Cullinan Associates Inc. Has $6.52 Million Holdings in Eli Lilly and Company $LLY

Key Points

• Cullinan Associates Inc. reduced its stake in Eli Lilly and Company by 10.7%, holding 8,370 shares valued at approximately $6.52 million, as per their latest SEC filing.
• Analysts have recently downgraded the stock rating for Eli Lilly, with Daiwa America lowering its recommendation from "strong-buy" to "hold" and setting a price objective of $700.00.
• Eli Lilly reported strong quarterly earnings, with an EPS of $6.31 exceeding estimates by $0.72 and a year-over-year revenue increase of 37.6% to $15.56 billion.

Cullinan Associates Inc. cut its position in shares of Eli Lilly and Company (NYSE:LLY - Free Report) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,370 shares of the company's stock after selling 1,000 shares during the period. Cullinan Associates Inc.'s holdings in Eli Lilly and Company were worth $6,524,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Eli Lilly and Company by 22.0% during the 4th quarter. Brighton Jones LLC now owns 9,597 shares of the company's stock valued at $7,409,000 after purchasing an additional 1,730 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Eli Lilly and Company by 2.8% during the fourth 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 last quarter. Perkins Coie Trust Co raised its holdings in Eli Lilly and Company by 8.6% during the first quarter. Perkins Coie Trust Co now owns 6,571 shares of the company's stock valued at $5,427,000 after buying an additional 521 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Eli Lilly and Company by 13.4% in the first quarter. Sivia Capital Partners LLC now owns 2,092 shares of the company's stock worth $1,728,000 after buying an additional 248 shares during the last quarter. Finally, TB Alternative Assets Ltd. bought a new stake in shares of Eli Lilly and Company during the 1st quarter worth about $487,000. Institutional investors own 82.53% of the company's stock.

Wall Street Analyst Weigh In

LLY has been the topic of a number of recent analyst reports. Daiwa America downgraded Eli Lilly and Company from a "strong-buy" rating to a "hold" rating in a research note on Sunday, August 17th. Guggenheim lowered their price target on Eli Lilly and Company from $942.00 to $875.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Daiwa Capital Markets cut shares of Eli Lilly and Company from an "outperform" rating to a "neutral" rating and set a $700.00 price objective for the company. in a research note on Sunday, August 17th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Eli Lilly and Company in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of Eli Lilly and Company from $1,100.00 to $1,050.00 and set an "overweight" rating for the company in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $938.94.

Eli Lilly and Company Price Performance

Shares of Eli Lilly and Company stock opened at $840.46 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.28 and a quick ratio of 1.00. The company has a market cap of $795.46 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 1.17 and a beta of 0.47. The firm has a fifty day moving average price of $734.60 and a two-hundred day moving average price of $765.44. Eli Lilly and Company has a fifty-two week low of $623.78 and a fifty-two week high of $937.00.

Eli Lilly and Company (NYSE:LLY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $6.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.59 by $0.72. The business had revenue of $15.56 billion for the quarter, compared to analysts' expectations of $14.40 billion. Eli Lilly and Company had a return on equity of 92.72% and a net margin of 25.91%.Eli Lilly and Company's quarterly revenue was up 37.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.92 earnings per share. Eli Lilly and Company has set its FY 2025 guidance at 21.750-23.000 EPS. Analysts expect that Eli Lilly and Company will post 23.48 EPS for the current year.

Insider Buying and Selling at Eli Lilly and Company

In related news, Director Jamere Jackson purchased 200 shares of the stock in a transaction on Friday, August 8th. The shares were purchased at an average cost of $639.56 per share, for a total transaction of $127,912.00. Following the completion of the transaction, the director directly owned 9,402 shares of the company's stock, valued at approximately $6,013,143.12. The trade was a 2.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Erik Fyrwald acquired 1,565 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $642.33 per share, with a total value of $1,005,246.45. Following the completion of the acquisition, the director owned 74,578 shares of the company's stock, valued at approximately $47,903,686.74. This trade represents a 2.14% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 4,514 shares of company stock worth $2,894,841 over the last three months. 0.13% of the stock is currently owned by insiders.

About Eli Lilly and Company

Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. The company offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity.

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