Foundations Investment Advisors LLC Raises Stock Holdings in Eli Lilly and Company $LLY

Foundations Investment Advisors LLC increased its stake in shares of Eli Lilly and Company (NYSE:LLYFree Report) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 54,997 shares of the company’s stock after buying an additional 3,079 shares during the period. Foundations Investment Advisors LLC’s holdings in Eli Lilly and Company were worth $59,104,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Godfrey Financial Associates Inc. purchased a new stake in shares of Eli Lilly and Company during the 4th quarter worth $214,000. IFG Advisory LLC increased its position in Eli Lilly and Company by 9.1% during the 4th quarter. IFG Advisory LLC now owns 3,651 shares of the company’s stock valued at $3,923,000 after buying an additional 306 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in Eli Lilly and Company during the 4th quarter valued at about $12,723,000. IPG Investment Advisors LLC increased its position in Eli Lilly and Company by 232.5% during the 4th quarter. IPG Investment Advisors LLC now owns 1,586 shares of the company’s stock valued at $1,704,000 after buying an additional 1,109 shares in the last quarter. Finally, Connecticut Capital Management Group LLC acquired a new position in Eli Lilly and Company during the 4th quarter valued at about $1,111,000. 82.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LLY. Scotiabank reaffirmed an “outperform” rating and set a $1,300.00 target price on shares of Eli Lilly and Company in a research report on Thursday, February 5th. Leerink Partners set a $1,119.00 target price on Eli Lilly and Company in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on Eli Lilly and Company from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Berenberg Bank upped their target price on Eli Lilly and Company from $950.00 to $1,050.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Finally, Rothschild & Co Redburn upped their target price on Eli Lilly and Company from $880.00 to $900.00 in a research report on Thursday, May 7th. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,227.00.

Read Our Latest Research Report on Eli Lilly and Company

Key Eli Lilly and Company News

Here are the key news stories impacting Eli Lilly and Company this week:

Eli Lilly and Company Stock Up 1.9%

Eli Lilly and Company stock opened at $1,085.36 on Thursday. The firm has a market cap of $1.02 trillion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48. Eli Lilly and Company has a 52 week low of $623.78 and a 52 week high of $1,133.95. The business’s 50-day moving average price is $948.23 and its 200 day moving average price is $1,007.67. The company has a quick ratio of 1.10, a current ratio of 1.50 and a debt-to-equity ratio of 1.26.

Eli Lilly and Company (NYSE:LLYGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $8.55 EPS for the quarter, topping the consensus estimate of $6.97 by $1.58. The firm had revenue of $19.80 billion for the quarter, compared to analyst estimates of $17.82 billion. Eli Lilly and Company had a return on equity of 105.77% and a net margin of 34.98%.Eli Lilly and Company’s revenue for the quarter was up 55.5% compared to the same quarter last year. During the same period last year, the company earned $3.34 earnings per share. Eli Lilly and Company has set its FY 2026 guidance at 35.500-37.000 EPS. As a group, sell-side analysts anticipate that Eli Lilly and Company will post 35.82 earnings per share for the current year.

Eli Lilly and Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $1.73 per share. This represents a $6.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 15th. Eli Lilly and Company’s dividend payout ratio (DPR) is 24.58%.

About Eli Lilly and Company

(Free Report)

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.

See Also

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

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