Sapphire Star Partners LP lowered its stake in shares of Eli Lilly and Company (NYSE:LLY) by 26.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,319 shares of the company’s stock after selling 3,981 shares during the period. Eli Lilly and comprises 1.3% of Sapphire Star Partners LP’s portfolio, making the stock its 21st largest holding. Sapphire Star Partners LP’s holdings in Eli Lilly and were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. 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. Point72 Asia Hong Kong Ltd raised its position in Eli Lilly and by 237.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,761 shares of the company’s stock worth $148,000 after acquiring an additional 1,239 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in Eli Lilly and during the second quarter worth about $148,000. 76.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Eli Lilly and Company (NYSE LLY) traded up $0.22 during mid-day trading on Tuesday, reaching $86.67. 3,336,800 shares of the company traded hands, compared to its average volume of 3,672,243. Eli Lilly and Company has a 1 year low of $67.42 and a 1 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. The firm has a market capitalization of $95,189.66, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.35.

Eli Lilly and (NYSE:LLY) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Eli Lilly and had a net margin of 9.90% and a return on equity of 30.27%. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Eli Lilly and’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that Eli Lilly and Company will post 4.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be given a dividend of $0.5625 per share. This is a positive change from Eli Lilly and’s previous quarterly dividend of $0.52. This represents a $2.25 annualized dividend and a yield of 2.60%. Eli Lilly and’s dividend payout ratio is 98.58%.

In related news, major shareholder Lilly Endowment Inc sold 190,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $82.53, for a total transaction of $15,680,700.00. Following the completion of the transaction, the insider now owns 123,682,287 shares of the company’s stock, valued at $10,207,499,146.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alfonso G. Zulueta sold 2,003 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.67, for a total transaction of $167,591.01. Following the transaction, the senior vice president now directly owns 43,580 shares of the company’s stock, valued at approximately $3,646,338.60. The disclosure for this sale can be found here. Insiders have sold 628,588 shares of company stock valued at $53,399,536 in the last ninety days. 0.20% of the stock is currently owned by company 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. Morgan Stanley lifted their target price on shares of Eli Lilly and from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. Zacks Investment Research cut shares of Eli Lilly and from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Berenberg Bank restated a “buy” rating and set a $98.00 target price on shares of Eli Lilly and in a research report on Thursday, October 26th. Finally, Leerink Swann lifted their target price 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $90.25.

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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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Institutional Ownership by Quarter for Eli Lilly and (NYSE:LLY)

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