Eli Lilly And Co (NYSE:LLY) Stock Position Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its stake in shares of Eli Lilly And Co (NYSE:LLY) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,517 shares of the company’s stock after acquiring an additional 275 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Eli Lilly And Co were worth $9,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LLY. Enterprise Trust & Investment Co bought a new stake in shares of Eli Lilly And Co during the 3rd quarter worth $27,000. Prestige Wealth Management Group LLC bought a new stake in shares of Eli Lilly And Co during the 2nd quarter worth $34,000. Manchester Financial Inc. bought a new stake in shares of Eli Lilly And Co during the 2nd quarter worth $40,000. Litman Gregory Asset Management LLC bought a new stake in shares of Eli Lilly And Co during the 2nd quarter worth $47,000. Finally, Personal Wealth Partners bought a new stake in shares of Eli Lilly And Co during the 2nd quarter worth $53,000. 76.79% of the stock is owned by institutional investors and hedge funds.

Shares of Eli Lilly And Co stock opened at $108.64 on Friday. The stock has a market cap of $104.71 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.85 and a beta of 0.16. The business has a fifty day simple moving average of $111.18 and a 200-day simple moving average of $114.02. The company has a quick ratio of 0.87, a current ratio of 1.13 and a debt-to-equity ratio of 4.98. Eli Lilly And Co has a 12 month low of $104.17 and a 12 month high of $132.13.

Eli Lilly And Co (NYSE:LLY) last issued its earnings results on Tuesday, July 30th. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. Eli Lilly And Co had a return on equity of 70.86% and a net margin of 33.76%. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the firm posted $1.48 earnings per share. Eli Lilly And Co’s revenue was up .9% compared to the same quarter last year. Analysts expect that Eli Lilly And Co will post 5.73 EPS for the current fiscal year.

In related news, SVP Alfonso G. Zulueta sold 4,500 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.00, for a total transaction of $526,500.00. Following the completion of the sale, the senior vice president now directly owns 33,806 shares in the company, valued at $3,955,302. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Alfonso G. Zulueta sold 19,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $112.91, for a total value of $2,201,745.00. Following the sale, the senior vice president now owns 38,306 shares of the company’s stock, valued at $4,325,130.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,452 shares of company stock valued at $28,252,925. 0.11% of the stock is owned by corporate insiders.

LLY has been the subject of several recent analyst reports. UBS Group decreased their target price on Eli Lilly And Co from $134.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday. ValuEngine cut Eli Lilly And Co from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Finally, Bank of America initiated coverage on Eli Lilly And Co in a research report on Wednesday. They issued a “buy” rating and a $133.00 target price for the company. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Eli Lilly And Co has an average rating of “Buy” and a consensus target price of $127.69.

Eli Lilly And Co Profile

Eli Lilly and Company discovers, develops, manufactures, and markets pharmaceutical products worldwide. The company operates in 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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