Eli Lilly and Co (LLY) : Walter Keenan Financial Consulting Co Mi Adv reduced its stake in Eli Lilly and Co by 1.61% during the most recent quarter end. The investment management company now holds a total of 48,740 shares of Eli Lilly and Co which is valued at $3.7 Million after selling 800 shares in Eli Lilly and Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Eli Lilly and Co makes up approximately 1.09% of Walter Keenan Financial Consulting Co Mi Adv’s portfolio.
Other Hedge Funds, Including , Mufg Americas Holdings Corp reduced its stake in LLY by selling 3,094 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 128,734 shares of LLY which is valued at $9.8 Million. Eli Lilly and Co makes up approx 0.35% of Mufg Americas Holdings Corp’s portfolio.Investment Partners Ltd Oh Adv boosted its stake in LLY in the latest quarter, The investment management firm added 4,430 additional shares and now holds a total of 11,882 shares of Eli Lilly and Co which is valued at $906,953. Eli Lilly and Co makes up approx 0.58% of Investment Partners Ltd Oh Adv’s portfolio. Cornerstone Financial Partners sold out all of its stake in LLY during the most recent quarter. The investment firm sold 2,776 shares of LLY which is valued $207,090.Intersect Capital boosted its stake in LLY in the latest quarter, The investment management firm added 2,863 additional shares and now holds a total of 14,320 shares of Eli Lilly and Co which is valued at $1.1 Million. Eli Lilly and Co makes up approx 0.68% of Intersect Capital’s portfolio. Capital Fund Management S.a. added LLY to its portfolio by purchasing 123,193 company shares during the most recent quarter which is valued at $9.2 Million. Eli Lilly and Co makes up approx 0.16% of Capital Fund Management S.a.’s portfolio.
Eli Lilly and Co opened for trading at $75.98 and hit $78.47 on the upside on Monday, eventually ending the session at $78.29, with a gain of 2.57% or 1.96 points. The heightened volatility saw the trading volume jump to 45,80,106 shares. Company has a market cap of $86,419 M.
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. Company shares were Reiterated by Leerink Partners on May 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 101 from a previous price target of $96 .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.