Calton & Associates Inc. bought a new position in shares of Eli Lilly and Co (NYSE:LLY) during the 4th quarter, Holdings Channel reports. The firm bought 2,818 shares of the company’s stock, valued at approximately $237,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in LLY. Acrospire Investment Management LLC lifted its holdings in Eli Lilly and by 16.7% during the 2nd 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 position in Eli Lilly and during the 2nd quarter worth about $128,000. San Francisco Sentry Investment Group CA acquired a new position in Eli Lilly and during the 2nd quarter worth about $129,000. Front Row Advisors LLC acquired a new position in shares of Eli Lilly and in the 4th quarter valued at about $137,000. Finally, Willingdon Wealth Management acquired a new position in shares of Eli Lilly and in the 3rd quarter valued at about $138,000. 76.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Eli Lilly and Co (NYSE:LLY) opened at $76.23 on Friday. Eli Lilly and Co has a 12-month low of $73.69 and a 12-month high of $89.09. The company has a market capitalization of $83,940.00, a PE ratio of -381.15, a P/E/G ratio of 1.41 and a beta of 0.23. 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 company 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 $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 2.95%. This is a positive change from Eli Lilly and’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, February 14th. Eli Lilly and’s payout ratio is presently -1,040.00%.
LLY has been the topic of a number of recent analyst reports. 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. Goldman Sachs Group downgraded Eli Lilly and from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $86.98 to $95.00 in a research note on Tuesday, January 16th. Argus raised Eli Lilly and from a “hold” rating to a “buy” rating and boosted their price objective for the company from $85.52 to $115.00 in a research note on Friday, January 5th. BMO Capital Markets set a $73.00 price objective on Eli Lilly and and gave the company a “sell” rating in a research note on Tuesday, December 5th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $105.00 price objective on shares of Eli Lilly and in a research note on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.02.
In related news, SVP Susan Mahony sold 36,585 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $86.18, for a total value of $3,152,895.30. Following the completion of the sale, the senior vice president now directly owns 54,885 shares of the company’s stock, valued at approximately $4,729,989.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lilly Endowment Inc sold 200,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $88.20, for a total value of $17,640,000.00. Following the completion of the sale, the insider now directly owns 123,084,104 shares of the company’s stock, valued at $10,856,017,972.80. The disclosure for this sale can be found here. Insiders sold a total of 259,610 shares of company stock valued at $22,727,406 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.
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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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