Putnam FL Investment Management Co. Buys 12,734 Shares of Eli Lilly And Co (LLY)

Putnam FL Investment Management Co. boosted its stake in shares of Eli Lilly And Co (NYSE:LLY) by 545.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,069 shares of the company’s stock after purchasing an additional 12,734 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Eli Lilly And Co were worth $1,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Athena Capital Advisors LLC acquired a new stake in shares of Eli Lilly And Co in the 4th quarter valued at about $26,000. Wakefield Asset Management LLLP acquired a new stake in shares of Eli Lilly And Co in the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in shares of Eli Lilly And Co in the 4th quarter valued at about $29,000. Ironwood Financial llc acquired a new stake in shares of Eli Lilly And Co in the 4th quarter valued at about $30,000. Finally, Acima Private Wealth LLC acquired a new stake in shares of Eli Lilly And Co in the 4th quarter valued at about $33,000. Institutional investors own 79.58% of the company’s stock.

A number of analysts recently issued reports on the company. Bank of America set a $129.00 target price on Eli Lilly And Co and gave the company a “hold” rating in a research report on Thursday, March 21st. Citigroup set a $124.00 target price on Eli Lilly And Co and gave the company a “hold” rating in a research report on Tuesday, February 26th. Zacks Investment Research raised Eli Lilly And Co from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Wednesday, December 19th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Eli Lilly And Co in a research note on Monday, February 4th. Finally, Argus reaffirmed a “buy” rating on shares of Eli Lilly And Co in a research note on Thursday, December 27th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Eli Lilly And Co currently has a consensus rating of “Buy” and an average target price of $115.68.

In other news, SVP Stephen F. Fry sold 14,847 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $123.16, for a total transaction of $1,828,556.52. Following the completion of the transaction, the senior vice president now directly owns 109,663 shares of the company’s stock, valued at approximately $13,506,095.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Lilly Endowment Inc sold 51,766 shares of the stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $117.74, for a total value of $6,094,928.84. Following the transaction, the insider now directly owns 117,963,538 shares of the company’s stock, valued at $13,889,026,964.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,039,190 shares of company stock valued at $129,455,652. Company insiders own 0.11% of the company’s stock.

LLY opened at $129.05 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.73 and a debt-to-equity ratio of 1.07. The company has a market cap of $133.67 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.46 and a beta of 0.33. Eli Lilly And Co has a 52 week low of $75.40 and a 52 week high of $132.13.

Eli Lilly And Co (NYSE:LLY) last issued its earnings results on Wednesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.03). The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Eli Lilly And Co had a return on equity of 44.66% and a net margin of 13.16%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $1.14 earnings per share. On average, equities research analysts expect that Eli Lilly And Co will post 5.66 earnings per share for the current fiscal year.

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About Eli Lilly And Co

Eli Lilly and Company discovers, develops, manufactures, and markets pharmaceutical products worldwide. The company operates through two segments, Human Pharmaceutical Products and Animal Health Products. It offers endocrinology products for the treatment of diabetes; osteoporosis in postmenopausal women and men; and human growth hormone deficiency and pediatric growth conditions.

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Institutional Ownership by Quarter for Eli Lilly And Co (NYSE:LLY)

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