Eli Lilly and Co (LLY) Holdings Trimmed by Stralem & Co. Inc.
Stralem & Co. Inc. trimmed its position in Eli Lilly and Co (NYSE:LLY) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,600 shares of the company’s stock after selling 2,600 shares during the period. Stralem & Co. Inc.’s holdings in Eli Lilly and were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of LLY. Acrospire Investment Management LLC lifted its stake in shares of Eli Lilly and by 16.7% during the second quarter. Acrospire Investment Management LLC now owns 1,399 shares of the company’s stock worth $115,000 after buying an additional 200 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in shares of Eli Lilly and during the second quarter worth $128,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Eli Lilly and during the second quarter worth $129,000. Willingdon Wealth Management acquired a new stake in shares of Eli Lilly and during the third quarter worth $138,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Eli Lilly and during the third quarter worth $142,000. Institutional investors and hedge funds own 76.35% of the company’s stock.
In other Eli Lilly and news, SVP Jeffrey N. Simmons sold 12,500 shares of Eli Lilly and stock in a transaction on Monday, December 11th. The shares were sold at an average price of $86.46, for a total value of $1,080,750.00. Following the completion of the transaction, the senior vice president now owns 124,522 shares of the company’s stock, valued at $10,766,172.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Susan Mahony sold 36,585 shares of Eli Lilly and stock in a transaction on Monday, December 4th. The shares were sold at an average price of $86.18, for a total transaction of $3,152,895.30. Following the completion of the transaction, the senior vice president now directly owns 54,885 shares of the company’s stock, valued at approximately $4,729,989.30. The disclosure for this sale can be found here. Insiders sold 251,088 shares of company stock valued at $22,041,236 in the last ninety days. 0.20% of the stock is owned by corporate insiders.
Eli Lilly and Co (NYSE:LLY) traded down $1.69 during midday trading on Wednesday, reaching $85.29. 4,878,300 shares of the company were exchanged, compared to its average volume of 2,955,040. The firm has a market capitalization of $94,770.00, a P/E ratio of 40.61, a PEG ratio of 1.63 and a beta of 0.35. Eli Lilly and Co has a 52 week low of $74.00 and a 52 week high of $89.09. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.66.
Eli Lilly and (NYSE:LLY) last posted its earnings results on Tuesday, October 24th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.52 billion. Eli Lilly and had a net margin of 9.90% and a return on equity of 30.27%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. equities analysts predict that Eli Lilly and Co will post 4.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from Eli Lilly and’s previous quarterly dividend of $0.52. This represents a $2.25 dividend on an annualized basis and a yield of 2.64%. Eli Lilly and’s payout ratio is currently 99.05%.
Several equities research analysts have recently commented on LLY shares. Credit Suisse Group downgraded shares of Eli Lilly and from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $84.23 to $88.00 in a research note on Tuesday, October 10th. BMO Capital Markets set a $73.00 price objective on shares of Eli Lilly and and gave the stock a “sell” rating in a research note on Tuesday, December 12th. Argus upgraded shares of Eli Lilly and from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.52 to $115.00 in a research note on Friday, January 5th. Berenberg Bank reiterated a “buy” rating and set a $98.00 price objective on shares of Eli Lilly and in a research note on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of Eli Lilly and from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Eli Lilly and presently has a consensus rating of “Hold” and a consensus price target of $92.75.
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Eli Lilly and 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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