Edge Financial Advisors LLC Invests $730,000 in Eli Lilly and Company $LLY

Edge Financial Advisors LLC purchased a new stake in Eli Lilly and Company (NYSE:LLYFree Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 957 shares of the company’s stock, valued at approximately $730,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. grew its stake in Eli Lilly and Company by 1.4% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 305,688 shares of the company’s stock worth $233,240,000 after buying an additional 4,300 shares in the last quarter. Coordinated Financial Services Inc. boosted its position in shares of Eli Lilly and Company by 82.8% during the 3rd quarter. Coordinated Financial Services Inc. now owns 532 shares of the company’s stock worth $406,000 after acquiring an additional 241 shares in the last quarter. Dash Acquisitions Inc. boosted its position in shares of Eli Lilly and Company by 207.0% during the 3rd quarter. Dash Acquisitions Inc. now owns 1,489 shares of the company’s stock worth $1,211,000 after acquiring an additional 1,004 shares in the last quarter. Birch Financial Group LLC increased its stake in Eli Lilly and Company by 18.9% in the third quarter. Birch Financial Group LLC now owns 1,425 shares of the company’s stock valued at $1,087,000 after acquiring an additional 227 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in Eli Lilly and Company by 13.8% during the third quarter. UniSuper Management Pty Ltd now owns 164,787 shares of the company’s stock valued at $125,732,000 after purchasing an additional 19,987 shares in the last quarter. Institutional investors own 82.53% of the company’s stock.

Key Eli Lilly and Company News

Here are the key news stories impacting Eli Lilly and Company this week:

Eli Lilly and Company Trading Down 2.1%

LLY opened at $1,065.05 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.55 and a quick ratio of 1.24. Eli Lilly and Company has a fifty-two week low of $623.78 and a fifty-two week high of $1,133.95. The company’s 50 day moving average price is $1,057.19 and its two-hundred day moving average price is $880.07. The firm has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 52.11, a PEG ratio of 0.82 and a beta of 0.35.

Eli Lilly and Company (NYSE:LLYGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $7.02 EPS for the quarter, topping analysts’ consensus estimates of $6.42 by $0.60. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $16.09 billion. Eli Lilly and Company had a net margin of 30.99% and a return on equity of 109.52%. Eli Lilly and Company’s revenue was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. Eli Lilly and Company has set its FY 2025 guidance at 23.000-23.700 EPS. As a group, research analysts predict that Eli Lilly and Company will post 23.48 earnings per share for the current year.

Eli Lilly and Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be issued a dividend of $1.73 per share. This represents a $6.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Eli Lilly and Company’s previous quarterly dividend of $1.50. Eli Lilly and Company’s dividend payout ratio (DPR) is presently 29.35%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LLY. Loop Capital set a $950.00 price target on Eli Lilly and Company in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eli Lilly and Company in a research note on Monday, December 22nd. HSBC restated a “hold” rating and issued a $1,070.00 price target on shares of Eli Lilly and Company in a research note on Wednesday, December 10th. Berenberg Bank upped their price objective on shares of Eli Lilly and Company from $830.00 to $950.00 and gave the stock a “hold” rating in a research report on Tuesday, December 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Eli Lilly and Company in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $1,174.61.

View Our Latest Stock Report on Eli Lilly and Company

About Eli Lilly and Company

(Free Report)

Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company founded in 1876 and headquartered in Indianapolis, Indiana. The company researches, develops, manufactures and commercializes a broad range of medicines and therapies for patients worldwide. Eli Lilly maintains operations and commercial presence across North America, Europe, Asia and other regions, serving both developed and emerging markets. The company has been led in recent years by President and Chief Executive Officer David A.

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

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