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Perpetual Ltd Raises Position in Gilead Sciences, Inc. $GILD
Perpetual Ltd significantly increased its stake in Gilead Sciences, Inc. by 117.9% in Q4, bringing its total holdings to 28,498 shares valued at $3.498 million. The biopharmaceutical company has a “Moderate Buy” consensus rating from analysts, with a target price of $157.62, and recently raised its quarterly dividend to $0.82. Despite some insider selling, institutional investors own a substantial portion of the company’s stock.