Integrated Wealth Concepts LLC boosted its stake in shares of Eli Lilly and Company (NYSE:LLY – Free Report) by 30.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 51,116 shares of the company’s stock after acquiring an additional 11,948 shares during the period. Integrated Wealth Concepts LLC’s holdings in Eli Lilly and Company were worth $61,310,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Community Bank N.A. boosted its stake in shares of Eli Lilly and Company by 4.7% in the 2nd quarter. Community Bank N.A. now owns 4,314 shares of the company’s stock valued at $5,174,000 after buying an additional 195 shares during the period. RFG Advisory LLC increased its stake in shares of Eli Lilly and Company by 19.2% during the second quarter. RFG Advisory LLC now owns 10,775 shares of the company’s stock worth $12,924,000 after buying an additional 1,739 shares during the period. NewEdge Advisors LLC raised its holdings in Eli Lilly and Company by 5.8% in the second quarter. NewEdge Advisors LLC now owns 194,721 shares of the company’s stock valued at $233,555,000 after acquiring an additional 10,626 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in Eli Lilly and Company in the second quarter valued at approximately $5,794,000. Finally, Ehrenkranz Partners L.P. lifted its stake in Eli Lilly and Company by 9.8% in the second quarter. Ehrenkranz Partners L.P. now owns 738 shares of the company’s stock worth $885,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.
Eli Lilly and Company Stock Down 0.1%
LLY opened at $1,122.74 on Friday. Eli Lilly and Company has a one year low of $712.05 and a one year high of $1,292.65. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.00 and a current ratio of 1.35. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 1.39 and a beta of 0.50. The business’s 50-day simple moving average is $1,185.52 and its 200-day simple moving average is $1,072.89.
Eli Lilly and Company Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were issued a $1.73 dividend. This represents a $6.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 14th. Eli Lilly and Company’s dividend payout ratio is presently 23.22%.
Eli Lilly and Company News Summary
Here are the key news stories impacting Eli Lilly and Company this week:
- Positive Sentiment: Lilly’s GLP-1 franchise is described as growing at nearly 50% annually, supporting the company’s recent rise above a $1 trillion market capitalization. Analysts and commentators continue to see attractive medium-term prospects from strong demand for obesity and diabetes treatments. Eli Lilly Stock Has Become a Trillion-Dollar Giant
- Positive Sentiment: Coverage highlights Lilly’s broadening pipeline, with profits from incretin drugs helping fund development of the next generation of medicines. The company is also expected to use GLP-1 proceeds to expand into women’s health, potentially creating additional long-term growth avenues. Eli Lilly’s pipeline in 2026
- Positive Sentiment: Reports that Lilly rationed some launches because demand exceeded supply underscore the commercial strength of its products, although they also highlight the importance of expanding manufacturing capacity. What Eli Lilly Was Telling You While It Rationed Its Own Launches
- Neutral Sentiment: Articles comparing Lilly with Nvidia and projecting the value of long-term investments remain favorable toward Lilly’s growth story, but they are opinion pieces and do not introduce a new near-term earnings catalyst. Got $10,000? Eli Lilly vs. Nvidia
- Negative Sentiment: Investors are increasingly focused on whether Lilly’s valuation already reflects much of its GLP-1 success. The recent pullback and concerns about competition, supply, pipeline execution and the difficulty of sustaining rapid growth may be limiting upside and weighing on the stock. Eli Lilly Stock Has Become a Trillion-Dollar Giant
Insider Transactions at Eli Lilly and Company
In related news, EVP Patrik Jonsson sold 6,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,175.10, for a total transaction of $7,638,150.00. Following the transaction, the executive vice president owned 54,147 shares of the company’s stock, valued at $63,628,139.70. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Anat Hakim sold 5,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $1,190.00, for a total value of $5,950,000.00. Following the completion of the transaction, the executive vice president owned 11,875 shares in the company, valued at $14,131,250. This trade represents a 29.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 13,500 shares of company stock worth $15,958,170. Company insiders own 0.14% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of Eli Lilly and Company from $1,251.00 to $1,334.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their price target on Eli Lilly and Company from $1,280.00 to $1,330.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. HSBC upped their price objective on Eli Lilly and Company from $850.00 to $940.00 and gave the stock a “reduce” rating in a research report on Thursday. Berenberg Bank raised their target price on Eli Lilly and Company from $1,050.00 to $1,135.00 and gave the stock a “hold” rating in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada boosted their target price on Eli Lilly and Company from $1,250.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,295.39.
Read Our Latest Research Report on LLY
Eli Lilly and Company Company Profile
Eli Lilly and Company is a global pharmaceutical company that discovers, develops, manufactures and markets medicines for a range of medical conditions. Its portfolio includes treatments for diabetes and obesity, oncology, immunology, neuroscience, cardiovascular disease and other areas of significant unmet medical need.
The company’s products include Mounjaro and Trulicity for diabetes, Zepbound for chronic weight management, and insulin products such as Humalog. Lilly also markets Verzenio for certain breast cancers and Kisunla for the treatment of early symptomatic Alzheimer’s disease.
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