Tredje AP fonden lessened its holdings in Estee Lauder Companies Inc (NYSE:EL) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,429 shares of the company’s stock after selling 4,545 shares during the period. Tredje AP fonden’s holdings in Estee Lauder Companies were worth $4,426,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in EL. ARP Americas LP acquired a new position in Estee Lauder Companies during the 4th quarter worth $227,000. Banque Cantonale Vaudoise bought a new position in shares of Estee Lauder Companies in the fourth quarter worth approximately $3,836,000. WBI Investments Inc. grew its holdings in shares of Estee Lauder Companies by 9.7% in the fourth quarter. WBI Investments Inc. now owns 34,686 shares of the company’s stock worth $7,164,000 after purchasing an additional 3,055 shares during the last quarter. Aviva PLC grew its holdings in shares of Estee Lauder Companies by 0.5% in the fourth quarter. Aviva PLC now owns 145,659 shares of the company’s stock worth $30,085,000 after purchasing an additional 691 shares during the last quarter. Finally, NewFocus Financial Group LLC grew its holdings in shares of Estee Lauder Companies by 54.6% in the fourth quarter. NewFocus Financial Group LLC now owns 2,536 shares of the company’s stock worth $524,000 after purchasing an additional 896 shares during the last quarter. 53.74% of the stock is owned by institutional investors and hedge funds.
Shares of EL traded down $7.28 during mid-day trading on Tuesday, hitting $191.50. 2,067,451 shares of the stock were exchanged, compared to its average volume of 1,968,125. The company has a market cap of $75.24 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Estee Lauder Companies Inc has a 52-week low of $152.99 and a 52-week high of $220.42. The firm has a 50-day moving average of $209.21 and a two-hundred day moving average of $198.34. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.27 and a current ratio of 1.69.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.21. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Estee Lauder Companies had a return on equity of 48.28% and a net margin of 11.76%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. On average, sell-side analysts predict that Estee Lauder Companies Inc will post 5.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 28th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 35.96%.
In other Estee Lauder Companies news, EVP Carl P. Haney sold 8,777 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $210.06, for a total value of $1,843,696.62. Following the completion of the sale, the executive vice president now directly owns 25,670 shares in the company, valued at $5,392,240.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 14.68% of the company’s stock.
Several research analysts have recently issued reports on EL shares. Deutsche Bank cut their target price on shares of Estee Lauder Companies from $227.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Bank of America restated a “buy” rating and issued a $235.00 target price on shares of Estee Lauder Companies in a report on Wednesday, February 12th. Evercore ISI started coverage on shares of Estee Lauder Companies in a report on Friday, February 7th. They issued a “buy” rating and a $245.00 target price on the stock. DA Davidson cut their target price on shares of Estee Lauder Companies from $201.00 to $195.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Finally, Oppenheimer cut shares of Estee Lauder Companies from an “outperform” rating to a “market perform” rating and set a $210.00 target price on the stock. in a report on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $210.05.
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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