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Nicolet Advisory boosted its Eli Lilly stake by 16%, but the company missed earnings expectations.
Nicolet Advisory Services LLC increased its stake in Eli Lilly and Company by 16%, holding 3,814 shares worth $3.15 million.
Despite recent institutional buying, Eli Lilly missed earnings expectations, reporting $3.34 EPS compared to the $4.64 consensus.
The stock has a dividend of $1.50 per share, payable on September 10, and analysts predict a "Moderate Buy" rating with a target price of $1,012.56.
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Nicolet Advisory incrementó su participación en Eli Lilly en un 16%, pero la compañía no cumplió con las expectativas de ganancias.