Eli Lilly and Co (NYSE:LLY) SVP Jeffrey N. Simmons sold 9,625 shares of Eli Lilly and 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 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 accessible through this link.
Shares of Eli Lilly and Co (NYSE LLY) opened at $76.25 on Tuesday. The firm has a market cap of $83,960.00, a P/E ratio of -381.25, a price-to-earnings-growth ratio of 1.39 and a beta of 0.23. Eli Lilly and Co has a one year low of $73.69 and a one year high of $89.09. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.66.
Eli Lilly and (NYSE:LLY) last announced its earnings results on Wednesday, January 31st. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ 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 last 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. equities research analysts anticipate that Eli Lilly and Co will post 4.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders 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 dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, February 14th. Eli Lilly and’s payout ratio is presently -1,040.00%.
Several institutional investors have recently modified their holdings of LLY. Gradient Investments LLC purchased a new position in Eli Lilly and in the fourth quarter valued at $103,000. Acrospire Investment Management LLC increased its holdings in Eli Lilly and by 16.7% in the second quarter. Acrospire Investment Management LLC now owns 1,399 shares of the company’s stock valued at $115,000 after buying an additional 200 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Eli Lilly and in the second quarter valued at $128,000. San Francisco Sentry Investment Group CA purchased a new position in Eli Lilly and in the second quarter valued at $129,000. Finally, Front Row Advisors LLC purchased a new position in Eli Lilly and in the fourth quarter valued at $137,000. 76.20% of the stock is owned by hedge funds and other institutional investors.
LLY has been the topic of a number of analyst reports. BMO Capital Markets set a $73.00 price target on Eli Lilly and and gave the stock a “sell” rating in a research report on Monday, October 16th. Leerink Swann boosted their target price on shares of Eli Lilly and from $92.00 to $93.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Eli Lilly and from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Thursday, October 26th. Berenberg Bank restated a “buy” rating and issued a $98.00 price objective on shares of Eli Lilly and in a research note on Thursday, October 26th. Finally, Morgan Stanley upped their price objective on Eli Lilly and from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 21st. Three investment 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.02.
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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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