Bessemer Group Inc. grew its stake in shares of Eli Lilly and Company (NYSE:LLY) by 0.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,177,106 shares of the company’s stock after acquiring an additional 1,247 shares during the period. Eli Lilly and accounts for 1.1% of Bessemer Group Inc.’s holdings, making the stock its 14th largest position. Bessemer Group Inc. owned about 0.29% of Eli Lilly and worth $271,770,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. Swiss National Bank lifted its position in Eli Lilly and by 0.9% during the third quarter. Swiss National Bank now owns 4,157,443 shares of the company’s stock worth $355,628,000 after acquiring an additional 36,000 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its position in shares of Eli Lilly and by 119.6% in the third quarter. Jaffetilchin Investment Partners LLC now owns 10,628 shares of the company’s stock valued at $909,000 after buying an additional 5,789 shares in the last quarter. Maple Capital Management Inc. raised its position in shares of Eli Lilly and by 2.4% in the third quarter. Maple Capital Management Inc. now owns 96,166 shares of the company’s stock valued at $8,226,000 after buying an additional 2,270 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Eli Lilly and by 65.7% in the third quarter. Jacobi Capital Management LLC now owns 1,718 shares of the company’s stock valued at $150,000 after buying an additional 681 shares in the last quarter. Finally, Blackhill Capital Inc. raised its position in shares of Eli Lilly and by 0.6% in the third quarter. Blackhill Capital Inc. now owns 154,915 shares of the company’s stock valued at $13,251,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.
LLY has been the subject of a number of analyst reports. Jefferies Group reiterated a “buy” rating and issued a $89.00 price target on shares of Eli Lilly and in a research report on Monday, September 11th. BMO Capital Markets reiterated an “underperform” rating and issued a $71.00 price target (down from $73.00) on shares of Eli Lilly and in a research report on Wednesday, September 6th. Credit Suisse Group downgraded shares of Eli Lilly and from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $84.23 to $88.00 in a research report on Tuesday, October 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $105.00 price target (up from $103.00) on shares of Eli Lilly and in a research report on Friday, September 8th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $98.00 price target on shares of Eli Lilly and in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $90.25.
Eli Lilly and Company (NYSE:LLY) opened at $86.54 on Friday. The stock has a market cap of $95,244.73, a P/E ratio of 21.15, a P/E/G ratio of 1.76 and a beta of 0.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.03. Eli Lilly and Company has a one year low of $71.76 and a one year high of $89.09.
Eli Lilly and (NYSE:LLY) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Eli Lilly and had a net margin of 9.90% and a return on equity of 30.27%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. equities analysts anticipate that Eli Lilly and Company will post 4.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 2.60%. This is a boost from Eli Lilly and’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, February 14th. Eli Lilly and’s dividend payout ratio (DPR) is 98.58%.
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About Eli Lilly and
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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