Simmons Bank buys $3,038,967 stake in Eli Lilly and Co (LLY)

Eli Lilly and Co (LLY) : Simmons Bank scooped up 1,228 additional shares in Eli Lilly and Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 36,738 shares of Eli Lilly and Co which is valued at $3,038,967.Eli Lilly and Co makes up approximately 0.34% of Simmons Bank’s portfolio.

Other Hedge Funds, Including , Mission Wealth Management reduced its stake in LLY by selling 65 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 3,544 shares of LLY which is valued at $293,160. Eli Lilly and Co makes up approx 0.07% of Mission Wealth Management’s portfolio. Genesee Valley Trust Co added LLY to its portfolio by purchasing 2,688 company shares during the most recent quarter which is valued at $224,179. Eli Lilly and Co makes up approx 0.15% of Genesee Valley Trust Co’s portfolio.Greylin Investment Mangement Inc reduced its stake in LLY by selling 225 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 29,790 shares of LLY which is valued at $2,484,486. Eli Lilly and Co makes up approx 0.55% of Greylin Investment Mangement Inc’s portfolio.Wagner Bowman Management Corp boosted its stake in LLY in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 9,672 shares of Eli Lilly and Co which is valued at $806,645. Eli Lilly and Co makes up approx 0.31% of Wagner Bowman Management Corp’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.

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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