Traders Sell Eli Lilly and Company (LLY) on Strength (LLY)
Traders sold shares of Eli Lilly and Company (NYSE:LLY) on strength during trading hours on Friday. $51.44 million flowed into the stock on the tick-up and $80.70 million flowed out of the stock on the tick-down, for a money net flow of $29.26 million out of the stock. Of all companies tracked, Eli Lilly and had the 26th highest net out-flow for the day. Eli Lilly and traded up $1.38 for the day and closed at $82.92
LLY has been the topic of several analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $103.00 target price on shares of Eli Lilly and in a research report on Thursday, August 31st. BMO Capital Markets reiterated a “sell” rating and set a $73.00 target price on shares of Eli Lilly and in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and set a $89.00 target price (down from $94.00) on shares of Eli Lilly and in a research report on Thursday, August 24th. Leerink Swann reiterated a “hold” rating on shares of Eli Lilly and in a research report on Thursday, August 31st. Finally, TheStreet upgraded Eli Lilly and from a “c+” rating to a “b+” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Eli Lilly and presently has a consensus rating of “Hold” and a consensus target price of $87.97.
The stock has a market cap of $87.48 billion, a PE ratio of 35.88 and a beta of 0.34. The stock has a 50 day moving average of $81.04 and a 200 day moving average of $82.03.
Eli Lilly and (NYSE:LLY) last posted its earnings results on Tuesday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.06. Eli Lilly and had a net margin of 11.12% and a return on equity of 28.71%. The business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts anticipate that Eli Lilly and Company will post $4.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, August 11th. Eli Lilly and’s payout ratio is currently 90.04%.
In related news, insider Melissa S. Barnes sold 1,900 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $80.78, for a total value of $153,482.00. Following the transaction, the insider now directly owns 14,041 shares of the company’s stock, valued at approximately $1,134,231.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Lilly Endowment Inc sold 180,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $81.06, for a total transaction of $14,590,800.00. Following the completion of the transaction, the insider now directly owns 123,865,804 shares in the company, valued at $10,040,562,072.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 826,900 shares of company stock worth $68,610,132. Corporate insiders own 0.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. M Holdings Securities Inc. purchased a new position in Eli Lilly and in the 2nd quarter valued at about $234,000. Achmea Investment Management B.V. lifted its stake in Eli Lilly and by 70.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 54,884 shares of the company’s stock valued at $4,515,000 after buying an additional 22,714 shares in the last quarter. Aldebaran Financial Inc. lifted its stake in Eli Lilly and by 16.7% in the 2nd quarter. Aldebaran Financial Inc. now owns 5,950 shares of the company’s stock valued at $490,000 after buying an additional 850 shares in the last quarter. RNC Capital Management LLC lifted its stake in Eli Lilly and by 6.6% in the 2nd quarter. RNC Capital Management LLC now owns 452,866 shares of the company’s stock valued at $37,271,000 after buying an additional 28,133 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its stake in Eli Lilly and by 0.7% in the 2nd quarter. Sentry Investment Management LLC now owns 77,668 shares of the company’s stock valued at $6,392,000 after buying an additional 506 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
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Eli Lilly and Company Profile
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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