimate, while revenue rose 6.8% year over year to $8.30 billion, beating expectations by roughly $500 million. Gilead Sciences Q3 earnings and revenues top estimates
• Positive Sentiment: Management raised its 2026 product-sales outlook to approximately $31.0 billion-$31.3 billion, up from $30.1 billion-$30.4 billion, following strong demand for HIV treatments. Base-business sales excluding Veklury reportedly increased 16%, the company’s strongest growth in more than a decade. Gilead Sciences lifts sales guidance on HIV portfolio strength
• Positive Sentiment: Key growth products performed well. Biktarvy continued to drive HIV sales, while Trodelvy revenue rose 41.7% year over year to $506 million. Livdelzi also contributed to growth, aided by a pan-Canadian public reimbursement agreement that could broaden patient access. GILD beats Q3 earnings on HIV strength and Trodelvy sales growth
• Positive Sentiment: Analyst sentiment improved materially. Citigroup, Scotiabank, Morgan Stanley, Truist, Wells Fargo, Needham and Cantor Fitzgerald all raised their price targets, with several maintaining buy or overweight-equivalent ratings. Targets generally range from $175 to $200. Analysts increase forecasts after upbeat Q3 results
• Neutral Sentiment: Gilead declared a quarterly dividend of $0.82 per share, equivalent to an annualized $3.28 payout and a stated yield of about 1.9%.
• Negative Sentiment: Longer-term pricing and concentration risks remain. Medicare pricing is expected to reduce Biktarvy’s price by approximately 38% beginning in 2028, potentially cutting annual revenue by about $1.5 billion. Analysts also note that oncology and immunology growth remains less developed, while some coverage characterizes the valuation as demanding after the rally. Gilead hikes 2026 sales outlook and discusses Biktarvy pricing

Gilead Sciences Company Profile

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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