Sheets Smith Wealth Management Lowers Holdings in Estee Lauder Companies Inc (EL)

Sheets Smith Wealth Management decreased its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 19.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,567 shares of the company’s stock after selling 10,700 shares during the period. Estee Lauder Companies makes up about 1.3% of Sheets Smith Wealth Management’s portfolio, making the stock its 13th largest position. Sheets Smith Wealth Management’s holdings in Estee Lauder Companies were worth $5,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EL. Nisa Investment Advisors LLC grew its stake in shares of Estee Lauder Companies by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 79,952 shares of the company’s stock worth $10,169,000 after acquiring an additional 5,363 shares in the last quarter. LGT Capital Partners LTD. grew its stake in shares of Estee Lauder Companies by 1.2% in the 4th quarter. LGT Capital Partners LTD. now owns 246,914 shares of the company’s stock worth $31,417,000 after acquiring an additional 2,854 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Estee Lauder Companies in the 4th quarter worth $1,829,000. Parametric Portfolio Associates LLC grew its stake in shares of Estee Lauder Companies by 15.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 759,671 shares of the company’s stock worth $81,923,000 after acquiring an additional 101,375 shares in the last quarter. Finally, AXA grew its stake in shares of Estee Lauder Companies by 4.8% in the 3rd quarter. AXA now owns 153,992 shares of the company’s stock worth $16,606,000 after acquiring an additional 7,025 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Estee Lauder Companies Inc (NYSE EL) traded down $0.56 on Friday, reaching $128.53. 1,465,988 shares of the company traded hands, compared to its average volume of 1,490,956. The company has a market capitalization of $47,330.00, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.50 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. Estee Lauder Companies Inc has a one year low of $78.36 and a one year high of $132.49.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. equities analysts predict that Estee Lauder Companies Inc will post 4.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, November 29th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 41.08%.

Several analysts have recently issued reports on EL shares. Deutsche Bank started coverage on shares of Estee Lauder Companies in a research note on Wednesday, December 13th. They issued a “hold” rating and a $134.00 target price for the company. Piper Jaffray Companies set a $135.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Macquarie upped their target price on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research note on Thursday, December 21st. Stifel Nicolaus upped their target price on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Morgan Stanley upped their target price on shares of Estee Lauder Companies from $122.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $117.33.

In other Estee Lauder Companies news, VP Sara E. Moss sold 29,873 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $121.16, for a total transaction of $3,619,412.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Zannino sold 23,312 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.23, for a total transaction of $2,779,489.76. Following the transaction, the director now owns 14,000 shares of the company’s stock, valued at approximately $1,669,220. The disclosure for this sale can be found here. Insiders have sold 1,566,381 shares of company stock valued at $195,955,337 in the last quarter. Company insiders own 16.24% of the company’s stock.

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Estee Lauder Companies Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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