Mascoma Wealth Management LLC Purchases 855 Shares of Eli Lilly and Company $LLY

Mascoma Wealth Management LLC raised its position in Eli Lilly and Company (NYSE:LLYFree Report) by 119.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,569 shares of the company’s stock after purchasing an additional 855 shares during the period. Mascoma Wealth Management LLC’s holdings in Eli Lilly and Company were worth $1,197,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Eli Lilly and Company by 22.0% during the fourth quarter. Brighton Jones LLC now owns 9,597 shares of the company’s stock worth $7,409,000 after purchasing an additional 1,730 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Eli Lilly and Company by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,471 shares of the company’s stock worth $1,136,000 after buying an additional 40 shares during the period. Sovran Advisors LLC lifted its holdings in Eli Lilly and Company by 65.9% during the 2nd quarter. Sovran Advisors LLC now owns 1,671 shares of the company’s stock valued at $1,300,000 after buying an additional 664 shares in the last quarter. Swedbank AB boosted its position in Eli Lilly and Company by 5.3% in the 2nd quarter. Swedbank AB now owns 1,321,929 shares of the company’s stock valued at $1,030,483,000 after buying an additional 66,090 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its stake in Eli Lilly and Company by 1.8% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 301,388 shares of the company’s stock worth $234,941,000 after acquiring an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.

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Wall Street Analysts Forecast Growth

LLY has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Eli Lilly and Company from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. National Bankshares set a $1,286.00 target price on Eli Lilly and Company in a research report on Monday, December 1st. Daiwa America upgraded Eli Lilly and Company from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Scotiabank assumed coverage on Eli Lilly and Company in a research note on Thursday, November 13th. They set a “sector outperform” rating and a $1,165.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Eli Lilly and Company from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Tuesday, November 18th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,174.70.

Check Out Our Latest Analysis on Eli Lilly and Company

Eli Lilly and Company Stock Performance

Shares of Eli Lilly and Company stock opened at $1,038.26 on Friday. Eli Lilly and Company has a one year low of $623.78 and a one year high of $1,133.95. The company has a 50-day simple moving average of $1,051.34 and a two-hundred day simple moving average of $870.18. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.24 and a current ratio of 1.55. The company has a market capitalization of $981.56 billion, a PE ratio of 50.80, a P/E/G ratio of 0.75 and a beta of 0.35.

Eli Lilly and Company (NYSE:LLYGet Free Report) last announced its earnings results on Thursday, October 30th. The company reported $7.02 earnings per share for the quarter, topping the consensus estimate of $6.42 by $0.60. Eli Lilly and Company had a return on equity of 109.52% and a net margin of 30.99%.The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $16.09 billion. During the same period in the previous year, the business earned $1.18 EPS. The firm’s revenue for the quarter was up 53.9% on a year-over-year basis. Eli Lilly and Company has set its FY 2025 guidance at 23.000-23.700 EPS. Research analysts expect that Eli Lilly and Company will post 23.48 EPS for the current fiscal year.

Eli Lilly and Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be given a $1.73 dividend. This represents a $6.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 13th. This is a positive change from Eli Lilly and Company’s previous quarterly dividend of $1.50. Eli Lilly and Company’s payout ratio is currently 33.86%.

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.

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

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