Eli Lilly and Company (LLY) Stock Could Soon Reward Patient Investors

Eli Lilly and Company (NYSE: LLY) is -1.98% lower on its value in year-to-date trading and has touched a low of $117.06 and a high of $173.90 in the current 52-week trading range. The LLY stock was last observed hovering at around $168.84 in the last trading session, with the day’s loss setting it -3.34% off its average median price target of $186.00 for the next 12 months. It is also 20.81% off the consensus price target high of $209.00 offered by 18 analysts, but current levels are -11.07% lower than the price target low of $149.00 for the same period.

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Currently trading at $165.50, the stock is 1.96% and 10.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing -1.98% at the moment leaves the stock 9.25% off its SMA200. LLY registered 25.60% gain for a year compared to 6-month loss of -0.83%. The firm has a 50-day simple moving average (SMA 50) of $155.44 and a 200-day simple moving average (SMA200) of $152.64.

The stock witnessed a 14.01% gain in the last 1 month and extending the period to 3 months gives it a 13.97%, and is -0.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.84% over the week and 2.32% over the month.

Eli Lilly and Company (LLY) has around 33625 employees, a market worth around $156.60B and $23.21B in sales. Current P/E ratio is 27.10 and Fwd P/E is 20.33. Profit margin for the company is 24.00%. Distance from 52-week low is 41.38% and -4.83% from its 52-week high. The company has generated returns on investments over the last 12 months (24.60%).

Eli Lilly and Company (LLY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Eli Lilly and Company (LLY) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.20, where 7 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Eli Lilly and Company is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $2.35 with sales reaching $7.28B over the same period.The EPS is expected to grow by 54.10% this year, but quarterly earnings will post 9.30% year-over-year. Quarterly sales are estimated to grow 19.10% in year-over-year returns.

Eli Lilly and Company (LLY) Top Institutional Holders

2,303 institutions hold shares in Eli Lilly and Company (LLY), with 1.45M shares held by insiders accounting for 0.16% while institutional investors hold 79.29% of the company’s shares. The shares outstanding are 907.20M, and float is at 743.84M with Short Float at 0.93%. Institutions hold 79.16% of the Float.

The top institutional shareholder in the company is Lilly Endowment, Inc with over 111.13 million shares valued at $16.45 billion. The investor’s holdings represent 11.62% of the LLY Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 69.17 million shares valued at $10.24 billion to account for 7.23% of the shares outstanding. The other top investors are Blackrock Inc. which holds 60.47 million shares representing 6.32% and valued at over $8.95 billion, while Primecap Management Company holds 3.97% of the shares totaling 37.98 million with a market value of $5.62 billion.

Eli Lilly and Company (LLY) Insider Activity

The most recent transaction is an insider sale by Barnes Melissa S, the company’s Chief Eth/Cmpl Ofcr & SVP, ERM. SEC filings show that Barnes Melissa S sold 5,000 shares of the company’s common stock on Sep 08 at a price of $151.01 per share for a total of $0.76 million. Following the sale, the insider now owns 23580.0 shares.

Eli Lilly and Company disclosed in a document filed with the SEC on Aug 17 that Fry Stephen F (SVP, HR & Diversity) sold a total of 7,204 shares of the company’s common stock. The trade occurred on Aug 17 and was made at $150.64 per share for $1.09 million. Following the transaction, the insider now directly holds 0.1 million shares of the LLY stock.

Still, SEC filings show that on Jul 09, LILLY ENDOWMENT INC (10% Owner) disposed off 12,961 shares at an average price of $169.69 for $2.2 million. The insider now directly holds 111,132,343 shares of Eli Lilly and Company (LLY).

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Eli Lilly and Company (LLY): Who are the competitors?

The company’s main competitors (and peers) include Johnson & Johnson (JNJ) that is trading 8.47% up over the past 12 months. AbbVie Inc. (ABBV) is 18.84% up on the 1-year trading charts. Short interest in the company’s stock has risen 22.64% from the last report on Nov 12, 2020 to stand at a total of 5.33 million short shares sold with a short interest ratio of 1.61.

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