GLOBALT Investments LLC GA acquired a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,091 shares of the company’s stock, valued at approximately $1,037,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado raised its position in shares of Estée Lauder Companies by 3,477.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock valued at $82,804,000 after buying an additional 550,355 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Estée Lauder Companies by 517.6% in the fourth quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock valued at $6,820,000 after buying an additional 39,082 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $819,000. YCG LLC raised its position in shares of Estée Lauder Companies by 5.7% in the fourth quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after buying an additional 9,619 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Estée Lauder Companies by 37.1% in the third quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock valued at $205,776,000 after buying an additional 381,860 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Peter Jueptner sold 12,786 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the sale, the insider now owns 5,578 shares in the company, valued at approximately $728,598.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock worth $5,453,232 in the last 90 days. Corporate insiders own 12.77% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on EL shares. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group started coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 target price on the stock. Bernstein Bank lifted their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Finally, Morgan Stanley downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $164.00 to $140.00 in a research note on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $160.75.
Get Our Latest Stock Report on EL
Estée Lauder Companies Trading Down 0.2 %
Shares of EL stock opened at $113.90 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a market capitalization of $40.84 billion, a P/E ratio of 63.99, a price-to-earnings-growth ratio of 3.47 and a beta of 1.04. The company has a 50 day moving average price of $132.77 and a 200 day moving average price of $138.59. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $204.41.
Estée Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.
Estée Lauder Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, May 31st. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.
Estée Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
Featured Articles
Receive News & Ratings for Estée Lauder Companies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Estée Lauder Companies and related companies with MarketBeat.com’s FREE daily email newsletter.
