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Arlington Trust Co LLC Sells 2,113 Shares of Eli Lilly and Company $LLY
Arlington Trust Co LLC significantly reduced its stake in Eli Lilly and Company (LLY) by selling 2,113 shares, decreasing its position by 92.8% in the fourth quarter. Despite this, other institutional investors increased their holdings, and the company reported strong Q1 earnings, beating consensus estimates with revenue of $19.80 billion and an EPS of $8.55. Eli Lilly also raised its annual profit forecast, driven by the success of its GLP-1 drugs and a positive regulatory environment.