Eli Lilly and Company (NYSE:LLY – Get Rating) largest shareholder, Lilly Endowment Inc, sold 89,458 shares of the company in a trade on Thursday, July 28. The shares were sold at an average price of $332.85, for a total transaction of $29,776,095.30. Following the completion of the sale, the insider now owns 103,875,441 shares of the company, valued at approximately $34,574,940,536.85. The sale was disclosed in a legal filing with the SEC, accessible via this link. Large shareholders who own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Lilly Endowment Inc also recently made the following trade(s):
- On Tuesday July 26, Lilly Endowment Inc sold 1,601 shares of Eli Lilly and shares. The stock was sold at an average price of $332.52, for a total transaction of $532,364.52.
- On Friday July 15, Lilly Endowment Inc sold 17,310 shares of Eli Lilly and shares. The stock was sold at an average price of $332.76, for a total transaction of $5,760,075.60.
- On Wednesday, July 6, Lilly Endowment Inc sold 177,243 Eli Lilly shares and shares. The stock was sold at an average price of $330.28, for a total transaction of $58,539,818.04.
- On Monday, June 27, Lilly Endowment Inc sold 41,857 Eli Lilly shares and shares. The stock was sold at an average price of $329.05, for a total transaction of $13,773,045.85.
- On Friday, June 24, Lilly Endowment Inc sold 215,000 Eli Lilly shares and stock. The stock was sold at an average price of $324.31, for a total transaction of $69,726,650.00.
- On Wednesday, June 22, Lilly Endowment Inc sold 210,000 Eli Lilly shares and shares. The stock was sold at an average price of $306.84, for a total transaction of $64,436,400.00.
- On Friday May 27, Lilly Endowment Inc sold 200,000 shares of Eli Lilly and stock. The stock was sold at an average price of $318.98, for a total transaction of $63,796,000.00.
- On Wednesday, May 25, Lilly Endowment Inc sold 41,610 shares of Eli Lilly and shares. The stock was sold at an average price of $308.95, for a total value of $12,855,409.50.
- On Monday, May 23, Lilly Endowment Inc sold 118,856 Eli Lilly shares and shares. The stock was sold at an average price of $302.73, for a total value of $35,981,276.88.
- On Wednesday, May 18, Lilly Endowment Inc sold 700 shares of Eli Lilly and shares. The stock was sold at an average price of $302.00, for a total value of $211,400.00.
Eli Lilly and Stock down 1.1%
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NYSE LLY traded at $3.68 during Friday trading hours, hitting $327.12. 54,305 shares of the company were traded, with an average volume of 2,896,932. Eli Lilly and Company has a one-year low of $220.20 and a one-year high of $335.33. The company has a debt ratio of 1.60, a quick ratio of 0.98 and a current ratio of 1.27. The company’s 50-day moving average is $315.23 and its two-hundred-day moving average is $286.29. The company has a market capitalization of $310.82 billion, a price-to-earnings ratio of 49.01, a growth price-to-earnings ratio of 2.35 and a beta of 0.37.
Eli Lilly and (NYSE:LLY – Get Rating) last released their quarterly results on Thursday, April 28. The company reported earnings per share of $2.62 for the quarter, beating analyst consensus estimates of $2.32 by $0.30. Eli Lilly and had a return on equity of 97.58% and a net margin of 20.90%. The company posted revenue of $7.81 billion in the quarter, versus a consensus estimate of $7.29 billion. In the same quarter a year earlier, the company posted EPS of $1.87. The company’s revenue increased 14.8% year over year. On average, analysts expect Eli Lilly and Company to post EPS of 8.31 for the current fiscal year.
Eli Lilly and announces a dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9. Shareholders of record on Monday August 15 will receive a dividend of $0.98 per share. This represents a dividend of $3.92 on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, August 12. Eli Lilly’s dividend payout ratio (DPR) is currently 58.07%.
A Wall Street analyst gives his opinion
Several brokerages weighed in on LLY. Barclays raised its price target on Eli Lilly and $333.00 to $355.00 and gave the stock an “overweight” rating in a Thursday, July 7 report. Morgan Stanley raised its price target on Eli Lilly and from $369.00 to $395.00 and gave the company an “overweight” rating in a Friday, July 8 research note. StockNews.com upgraded Eli Lilly from a “buy” rating to a “strong buy” rating in a Friday, July 1 research rating. UBS Group raised its price target on Eli Lilly and to $335.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Mizuho raised its price target on Eli Lilly and from $315.00 to $356.00 in a Monday, May 2 research note. Three investment analysts gave the stock a hold rating, fifteen gave the stock a buy rating and one gave the stock a high buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $316.06.
Hedge funds weigh on Eli Lilly and
A number of large investors have recently bought and sold shares of LLY. Vanguard Group Inc. increased its holdings in shares of Eli Lilly and 1.8% in the 1st quarter. Vanguard Group Inc. now owns 70,481,178 shares of the company valued at $20,183,695,000 after purchasing an additional 1,219,424 shares in the last quarter. State Street Corp increased its holdings of Eli Lilly shares and 2.5% in the 4th quarter. State Street Corp now owns 33,929,864 shares of the company valued at $9,372,107,000 after purchasing an additional 813,983 shares in the last quarter. Capital World Investors increased its holding of Eli Lilly shares by 17.0% in the 1st quarter. Capital World Investors now owns 22,358,444 shares of the company valued at $6,402,838,000 after purchasing an additional 3,242,548 shares in the last quarter. Geode Capital Management LLC increased its holdings in Eli Lilly shares and by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 14,731,168 shares of the company valued at $4,059,130,000 after purchasing an additional 409,009 shares in the last quarter. Lastly, Capital International Investors increased its holding of Eli Lilly shares by 30.5% in the 1st quarter. Capital International Investors now owns 8,839,241 shares of the company valued at $2,532,024,000 after purchasing an additional 2,063,557 shares in the last quarter. Institutional investors and hedge funds own 82.75% of the company’s shares.
Eli Lilly and Company Profile
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Eli Lilly and Company discovers, develops and markets human pharmaceuticals worldwide. It offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R and Humulin U-500 for diabetes; and Jardiance, Trajenta and Trulicity for type 2 diabetes.
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