Kinneret Advisory LLC bought a new position in shares of Estee Lauder Companies Inc (NYSE:EL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,652 shares of the company’s stock, valued at approximately $345,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oregon Public Employees Retirement Fund grew its holdings in shares of Estee Lauder Companies by 6,015.8% during the fourth 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Estee Lauder Companies by 112.1% during the third quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock worth $1,022,019,000 after purchasing an additional 3,716,962 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in shares of Estee Lauder Companies by 673,732.9% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,125,301 shares of the company’s stock worth $146,401,000 after purchasing an additional 1,125,134 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Estee Lauder Companies by 242.1% during the third quarter. Renaissance Technologies LLC now owns 1,246,700 shares of the company’s stock worth $181,170,000 after purchasing an additional 882,300 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Estee Lauder Companies by 15.8% during the third quarter. Janus Henderson Group PLC now owns 5,143,117 shares of the company’s stock worth $747,400,000 after purchasing an additional 701,827 shares during the last quarter. 55.09% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies stock opened at $159.44 on Thursday. The company has a market cap of $57.50 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. Estee Lauder Companies Inc has a 52-week low of $121.47 and a 52-week high of $160.83. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.20. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Estee Lauder Companies had a return on equity of 40.38% and a net margin of 11.49%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. As a group, sell-side analysts forecast that Estee Lauder Companies Inc will post 5.03 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, February 27th. Estee Lauder Companies’s payout ratio is 38.14%.
In other news, Chairman William P. Lauder sold 12,418 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $156.45, for a total transaction of $1,942,796.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rose Marie Bravo sold 12,159 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $157.68, for a total value of $1,917,231.12. Following the transaction, the director now directly owns 11,813 shares in the company, valued at $1,862,673.84. The disclosure for this sale can be found here. Insiders have sold a total of 600,774 shares of company stock worth $91,688,069 over the last 90 days. Company insiders own 16.13% of the company’s stock.
Several research firms have recently weighed in on EL. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Friday, January 18th. ValuEngine cut Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Berenberg Bank cut Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Wednesday, February 6th. Wells Fargo & Co cut Estee Lauder Companies from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $165.00 to $135.00 in a report on Thursday, January 10th. They noted that the move was a valuation call. Finally, BMO Capital Markets upped their target price on Estee Lauder Companies from $140.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $155.73.
Estee Lauder Companies Company 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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