Pendal Group Ltd reduced its position in Estee Lauder Companies Inc (NYSE:EL) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 594,303 shares of the company’s stock after selling 413 shares during the quarter. Pendal Group Ltd owned about 0.16% of Estee Lauder Companies worth $67,347,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its position in shares of Estee Lauder Companies by 777,412.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 373,206 shares of the company’s stock worth $1,056,000 after acquiring an additional 373,158 shares in the last quarter. United Services Automobile Association raised its stake in shares of Estee Lauder Companies by 22.2% during the 2nd quarter. United Services Automobile Association now owns 139,211 shares of the company’s stock worth $19,864,000 after buying an additional 25,288 shares in the last quarter. Park National Corp OH raised its stake in shares of Estee Lauder Companies by 6.1% during the 3rd quarter. Park National Corp OH now owns 25,141 shares of the company’s stock worth $3,654,000 after buying an additional 1,439 shares in the last quarter. New England Research & Management Inc. raised its stake in shares of Estee Lauder Companies by 321.2% during the 3rd quarter. New England Research & Management Inc. now owns 6,950 shares of the company’s stock worth $1,010,000 after buying an additional 5,300 shares in the last quarter. Finally, First Financial Bank Trust Division raised its stake in shares of Estee Lauder Companies by 22.6% during the 3rd quarter. First Financial Bank Trust Division now owns 2,712 shares of the company’s stock worth $394,000 after buying an additional 500 shares in the last quarter. 52.63% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Gregory Polcer sold 46,233 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $152.31, for a total transaction of $7,041,748.23. Following the sale, the executive vice president now owns 101,830 shares of the company’s stock, valued at $15,509,727.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Fabrizio Freda sold 98,262 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $152.20, for a total value of $14,955,476.40. Following the sale, the chief executive officer now directly owns 171,436 shares in the company, valued at approximately $26,092,559.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 336,954 shares of company stock valued at $49,900,199. Insiders own 16.13% of the company’s stock.
Several equities analysts recently weighed in on EL shares. Credit Suisse Group raised their price objective on Estee Lauder Companies from $156.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Citigroup upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $155.00 in a report on Wednesday, January 2nd. Jefferies Financial Group set a $131.00 price objective on Estee Lauder Companies and gave the stock a “hold” rating in a report on Friday, December 14th. Piper Jaffray Companies restated a “buy” rating and set a $153.00 price objective on shares of Estee Lauder Companies in a report on Wednesday, January 30th. Finally, Zacks Investment Research restated a “buy” rating and set a $159.00 price objective on shares of Estee Lauder Companies in a report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of “Buy” and an average price target of $153.45.
NYSE:EL opened at $156.53 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 1.27. Estee Lauder Companies Inc has a one year low of $121.47 and a one year high of $158.80. The stock has a market capitalization of $56.58 billion, a P/E ratio of 34.71, a PEG ratio of 2.48 and a beta of 0.65.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 5th. The company reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a return on equity of 40.38% and a net margin of 11.49%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. Estee Lauder Companies’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Estee Lauder Companies Inc will post 5.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, February 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.10%. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.
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About Estee Lauder Companies
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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