Gulf International Bank (uk) Ltd buys $24,018,880 stake in Eli Lilly and Co (LLY)

Eli Lilly and Co (LLY) : Gulf International Bank (uk) Ltd scooped up 200 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 Oct 13, 2016. The investment management firm now holds a total of 300,236 shares of Eli Lilly and Co which is valued at $24,018,880.Eli Lilly and Co makes up approximately 0.40% of Gulf International Bank (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in LLY in the latest quarter, The investment management firm added 4,384 additional shares and now holds a total of 43,969 shares of Eli Lilly and Co which is valued at $3,517,520. Eli Lilly and Co makes up approx 0.12% of Msi Financial Services Inc’s portfolio.Central Bank Trust Co reduced its stake in LLY by selling 426 shares or 17.61% in the most recent quarter. The Hedge Fund company now holds 1,993 shares of LLY which is valued at $163,605. Eli Lilly and Co makes up approx 0.05% of Central Bank Trust Co’s portfolio.First National Bank Of Mount Dora Trust Investment Services boosted its stake in LLY in the latest quarter, The investment management firm added 488 additional shares and now holds a total of 24,212 shares of Eli Lilly and Co which is valued at $1,979,331. Eli Lilly and Co makes up approx 1.11% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Eqis Capital Management reduced its stake in LLY by selling 418 shares or 4.15% in the most recent quarter. The Hedge Fund company now holds 9,664 shares of LLY which is valued at $790,032. Eli Lilly and Co makes up approx 0.05% of Eqis Capital Management’s portfolio.

Eli Lilly and Co closed down -1.25 points or -1.50% at $81.81 with 42,18,223 shares getting traded on Tuesday. Post opening the session at $82.6, the shares hit an intraday low of $81.25 and an intraday high of $82.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Eli Lilly and Co. Eli Lilly and Co was Upgraded by Goldman to ” Buy” on Sep 27, 2016. Eli Lilly and Co was Upgraded by JP Morgan to ” Overweight” on Sep 8, 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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