Palladium Partners LLC lifted its stake in Eli Lilly and Co (NYSE:LLY) by 42.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,303 shares of the company’s stock after purchasing an additional 61,350 shares during the period. Eli Lilly and makes up 1.4% of Palladium Partners LLC’s investment portfolio, making the stock its 21st largest holding. Palladium Partners LLC’s holdings in Eli Lilly and were worth $17,732,000 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 the stock. Hartland & Co. LLC raised its position in Eli Lilly and by 4.4% during the first quarter. Hartland & Co. LLC now owns 10,386 shares of the company’s stock worth $874,000 after acquiring an additional 438 shares during the last quarter. Rothschild Asset Management Inc. raised its position in Eli Lilly and by 4.1% during the first quarter. Rothschild Asset Management Inc. now owns 883,359 shares of the company’s stock worth $74,299,000 after acquiring an additional 35,136 shares during the last quarter. Simmons Bank raised its position in Eli Lilly and by 1.1% during the first quarter. Simmons Bank now owns 38,103 shares of the company’s stock worth $3,205,000 after acquiring an additional 418 shares during the last quarter. Northwest Quadrant Wealth Management LLC raised its position in Eli Lilly and by 0.5% during the first quarter. Northwest Quadrant Wealth Management LLC now owns 3,589 shares of the company’s stock worth $290,000 after acquiring an additional 19 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Eli Lilly and by 798.7% during the first quarter. Teacher Retirement System of Texas now owns 854,735 shares of the company’s stock worth $71,892,000 after acquiring an additional 759,625 shares during the last quarter. Hedge funds and other institutional investors own 76.30% of the company’s stock.
In related news, SVP Alfonso G. Zulueta sold 2,003 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.67, for a total value of $167,591.01. Following the completion of the sale, the senior vice president now directly owns 43,580 shares in the company, valued at $3,646,338.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Lilly Endowment Inc sold 205,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $86.81, for a total transaction of $17,796,050.00. The disclosure for this sale can be found here. In the last three months, insiders sold 651,088 shares of company stock valued at $56,439,586. Company insiders own 0.20% of the company’s stock.
Eli Lilly and Co (NYSE LLY) opened at $85.61 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.03. The firm has a market cap of $95,475.95, a P/E ratio of 21.20, a PEG ratio of 1.79 and a beta of 0.35. Eli Lilly and Co has a 52-week low of $72.68 and a 52-week high of $89.09.
Eli Lilly and (NYSE:LLY) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.52 billion. Eli Lilly and had a net margin of 9.82% and a return on equity of 15.37%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. analysts forecast that Eli Lilly and Co will post 4.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Wednesday, February 14th. This is a positive change from Eli Lilly and’s previous quarterly dividend of $0.52. Eli Lilly and’s payout ratio is currently 98.58%.
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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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