Beutel Goodman Co Ltd. Exits Position in Eli Lilly and Co (LLY)

Eli Lilly and Co (LLY) : Beutel Goodman Co Ltd. has sold out all of its stake in Eli Lilly and Co during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 1,723,716 shares of Eli Lilly and Co which is valued at $141,017,206.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in LLY in the latest quarter, The investment management firm added 20,976 additional shares and now holds a total of 356,072 shares of Eli Lilly and Co which is valued at $29,130,250. Eli Lilly and Co makes up approx 0.38% of Nisa Investment Advisors’s portfolio.Centre Asset Management reduced its stake in LLY by selling 3,440 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 99,150 shares of LLY which is valued at $8,235,399. Eli Lilly and Co makes up approx 1.50% of Centre Asset Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in LLY by selling 3,413 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 248,028 shares of LLY which is valued at $20,360,619. Eli Lilly and Co makes up approx 0.43% of Exxonmobil Investment Management Inc Tx’s portfolio.Acropolis Investment Management reduced its stake in LLY by selling 295 shares or 11.65% in the most recent quarter. The Hedge Fund company now holds 2,237 shares of LLY which is valued at $182,875. Eli Lilly and Co makes up approx 0.03% of Acropolis Investment Management’s portfolio.

Eli Lilly and Co closed down -1.25 points or -1.50% at $81.81 with 42,18,223 shares getting traded on Tuesday. Post opening the session at $82.6, the shares hit an intraday low of $81.25 and an intraday high of $82.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Eli Lilly and Co reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.85. The company had revenue of $5404.80 million for the quarter, compared to analysts expectations of $5157.09 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

Many Wall Street Analysts have commented on Eli Lilly and Co. Eli Lilly and Co was Upgraded by Goldman to ” Buy” on Sep 27, 2016. Eli Lilly and Co was Upgraded by JP Morgan to ” Overweight” on Sep 8, 2016.

Eli Lilly and Company (Lilly) is engaged in drug manufacturing business. The Company discovers develops manufactures and market products in two segments: human pharmaceutical products and animal health products. The Company’s products are sold in approximately 120 countries. The Company’s human pharmaceutical business segment sells medicines which are discovered or developed by its scientists. Its animal health business segment operates through the Company’s Elanco division which develops manufactures and markets products for both food animals and companion animals. The Company manufactures and distributes its products through facilities in the United States Puerto Rico and 11 other countries. Its products include endocrinology products neuroscience products oncology products cardiovascular products products for food animals products for companion animals and Novartis AH products.

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