Reliant Investment Management LLC Takes $2.91 Million Position in Eli Lilly and Co (LLY)
Reliant Investment Management LLC bought a new position in Eli Lilly and Co (NYSE:LLY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 34,474 shares of the company’s stock, valued at approximately $2,912,000.
Several other institutional investors and hedge funds have also bought and sold shares of LLY. Janus Henderson Group PLC increased its stake in shares of Eli Lilly and by 7,093.5% in the second quarter. Janus Henderson Group PLC now owns 9,353,275 shares of the company’s stock worth $769,774,000 after purchasing an additional 9,223,251 shares in the last quarter. Dodge & Cox increased its stake in shares of Eli Lilly and by 22,094.9% in the second quarter. Dodge & Cox now owns 5,991,952 shares of the company’s stock worth $493,138,000 after purchasing an additional 5,964,955 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Eli Lilly and by 91.1% in the second quarter. Renaissance Technologies LLC now owns 5,694,905 shares of the company’s stock worth $468,691,000 after purchasing an additional 2,714,505 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Eli Lilly and by 85.4% in the fourth quarter. Bank of Montreal Can now owns 4,631,241 shares of the company’s stock worth $391,156,000 after purchasing an additional 2,133,606 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Eli Lilly and by 2.3% in the second quarter. Vanguard Group Inc. now owns 70,207,891 shares of the company’s stock worth $5,778,109,000 after purchasing an additional 1,610,885 shares in the last quarter. Hedge funds and other institutional investors own 76.45% of the company’s stock.
LLY has been the subject of several recent research reports. Jefferies Group set a $100.00 target price on shares of Eli Lilly and and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Goldman Sachs Group downgraded shares of Eli Lilly and from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $86.98 to $95.00 in a research note on Tuesday, January 16th. Argus upgraded shares of Eli Lilly and from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.52 to $115.00 in a research report on Friday, January 5th. BMO Capital Markets set a $73.00 price objective on shares of Eli Lilly and and gave the company a “sell” rating in a research report on Tuesday, December 5th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $105.00 price objective on shares of Eli Lilly and in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.02.
Shares of Eli Lilly and Co (LLY) opened at $76.23 on Friday. Eli Lilly and Co has a 1 year low of $73.69 and a 1 year high of $89.09. The stock has a market cap of $81,712.27, a P/E ratio of -381.13, a price-to-earnings-growth ratio of 1.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.38.
Eli Lilly and (NYSE:LLY) last announced its earnings results on Wednesday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same period in the previous year, the business posted $0.95 earnings per share. Eli Lilly and’s revenue for the quarter was up 7.0% on a year-over-year basis. equities research analysts anticipate that Eli Lilly and Co will post 4.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, February 14th. 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 2.95%. Eli Lilly and’s payout ratio is presently -1,039.95%.
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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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