Ehrenkranz Partners L.P. bought a new stake in shares of Eli Lilly and Company (NYSE:LLY – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm bought 701 shares of the company’s stock, valued at approximately $753,000. Eli Lilly and Company makes up about 0.9% of Ehrenkranz Partners L.P.’s holdings, making the stock its 24th biggest holding.
A number of other hedge funds have also added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its stake in Eli Lilly and Company by 271.5% during the 4th quarter. Engineers Gate Manager LP now owns 10,778 shares of the company’s stock valued at $11,583,000 after buying an additional 7,877 shares during the last quarter. Eversept Partners LP purchased a new stake in Eli Lilly and Company during the 4th quarter valued at $11,416,000. Cinctive Capital Management LP purchased a new stake in Eli Lilly and Company during the 4th quarter valued at $10,474,000. Claro Advisors Inc. raised its stake in Eli Lilly and Company by 1.9% during the 4th quarter. Claro Advisors Inc. now owns 3,135 shares of the company’s stock valued at $3,369,000 after buying an additional 57 shares during the last quarter. Finally, Clay Northam Wealth Management LLC purchased a new stake in Eli Lilly and Company during the 4th quarter valued at $277,000. 82.53% of the stock is currently owned by hedge funds and other institutional investors.
Eli Lilly and Company Trading Down 1.0%
NYSE:LLY opened at $1,111.43 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.50 and a quick ratio of 1.10. The firm has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 39.48, a price-to-earnings-growth ratio of 1.23 and a beta of 0.53. Eli Lilly and Company has a one year low of $623.78 and a one year high of $1,182.73. The business has a fifty day moving average price of $1,009.79 and a 200-day moving average price of $1,016.67.
Eli Lilly and Company Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.73 dividend. This represents a $6.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 15th. Eli Lilly and Company’s dividend payout ratio is 24.58%.
Trending Headlines about Eli Lilly and Company
Here are the key news stories impacting Eli Lilly and Company this week:
- Positive Sentiment: Eli Lilly expanded its neuroscience and pain pipeline by acquiring 4E Therapeutics, a move that could add a non-opioid chronic pain opportunity and diversify growth beyond obesity drugs. Lilly buys non-opioid pain drugmaker 4E
- Positive Sentiment: The company also continues to advance multiple clinical programs, including new studies in Alzheimer’s, neurology, psoriasis, and pain, reinforcing expectations that Lilly can keep building future revenue streams. Lilly Expands Donanemab Ambitions With New Lewy Body Dementia Trial
- Positive Sentiment: Separately, commentary from Jim Cramer urging investors to stay in the stock may have helped sentiment around Lilly’s long-term growth story. Jim Cramer on Eli Lilly: “I Want You to Stay in the Stock”
- Neutral Sentiment: Johnson & Johnson’s decision to stay out of obesity drugs is a reminder that Lilly’s blockbuster GLP-1 franchise remains a major competitive advantage, but it does not directly change Lilly’s near-term fundamentals. J&J Skips GLP-1 Race, Targets No. 1 Cancer Spot By 2030
- Negative Sentiment: The biggest drag is Lilly’s decision to cut its planned Germany investment in half, citing European drug-pricing reforms that could hurt future R&D and manufacturing economics. That raises concern about international margins and capital allocation. Eli Lilly (LLY) Halves $2.7 Billion Germany Investment Over Europe Drug Pricing
- Negative Sentiment: Broader reporting on big pharma pressure tactics in Europe keeps regulatory and pricing risk in focus for Lilly and other drugmakers, which may weigh on investor sentiment if pricing fights escalate. Big pharma taps UK playbook to pressure Europe on drug prices
Analyst Ratings Changes
A number of equities research analysts have weighed in on LLY shares. Cantor Fitzgerald boosted their target price on shares of Eli Lilly and Company from $1,205.00 to $1,230.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings lowered shares of Eli Lilly and Company from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 19th. Wolfe Research reiterated an “outperform” rating and set a $1,350.00 target price on shares of Eli Lilly and Company in a research note on Thursday, May 21st. HSBC lowered Eli Lilly and Company from a “hold” rating to a “reduce” rating and reduced their price objective for the stock from $1,070.00 to $850.00 in a research note on Tuesday, March 17th. Finally, Barclays upped their price objective on Eli Lilly and Company from $1,350.00 to $1,400.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Eli Lilly and Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,227.74.
View Our Latest Research Report on LLY
Eli Lilly and Company Company Profile
Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company founded in 1876 and headquartered in Indianapolis, Indiana. The company researches, develops, manufactures and commercializes a broad range of medicines and therapies for patients worldwide. Eli Lilly maintains operations and commercial presence across North America, Europe, Asia and other regions, serving both developed and emerging markets. The company has been led in recent years by President and Chief Executive Officer David A.
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