Horizon Investments adds Eli Lilly and Co (LLY) to its portfolio

Eli Lilly and Co (LLY) : Horizon Investments added new position in Eli Lilly and Co during the most recent quarter end. The investment management firm now holds 6,957 shares of Eli Lilly and Co which is valued at $558,091 , the company said in a statement filed on Aug 11, 2016 with the SEC.Eli Lilly and Co makes up approximately 0.04% of Horizon Investments’s portfolio.

Other Hedge Funds, Including , Apg Asset Management N.v. boosted its stake in LLY in the latest quarter, The investment management firm added 239,179 additional shares and now holds a total of 4,527,642 shares of Eli Lilly and Co which is valued at $363,207,441. Eli Lilly and Co makes up approx 0.67% of Apg Asset Management N.v.’s portfolio.Oak Associates Ltd Oh reduced its stake in LLY by selling 3,200 shares or 12.45% in the most recent quarter. The Hedge Fund company now holds 22,500 shares of LLY which is valued at $1,812,600. Eli Lilly and Co makes up approx 0.20% of Oak Associates Ltd Oh’s portfolio. Hikari Power Ltd added LLY to its portfolio by purchasing 8,500 company shares during the most recent quarter which is valued at $703,120. Eli Lilly and Co makes up approx 0.08% of Hikari Power Ltd’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in LLY in the latest quarter, The investment management firm added 10,250 additional shares and now holds a total of 1,625,795 shares of Eli Lilly and Co which is valued at $134,485,762. Eli Lilly and Co makes up approx 0.40% of Mizuho Trust Banking Ltd.’s portfolio. Svenska Handelsbanken Ab (publ) added LLY to its portfolio by purchasing 731,499 company shares during the most recent quarter which is valued at $58,051,761. Eli Lilly and Co makes up approx 3.47% of Svenska Handelsbanken Ab (publ)’s portfolio.

Eli Lilly and Co opened for trading at $79.68 and hit $79.97 on the upside on Tuesday, eventually ending the session at $79.57, with a gain of 0.35% or 0.28 points. The heightened volatility saw the trading volume jump to 34,07,537 shares. Company has a market cap of $87,833 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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