Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,356 shares of the company’s stock after selling 136 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Estée Lauder Companies were worth $11,238,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Dixon Hubard Feinour & Brown Inc. VA raised its holdings in Estée Lauder Companies by 2.3% in the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 32,617 shares of the company’s stock valued at $12,075,000 after acquiring an additional 730 shares during the period. Stock Yards Bank & Trust Co. raised its holdings in Estée Lauder Companies by 5.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 11,579 shares of the company’s stock valued at $4,287,000 after acquiring an additional 650 shares during the period. ProShare Advisors LLC raised its holdings in Estée Lauder Companies by 31.6% in the 4th quarter. ProShare Advisors LLC now owns 45,445 shares of the company’s stock valued at $16,824,000 after acquiring an additional 10,920 shares during the period. Park National Corp OH raised its holdings in Estée Lauder Companies by 14.6% in the 4th quarter. Park National Corp OH now owns 32,844 shares of the company’s stock valued at $12,159,000 after acquiring an additional 4,179 shares during the period. Finally, Point72 Europe London LLP bought a new position in Estée Lauder Companies in the 3rd quarter valued at about $2,173,000. 58.85% of the stock is currently owned by institutional investors.
In other Estée Lauder Companies news, Director Charlene Barshefsky sold 1,158 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $238.34, for a total value of $275,997.72. Following the transaction, the director now directly owns 46,828 shares in the company, valued at $11,160,985.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.95% of the stock is owned by insiders.
Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.23. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 7.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, May 27th. Estée Lauder Companies’s payout ratio is 26.26%.
Several research analysts have recently commented on EL shares. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $355.00 to $374.00 in a report on Friday, February 4th. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, February 4th. UBS Group lowered their target price on shares of Estée Lauder Companies from $352.00 to $326.00 and set a “neutral” rating on the stock in a report on Friday, February 4th. Royal Bank of Canada lowered their target price on shares of Estée Lauder Companies from $361.00 to $322.00 in a report on Wednesday, May 4th. Finally, Wells Fargo & Company lowered their target price on shares of Estée Lauder Companies from $310.00 to $290.00 in a report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $332.29.
About Estée Lauder Companies (Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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