
Resona Asset Management Co. Ltd. Sells 15,289 Shares of Eli Lilly and Company $LLY

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Resona Asset Management Co. Ltd. has reduced its stake in Eli Lilly and Company (NYSE: LLY) by 5.5%, selling 15,289 shares in the third quarter. The firm now holds 263,865 shares, valued at approximately $199.7 million, making it the 14th largest position in its portfolio. Eli Lilly's stock has seen a recent decline of 2.1%, with a current price of $1,065.05. The company reported strong earnings, beating estimates with $7.02 EPS and a revenue of $17.6 billion for the quarter, reflecting a 53.9% year-over-year increase. Additionally, Eli Lilly announced a quarterly dividend increase to $1.73 per share, payable on March 10th.
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