Eli Lilly and Co (LLY) Shares Bought by Conning Inc.

Conning Inc. raised its stake in Eli Lilly and Co (NYSE:LLY) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,292 shares of the company’s stock after purchasing an additional 2,040 shares during the period. Conning Inc.’s holdings in Eli Lilly and were worth $2,136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Airain ltd acquired a new position in shares of Eli Lilly and in the 2nd quarter valued at about $567,000. Buckingham Asset Management LLC boosted its holdings in shares of Eli Lilly and by 21.3% in the 2nd quarter. Buckingham Asset Management LLC now owns 3,232 shares of the company’s stock valued at $266,000 after buying an additional 568 shares during the period. BSW Wealth Partners boosted its holdings in shares of Eli Lilly and by 0.6% in the 2nd quarter. BSW Wealth Partners now owns 4,774 shares of the company’s stock valued at $393,000 after buying an additional 27 shares during the period. Mirador Capital Partners LP boosted its holdings in shares of Eli Lilly and by 5.3% in the 2nd quarter. Mirador Capital Partners LP now owns 12,280 shares of the company’s stock valued at $1,011,000 after buying an additional 619 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Eli Lilly and by 166.7% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 430,424 shares of the company’s stock valued at $36,818,000 after buying an additional 269,038 shares during the period. 76.53% of the stock is owned by institutional investors.

Eli Lilly and Co (LLY) opened at $86.09 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.38. The stock has a market cap of $96,455.93, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.35. Eli Lilly and Co has a one year low of $74.00 and a one year high of $89.09.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Eli Lilly and’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, February 14th. Eli Lilly and’s payout ratio is presently 98.58%.

Several research firms have recently commented on LLY. Credit Suisse Group lowered shares of Eli Lilly and from a “neutral” rating to an “underperform” rating and set a $82.00 price target for the company. in a report on Monday, January 22nd. Jefferies Group set a $100.00 price target on shares of Eli Lilly and and gave the company a “buy” rating in a report on Tuesday, January 16th. Goldman Sachs Group lowered shares of Eli Lilly and from a “buy” rating to a “neutral” rating and lifted their price target for the company from $86.98 to $95.00 in a report on Tuesday, January 16th. Argus raised shares of Eli Lilly and from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.52 to $115.00 in a report on Friday, January 5th. Finally, BMO Capital Markets set a $73.00 price target on shares of Eli Lilly and and gave the company a “sell” rating in a report on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. Eli Lilly and has an average rating of “Hold” and a consensus target price of $92.41.

In other Eli Lilly and news, major shareholder Lilly Endowment Inc sold 200,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $88.20, for a total transaction of $17,640,000.00. Following the completion of the transaction, the insider now directly owns 123,084,104 shares of the company’s stock, valued at approximately $10,856,017,972.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey N. Simmons sold 12,500 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $86.46, for a total transaction of $1,080,750.00. Following the transaction, the senior vice president now directly owns 124,522 shares of the company’s stock, valued at $10,766,172.12. The disclosure for this sale can be found here. Insiders have sold a total of 251,088 shares of company stock valued at $22,041,236 over the last three months. 0.20% of the stock is currently owned by company insiders.

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Eli Lilly and Profile

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

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