State Of New Jersey Common Pension Fund D Lowers stake in Eli Lilly and Co (LLY)

Eli Lilly and Co (LLY) : State Of New Jersey Common Pension Fund D reduced its stake in Eli Lilly and Co by 0.7% during the most recent quarter end. The investment management company now holds a total of 2,142,496 shares of Eli Lilly and Co which is valued at $177,227,269 after selling 15,000 shares in Eli Lilly and Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Eli Lilly and Co makes up approximately 0.78% of State Of New Jersey Common Pension Fund D’s portfolio.

Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in LLY in the latest quarter, The investment management firm added 604 additional shares and now holds a total of 5,155 shares of Eli Lilly and Co which is valued at $426,422. Eli Lilly and Co makes up approx 0.06% of Carnegie Capital Asset Management’s portfolio.Palladium Partners boosted its stake in LLY in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 150,751 shares of Eli Lilly and Co which is valued at $12,102,290. Eli Lilly and Co makes up approx 1.07% of Palladium Partners’s portfolio. Trust Co Of Virginia Va added LLY to its portfolio by purchasing 2,625 company shares during the most recent quarter which is valued at $209,869. Eli Lilly and Co makes up approx 0.04% of Trust Co Of Virginia Va’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in LLY in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 4,400 shares of Eli Lilly and Co which is valued at $349,184. Eli Lilly and Co makes up approx 0.01% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.

Eli Lilly and Co opened for trading at $81.44 and hit $81.85 on the upside on Monday, eventually ending the session at $81.6, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 42,27,300 shares. Company has a market cap of $90,074 M.

On the company’s financial health, Eli Lilly and Co reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.85. The company had revenue of $5404.80 million for the quarter, compared to analysts expectations of $5157.09 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

Investors should note that on Jun 20, 2016, Eli Lilly and Co announced a cash dividend of $0.5100. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 9, 2016.

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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