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M&T Bank Corp Sells 147,548 Shares of Gilead Sciences, Inc. $GILD
M&T Bank Corp significantly reduced its stake in Gilead Sciences, Inc. (NASDAQ:GILD) by selling 147,548 shares in the fourth quarter, leaving them with 23,088 shares valued at $2.834 million. Despite this, other institutional investors increased their holdings, and analysts maintain a “Moderate Buy” rating for Gilead, with an average target price of $157.35. The biopharmaceutical company recently increased its quarterly dividend and reported strong earnings, exceeding analyst estimates in its latest quarter.