Martingale Asset Management L P lifted its stake in Eli Lilly and Co (NYSE:LLY) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 559,684 shares of the company’s stock after purchasing an additional 19,614 shares during the period. Eli Lilly and makes up 0.6% of Martingale Asset Management L P’s investment portfolio, making the stock its 25th largest holding. Martingale Asset Management L P owned 0.05% of Eli Lilly and worth $47,272,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in LLY. Gradient Investments LLC acquired a new position in Eli Lilly and during the fourth quarter worth about $103,000. Acrospire Investment Management LLC raised its position in 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 acquiring an additional 200 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new position in Eli Lilly and during the second quarter worth about $128,000. San Francisco Sentry Investment Group CA acquired a new position in Eli Lilly and during the second quarter worth about $129,000. Finally, Front Row Advisors LLC acquired a new position in Eli Lilly and during the fourth quarter worth about $137,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.
In related news, SVP Jeffrey N. Simmons sold 9,625 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.12, for a total value of $780,780.00. Following the completion of the sale, the senior vice president now directly owns 152,120 shares in the company, valued at $12,339,974.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Donald A. Zakrowski sold 900 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.09, for a total transaction of $72,981.00. Following the completion of the sale, the insider now owns 4,130 shares of the company’s stock, valued at $334,901.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 259,610 shares of company stock valued at $22,727,406. 0.20% of the stock is owned by insiders.
A number of equities analysts have issued reports on the stock. BMO Capital Markets set a $73.00 target price on shares of Eli Lilly and and gave the stock a “sell” rating in a research report on Tuesday, December 5th. Credit Suisse Group restated a “hold” rating and set a $80.00 target price on shares of Eli Lilly and in a research report on Friday, February 2nd. Argus upgraded shares of Eli Lilly and from a “hold” rating to a “buy” rating and lifted their target price for the stock from $85.52 to $115.00 in a research report on Friday, January 5th. Jefferies Group set a $100.00 target price on shares of Eli Lilly and and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Bank of America cut their target price on shares of Eli Lilly and from $88.00 to $86.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $93.22.
Shares of Eli Lilly and Co (NYSE:LLY) opened at $77.55 on Thursday. Eli Lilly and Co has a twelve month low of $73.69 and a twelve month high of $89.09. The company has a market cap of $84,963.62, a PE ratio of -387.73, a PEG ratio of 1.45 and a beta of 0.23. 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 released its earnings results on Wednesday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Eli Lilly and had a negative net margin of 0.89% and a positive return on equity of 31.44%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. Eli Lilly and’s revenue was up 7.0% compared to the same quarter last year. research analysts predict that Eli Lilly and Co will post 4.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 2.90%. This is an increase from Eli Lilly and’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, February 14th. Eli Lilly and’s payout ratio is presently -1,124.94%.
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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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