Elkfork Partners LLC Invests $3.58 Million in Eli Lilly and Co (LLY)

Elkfork Partners LLC bought a new position in shares of Eli Lilly and Co (NYSE:LLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,336 shares of the company’s stock, valued at approximately $3,576,000.

Other large investors also recently modified their holdings of the company. Gradient Investments LLC bought a new position in shares of Eli Lilly and during the fourth quarter worth $103,000. Avestar Capital LLC bought a new position in shares of Eli Lilly and during the fourth quarter worth $100,000. MPS Loria Financial Planners LLC bought a new position in shares of Eli Lilly and during the second quarter worth $128,000. Willingdon Wealth Management bought a new position in shares of Eli Lilly and during the third quarter worth $138,000. Finally, Front Row Advisors LLC bought a new position in shares of Eli Lilly and during the fourth quarter worth $137,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

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In other news, SVP Jeffrey N. Simmons sold 9,625 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.12, for a total value of $780,780.00. Following the sale, the senior vice president now owns 152,120 shares of the company’s stock, valued at $12,339,974.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Donald A. Zakrowski sold 860 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $76.50, for a total transaction of $65,790.00. The disclosure for this sale can be found here. In the last three months, insiders sold 15,261 shares of company stock worth $1,225,085. Insiders own 0.20% of the company’s stock.

LLY has been the subject of a number of research reports. BMO Capital Markets set a $73.00 target price on shares of Eli Lilly and and gave the stock a “sell” rating in a research report on Tuesday, December 5th. Credit Suisse Group restated a “hold” rating on shares of Eli Lilly and in a research report on Wednesday, December 13th. Argus upgraded shares of Eli Lilly and from a “hold” rating to a “buy” rating and upped their target price for the stock from $85.52 to $115.00 in a research report on Friday, January 5th. Goldman Sachs lowered shares of Eli Lilly and from a “buy” rating to a “neutral” rating and increased their price objective for the company from $86.98 to $95.00 in a research report on Tuesday, January 16th. Finally, Jefferies Group set a $100.00 price objective on shares of Eli Lilly and and gave the company a “buy” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $93.37.

Shares of Eli Lilly and stock opened at $74.76 on Friday. Eli Lilly and Co has a 12 month low of $73.69 and a 12 month high of $89.09. The firm has a market cap of $83,846.11, a price-to-earnings ratio of -373.78, a PEG ratio of 1.39 and a beta of 0.28. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 0.85.

Eli Lilly and (NYSE:LLY) last announced its earnings results on Wednesday, January 31st. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.06. Eli Lilly and had a negative net margin of 0.89% and a positive return on equity of 33.01%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. sell-side analysts expect that Eli Lilly and Co will post 4.87 EPS for the current year.

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

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