Pnc Bank (PNC) Valuation Declined While Financial Counselors Has Lowered Its Stake by $765,721; Gilead Science (GILD) Position Held by Portland Global Advisors Llc | The Cardinal Weekly


July 12, 2018 – By Mark Babin

Gilead Sciences, Inc. (NASDAQ:GILD) Logo

Portland Global Advisors Llc increased its stake in Gilead Science Inc (GILD) by 215.64% based on its latest 2018Q1 regulatory filing with the SEC. Portland Global Advisors Llc bought 7,500 shares as the company’s stock declined 17.62% with the market. The institutional investor held 10,978 shares of the health care company at the end of 2018Q1, valued at $828,000, up from 3,478 at the end of the previous reported quarter. Portland Global Advisors Llc who had been investing in Gilead Science Inc for a number of months, seems to be bullish on the $98.85 billion market cap company. The stock decreased 0.95% or $0.73 during the last trading session, reaching $76.02. About 5.17 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has risen 4.37% since July 12, 2017 and is uptrending. It has underperformed by 8.20% the S&P500. Some Historical GILD News: 01/05/2018 – GILEAD’S 1Q YESCARTA REV. $40M, EST. 16.3M; 01/05/2018 – GILEAD NASH DATA EXPECTED FROM PHASE 3 STUDIES BY EARLY 2019; 12/03/2018 – Gilead Sciences Says Norbert Bischofberger to Step Dn as Chief Scientific Officer Effective at End Apri; 18/05/2018 – EU warns of possible birth defect link to GSK’s HIV drug; 10/05/2018 – BIOTOSCANA FARMA IN PACT WITH GILEAD TO MKT ANTI-INFECTIVES; 30/05/2018 – GILEAD, GALAPAGOS REPORT FILGOTINIB PHASE 2 STUDY RESULTS; 30/05/2018 – GILEAD SCIENCES INC – EPCLUSA IS FIRST PAN-GENOTYPIC HCV SINGLE TABLET REGIMEN (STR) APPROVED IN CHINA; 31/05/2018 – Gilead Sciences Coverage Assumed by PiperJaffray at Overweight; 02/04/2018 – Gilead’s Descovy Falls After 1-Wk Rise, Odefsey Declines: HIV; 26/03/2018 – Gilead’s Odefsey Rises After 1-Wk Fall, Descovy Advances: HIV

Financial Counselors Inc decreased its stake in Pnc Bank Corp (PNC) by 5.76% based on its latest 2018Q1 regulatory filing with the SEC. Financial Counselors Inc sold 5,071 shares as the company’s stock declined 8.45% with the market. The institutional investor held 83,032 shares of the finance company at the end of 2018Q1, valued at $12.56 million, down from 88,103 at the end of the previous reported quarter. Financial Counselors Inc who had been investing in Pnc Bank Corp for a number of months, seems to be less bullish one the $64.64 billion market cap company. The stock decreased 0.05% or $0.07 during the last trading session, reaching $137.68. About 2.21M shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 21.98% since July 12, 2017 and is uptrending. It has outperformed by 9.41% the S&P500. Some Historical PNC News: 13/04/2018 – PNC Financial 1Q EPS $2.43; 11/05/2018 – PNC Financial Services Group Buys 1.6% of Fncb Bancorp Inc; 21/03/2018 – PNC Changes Prime Rate; 13/04/2018 – PNC FINANCIAL SERVICES GROUP INC – QTRLY SHR $2.43; 27/03/2018 – Auto Channel: PNC Bank Partners With Scam Artist TrueCar; 23/03/2018 – PNC Bank Becomes Official Bank of Nascar With Five-Year Agreement; 15/05/2018 – GUIDANCE: Seaco Container $200m ABS via DB/CS/PNC/SunTrust; 13/04/2018 – PNC Financial 1Q Net Charge-Offs $113M; 16/05/2018 – PNC Chief Executive To Speak At Deutsche Bank Investor Conference; 22/05/2018 – PNC Closes Above 50-Day Moving Average: Technicals

Since January 17, 2018, it had 0 insider buys, and 1 sale for $1.24 million activity.

Financial Counselors Inc, which manages about $2.10 billion US Long portfolio, upped its stake in Cms Energy Corp (NYSE:CMS) by 28,832 shares to 88,318 shares, valued at $4.00 million in 2018Q1, according to the filing. It also increased its holding in Digital Rlty Tr Inc (NYSE:DLR) by 16,335 shares in the quarter, for a total of 131,761 shares, and has risen its stake in Us Bancorp Inc (NYSE:USB).

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.32, from 1.04 in 2017Q4. It worsened, as 54 investors sold PNC shares while 421 reduced holdings. 91 funds opened positions while 253 raised stakes. 373.26 million shares or 0.84% less from 376.44 million shares in 2017Q4 were reported. Axa owns 297,227 shares. Northern Capital Mgmt Lc reported 13,835 shares stake. First Allied Advisory Services, Missouri-based fund reported 9,870 shares. Wetherby Asset reported 11,997 shares. Univest Of Pennsylvania invested 2.27% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Decatur Capital Mngmt holds 70,340 shares. State Of Tennessee Treasury Department holds 350,309 shares. Iberiabank holds 18,085 shares or 0.54% of its portfolio. Credit Suisse Ag has invested 0.12% in The PNC Financial Services Group, Inc. (NYSE:PNC). National Pension Serv has 0.31% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 415,965 shares. Heartland reported 63,853 shares. Public Sector Pension Inv Board invested 0.13% in The PNC Financial Services Group, Inc. (NYSE:PNC). Balasa Dinverno & Foltz Limited Liability Corporation accumulated 1,841 shares. Meiji Yasuda Life Insurance has invested 0.07% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Clearbridge Lc accumulated 924 shares.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on July, 13 before the open. They expect $2.58 EPS, up 22.86% or $0.48 from last year’s $2.1 per share. PNC’s profit will be $1.21 billion for 13.34 P/E if the $2.58 EPS becomes a reality. After $2.43 actual EPS reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 6.17% EPS growth.

Among 34 analysts covering PNC Financial Services (NYSE:PNC), 13 have Buy rating, 1 Sell and 20 Hold. Therefore 38% are positive. PNC Financial Services had 109 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Buy” rating by RBC Capital Markets on Thursday, July 27. The firm has “Buy” rating by Argus Research given on Monday, October 17. The company was maintained on Thursday, August 10 by Wells Fargo. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Neutral” rating by Citigroup on Monday, October 9. The firm earned “Mkt Perform” rating on Thursday, October 6 by Raymond James. On Tuesday, August 11 the stock rating was downgraded by Bruyette & Woods” to “Underperform”. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Hold” rating by Wells Fargo on Tuesday, January 16. The firm earned “Hold” rating on Wednesday, April 4 by Keefe Bruyette & Woods. The company was upgraded on Tuesday, September 8 by Deutsche Bank.

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Streetinsider.com which released: “PNC Financial Services (PNC) weekly option implied volatility increases into Q2” on July 11, 2018, also Bizjournals.com with their article: “PNC shuttering Wexford branch” published on July 11, 2018, Bizjournals.com published: “PNC’s wealth management chief in Pittsburgh to retire” on July 02, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Etftrends.com and their article: “Earnings Season Friday for JP Morgan, Wells Fargo, Citi, PNC” published on July 09, 2018 as well as Bizjournals.com‘s news article titled: “Fed OKs PNC plan to raise dividend” with publication date: June 29, 2018.

Among 32 analysts covering Gilead Sciences (NASDAQ:GILD), 23 have Buy rating, 0 Sell and 9 Hold. Therefore 72% are positive. Gilead Sciences had 133 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 12 by Berenberg. The rating was maintained by Leerink Swann on Wednesday, February 7 with “Market Perform”. The stock has “Overweight” rating by Piper Jaffray on Wednesday, February 3. The firm earned “Hold” rating on Wednesday, October 4 by Oppenheimer. On Friday, January 26 the stock rating was upgraded by Jefferies to “Buy”. The company was maintained on Thursday, October 19 by Leerink Swann. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 23. Atlantic Securities initiated the shares of GILD in report on Friday, December 18 with “Neutral” rating. As per Wednesday, February 3, the company rating was maintained by Credit Suisse. Robert W. Baird maintained it with “Buy” rating and $87.0 target in Monday, October 16 report.

Since January 16, 2018, it had 0 insider purchases, and 21 insider sales for $44.59 million activity. 5,833 shares were sold by Cogan John Francis, worth $434,384. $4.68 million worth of stock was sold by WILSON GAYLE E on Friday, February 9. Alton Gregg H had sold 25,000 shares worth $2.09 million on Thursday, February 1. 5,000 shares were sold by Washington Robin L, worth $401,566 on Wednesday, February 21. $8.02 million worth of stock was sold by Meyers James R on Tuesday, January 16.

Gilead Sciences, Inc. (NASDAQ:GILD) Institutional Positions Chart

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