Advanced Asset Management Advisors Inc bought a new position in shares of Eli Lilly and Co (NYSE:LLY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,263 shares of the company’s stock, valued at approximately $276,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Eli Lilly and by 2.3% in the second quarter. Vanguard Group Inc. now owns 70,207,891 shares of the company’s stock valued at $5,778,109,000 after buying an additional 1,610,885 shares during the period. BlackRock Inc. increased its stake in shares of Eli Lilly and by 2.1% in the second quarter. BlackRock Inc. now owns 63,583,747 shares of the company’s stock valued at $5,232,942,000 after buying an additional 1,323,259 shares during the period. Janus Henderson Group PLC increased its stake in shares of Eli Lilly and by 16.1% in the third quarter. Janus Henderson Group PLC now owns 10,857,193 shares of the company’s stock valued at $928,719,000 after buying an additional 1,503,918 shares during the period. Dodge & Cox increased its stake in shares of Eli Lilly and by 22,094.9% in the second quarter. Dodge & Cox now owns 5,991,952 shares of the company’s stock valued at $493,138,000 after buying an additional 5,964,955 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Eli Lilly and by 91.1% in the second quarter. Renaissance Technologies LLC now owns 5,694,905 shares of the company’s stock valued at $468,691,000 after buying an additional 2,714,505 shares during the period. 76.20% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Eli Lilly and in a research note on Friday, February 2nd. Bank of America lowered their price objective on Eli Lilly and from $88.00 to $86.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. BMO Capital Markets upped their price objective on Eli Lilly and from $73.00 to $74.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Jefferies Group set a $100.00 price objective on Eli Lilly and and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Goldman Sachs Group cut Eli Lilly and from a “buy” rating to a “neutral” rating and upped their target price for the company from $86.98 to $95.00 in a report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Eli Lilly and presently has a consensus rating of “Hold” and a consensus target price of $92.02.
Eli Lilly and Co (NYSE:LLY) opened at $78.97 on Friday. The stock has a market capitalization of $86,950.00, a P/E ratio of 49.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.23. Eli Lilly and Co has a twelve month low of $73.69 and a twelve month high of $89.09. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66.
Eli Lilly and (NYSE:LLY) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $5.93 billion. Eli Lilly and had a positive return on equity of 31.44% and a negative net margin of 0.89%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. sell-side analysts anticipate that Eli Lilly and Co will post 4.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Eli Lilly and’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, February 14th. Eli Lilly and’s dividend payout ratio is presently 139.75%.
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About Eli Lilly and
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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