Hartford Investment Management Co. lowered its holdings in Estee Lauder Companies Inc (NYSE:EL) by 9.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,991 shares of the company’s stock after selling 2,484 shares during the quarter. Hartford Investment Management Co.’s holdings in Estee Lauder Companies were worth $3,972,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of EL. Oregon Public Employees Retirement Fund grew its stake in Estee Lauder Companies by 6,015.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Estee Lauder Companies by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock worth $1,022,019,000 after buying an additional 3,716,962 shares during the last quarter. Norges Bank purchased a new stake in Estee Lauder Companies during the 4th quarter worth about $233,786,000. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in Estee Lauder Companies by 673,732.9% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,125,301 shares of the company’s stock worth $146,401,000 after buying an additional 1,125,134 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Estee Lauder Companies by 445.1% during the 4th quarter. Millennium Management LLC now owns 809,688 shares of the company’s stock worth $105,340,000 after buying an additional 661,151 shares during the last quarter. Institutional investors own 53.06% of the company’s stock.
NYSE:EL traded down $0.57 during trading hours on Wednesday, reaching $167.57. 945,913 shares of the company traded hands, compared to its average volume of 1,869,330. The stock has a market cap of $60.66 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $180.20.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. Estee Lauder Companies’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Estee Lauder Companies Inc will post 5.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.
A number of analysts have issued reports on EL shares. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a report on Thursday, January 24th. ValuEngine raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $153.00 target price on shares of Estee Lauder Companies in a report on Wednesday, January 30th. Deutsche Bank boosted their target price on Estee Lauder Companies to $167.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Finally, Citigroup upped their price objective on Estee Lauder Companies from $179.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $170.78.
In other Estee Lauder Companies news, major shareholder Lal Family Partners Lp sold 235,000 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $157.87, for a total transaction of $37,099,450.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $166.21, for a total value of $465,388,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,355,144 shares of company stock worth $555,645,054. Corporate insiders own 16.13% of the company’s stock.
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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