Valley National Advisers Inc Lowers stake in Eli Lilly and Co (LLY)

Eli Lilly and Co (LLY) : Valley National Advisers Inc reduced its stake in Eli Lilly and Co by 0.8% during the most recent quarter end. The investment management company now holds a total of 15,559 shares of Eli Lilly and Co which is valued at $1,210,957 after selling 126 shares in Eli Lilly and Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Eli Lilly and Co makes up approximately 0.64% of Valley National Advisers Inc’s portfolio.

Eli Lilly and Co opened for trading at $76.52 and hit $77.16 on the upside on Wednesday, eventually ending the session at $76.51, with a gain of 0.31% or 0.24 points. The heightened volatility saw the trading volume jump to 36,90,949 shares. Company has a market cap of $84,627 M.

Other Hedge Funds, Including , St Germain D J Co Inc boosted its stake in LLY in the latest quarter, The investment management firm added 1,466 additional shares and now holds a total of 7,260 shares of Eli Lilly and Co which is valued at $565,046. Eli Lilly and Co makes up approx 0.08% of St Germain D J Co Inc’s portfolio.Gemmer Asset Management boosted its stake in LLY in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 780 shares of Eli Lilly and Co which is valued at $58,913. Eli Lilly and Co makes up approx 0.03% of Gemmer Asset Management’s portfolio.Capital Investment Advisors reduced its stake in LLY by selling 897 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 36,621 shares of LLY which is valued at $2,765,984. Eli Lilly and Co makes up approx 0.27% of Capital Investment Advisors’s portfolio.Eastern Bank reduced its stake in LLY by selling 216 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 12,300 shares of LLY which is valued at $929,019. Eli Lilly and Co makes up approx 0.08% of Eastern Bank’s portfolio.

On the company’s financial health, Eli Lilly and Co reported $0.83 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.85. The company had revenue of $4865.10 million for the quarter, compared to analysts expectations of $4829.37 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.

Many Wall Street Analysts have commented on Eli Lilly and Co. Societe Generale Initiated Eli Lilly and Co on Apr 6, 2016 to “Hold”, Price Target of the shares are set at $78.

Eli Lilly and Company (Lilly) is engaged in drug manufacturing business. The Company discovers develops manufactures and market products in two segments: human pharmaceutical products and animal health products. The Company’s products are sold in approximately 120 countries. The Company’s human pharmaceutical business segment sells medicines which are discovered or developed by its scientists. Its animal health business segment operates through the Company’s Elanco division which develops manufactures and markets products for both food animals and companion animals. The Company manufactures and distributes its products through facilities in the United States Puerto Rico and 11 other countries. Its products include endocrinology products neuroscience products oncology products cardiovascular products products for food animals products for companion animals and Novartis AH products.

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