River & Mercantile Asset Management LLP Has $7.25 Million Stake in Eli Lilly and Co (LLY)
River & Mercantile Asset Management LLP increased its position in Eli Lilly and Co (NYSE:LLY) by 29.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 85,800 shares of the company’s stock after acquiring an additional 19,300 shares during the period. River & Mercantile Asset Management LLP’s holdings in Eli Lilly and were worth $7,251,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Buckley Wealth Management LLC acquired a new position in shares of Eli Lilly and in the fourth quarter valued at approximately $421,000. NuWave Investment Management LLC acquired a new position in shares of Eli Lilly and in the fourth quarter valued at approximately $1,292,000. Wealthstreet Investment Advisors LLC acquired a new position in shares of Eli Lilly and in the fourth quarter valued at approximately $3,112,000. Gradient Investments LLC acquired a new position in shares of Eli Lilly and in the fourth quarter valued at approximately $103,000. Finally, Girard Partners LTD. increased its position in Eli Lilly and by 19.0% during the fourth quarter. Girard Partners LTD. now owns 8,114 shares of the company’s stock worth $685,000 after purchasing an additional 1,297 shares during the last quarter. 76.20% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. BMO Capital Markets set a $73.00 price target on shares of Eli Lilly and and gave the stock a “sell” rating in a research report on Tuesday, October 24th. Berenberg Bank reaffirmed a “buy” rating and set a $98.00 price target on shares of Eli Lilly and in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Eli Lilly and from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Credit Suisse Group reaffirmed a “hold” rating on shares of Eli Lilly and in a research report on Wednesday, December 13th. Finally, Leerink Swann upped their price target on shares of Eli Lilly and from $92.00 to $93.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Three 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. Eli Lilly and presently has an average rating of “Hold” and an average price target of $92.02.
Eli Lilly and (NYSE:LLY) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 for the quarter was up 7.0% on a year-over-year basis. sell-side analysts predict that Eli Lilly and Co will post 4.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.5625 per share. This is an increase from Eli Lilly and’s previous quarterly dividend of $0.52. This represents a $2.25 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, February 14th. Eli Lilly and’s payout ratio is currently -1,040.00%.
In other news, SVP Susan Mahony sold 36,585 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $86.18, for a total value of $3,152,895.30. Following the completion of the transaction, the senior vice president now directly owns 54,885 shares in the company, valued at $4,729,989.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lilly Endowment Inc sold 200,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $88.20, for a total transaction of $17,640,000.00. Following the completion of the transaction, the insider now 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. Over the last quarter, insiders have sold 259,610 shares of company stock valued at $22,727,406. 0.20% of the stock is owned by insiders.
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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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