Lilly Arthritis Drug Delayed by FDA (LLY, INCY)

Company insiders own 0.20% of the company's stock.

11/23/2016 - Eli Lilly and Company had its "overweight" rating reiterated by analysts at JP Morgan.

The price/earnings ratio (P/E) is 33.66 and the forward P/E ratio stands at 18.91. If you are reading this story on another domain, it was illegally copied and reposted in violation of United States & global trademark & copyright laws. The analysts estimated sales for the higher end at 5413.76 million and lower end at 5039.89 million while the year ago reported sale was 5280 million.

A number of other hedge funds have also recently made changes to their positions in the company. (CLCD) for $46.50 per share or about $960 million.CoLucid Pharmaceuticals is a public biopharmaceutical company developing an oral 5-HT1F agonist (lasmiditan) for the acute treatment of migraine.

Eli Lilly says it will spend almost $1 billion to buy out CoLucid Pharmaceuticals and get its hands on its late-stage acute migraine candidate, and is a case of coming home given that Lilly out licensed the med to the company back in 2005.

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While looking at the Stock's Performance, Eli Lilly and Company now shows a Weekly Performance of 2.29%, where Monthly Performance is 12.76%, Quarterly performance is -2.62%, 6 Months performance is -2.26% and yearly performance percentage is -3.71%. $172,107 worth of Eli Lilly and Co (NYSE:LLY) was sold by Barnes Melissa S on Friday, December 16. Finally, Goldman Sachs Group, Inc. Now the stock is holding a "Buy" rating from 8 equity analysts. The stock of Eli Lilly and Co (NYSE:LLY) earned "Buy" rating by Jefferies on Thursday, July 14. The company presently has a consensus rating of "Buy" and an average price target of $86.79. Company has a market cap of $85,446 M.

Eli Lilly and Company has a 50 day moving average of 72.28 and a 200 day moving average of 77.17. Ronna Sue Cohen boosted its stake in shares of Eli Lilly and Company by 0.3% in the third quarter. The company finished it is trading at $2.06. Eli Lilly and Company has been the topic of 43 analyst reports since July 23, 2015 according to StockzIntelligence Inc. PineBridge Investments L.P. boosted its stake in Eli Lilly and Company by 208.6% in the second quarter. The stock exchanged hands at a volume of 4.91M shares whereas, the average volume was 6.15M shares. Baystate Wealth Management added LLY to its portfolio by purchasing 1,738 company shares during the most recent quarter which is valued at $131,375. Parkwood LLC increased its stake in Eli Lilly and by 40.5% in the second quarter. Company insiders own 0.20% of the company's stock. After the day trading kicked off at $77.06, the stock was seen approaching $75.87 as its bottom price and $77.06 as its intraday high price. The investment firm sold 2,860 shares of LLY which is valued $218,132. Company insiders own 0.20% of the company's stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. The dividend will be payable on February 15, 2017 to shareholders of record on January 30, 2017. It has a dividend yield of 2.68%.

"We are proud of the work that CoLucid has done to develop lasmiditan, and we believe Lilly's expertise in pain and commitment to innovation are a natural fit to potentially bring this medicine to patients".

  • Delia Davidson