Wheatland Advisors Inc buys $2.5 Million stake in Eli Lilly and Co (LLY)

Eli Lilly and Co (LLY) : Wheatland Advisors Inc scooped up 2 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 May 11, 2016. The investment management firm now holds a total of 32,167 shares of Eli Lilly and Co which is valued at $2.5 Million.Eli Lilly and Co makes up approximately 1.33% of Wheatland Advisors Inc’s portfolio.

Other Hedge Funds, Including , National Penn Investors Trust Co Pa sold out all of its stake in LLY during the most recent quarter. The investment firm sold 3,039 shares of LLY which is valued $231,967.Bks Advisors boosted its stake in LLY in the latest quarter, The investment management firm added 2,229 additional shares and now holds a total of 45,837 shares of Eli Lilly and Co which is valued at $3.5 Million. Eli Lilly and Co makes up approx 1.87% of Bks Advisors’s portfolio.Ifc Holdings Incorporatedfl boosted its stake in LLY in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 4,458 shares of Eli Lilly and Co which is valued at $332,567. Eli Lilly and Co makes up approx 0.04% of Ifc Holdings Incorporatedfl’s portfolio. Torch Wealth Management added LLY to its portfolio by purchasing 16,365 company shares during the most recent quarter which is valued at $1.2 Million. Eli Lilly and Co makes up approx 0.93% of Torch Wealth Management’s portfolio.Highpoint Advisor Group reduced its stake in LLY by selling 4,272 shares or 28.25% in the most recent quarter. The Hedge Fund company now holds 10,852 shares of LLY which is valued at $819,652. Eli Lilly and Co makes up approx 0.50% of Highpoint Advisor Group’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.

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