Cedarwood Wealth LLC Invests $811,000 in Eli Lilly and Company $LLY

Cedarwood Wealth LLC acquired a new stake in shares of Eli Lilly and Company (NYSE:LLYFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 763 shares of the company’s stock, valued at approximately $811,000. Eli Lilly and Company comprises approximately 0.9% of Cedarwood Wealth LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of LLY. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Eli Lilly and Company in the 4th quarter worth about $39,000. Mengis Capital Management Inc. raised its position in Eli Lilly and Company by 5.3% in the fourth quarter. Mengis Capital Management Inc. now owns 9,874 shares of the company’s stock valued at $10,612,000 after purchasing an additional 500 shares during the last quarter. Storen Legacy Partners LLC acquired a new stake in shares of Eli Lilly and Company during the fourth quarter valued at about $11,333,000. Worthington Financial Partners LLC bought a new stake in shares of Eli Lilly and Company during the fourth quarter worth about $843,000. Finally, Bayban bought a new stake in shares of Eli Lilly and Company during the fourth quarter worth about $170,000. Institutional investors own 82.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LLY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,285.00 target price on shares of Eli Lilly and Company in a report on Friday, March 6th. Truist Financial reaffirmed a “buy” rating on shares of Eli Lilly and Company in a research note on Monday, February 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $1,283.00 price target on shares of Eli Lilly and Company in a report on Friday, May 22nd. Bank of America boosted their price objective on shares of Eli Lilly and Company from $1,133.00 to $1,251.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Eli Lilly and Company in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Eli Lilly and Company presently has an average rating of “Moderate Buy” and an average target price of $1,227.74.

Read Our Latest Stock Analysis on LLY

More Eli Lilly and Company News

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Eli Lilly and Company Stock Performance

NYSE:LLY opened at $1,098.78 on Friday. The company has a fifty day moving average of $1,016.10 and a 200-day moving average of $1,017.41. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 39.03, a P/E/G ratio of 1.20 and a beta of 0.53. 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 has a twelve month low of $623.78 and a twelve month high of $1,182.73.

Eli Lilly and Company (NYSE:LLYGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $8.55 EPS for the quarter, beating analysts’ consensus estimates of $6.97 by $1.58. The business had revenue of $19.80 billion during 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%.The firm’s revenue was up 55.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.34 EPS. 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 35.8 EPS for the current year.

Eli Lilly and Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th 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 was Friday, May 15th. Eli Lilly and Company’s dividend payout ratio (DPR) is currently 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.

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

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