National Investment Services Inc. WI lowered its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,890 shares of the company’s stock after selling 1,111 shares during the quarter. Estee Lauder Companies comprises approximately 1.9% of National Investment Services Inc. WI’s investment portfolio, making the stock its 27th largest holding. National Investment Services Inc. WI’s holdings in Estee Lauder Companies were worth $2,022,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Moors & Cabot Inc. boosted its position in Estee Lauder Companies by 1.1% in the second quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock valued at $365,000 after buying an additional 40 shares during the last quarter. Glenview Trust Co boosted its position in Estee Lauder Companies by 1.5% in the second quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock valued at $263,000 after buying an additional 41 shares during the last quarter. Williams Jones & Associates LLC boosted its position in Estee Lauder Companies by 0.7% in the second quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock valued at $659,000 after buying an additional 45 shares during the last quarter. Wealthsource Partners LLC boosted its position in Estee Lauder Companies by 3.6% in the second quarter. Wealthsource Partners LLC now owns 3,092 shares of the company’s stock valued at $297,000 after buying an additional 108 shares during the last quarter. Finally, Comerica Securities Inc. boosted its position in Estee Lauder Companies by 1.9% in the second quarter. Comerica Securities Inc. now owns 9,895 shares of the company’s stock valued at $950,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.
In related news, Director Richard F. Zannino sold 23,312 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $119.23, for a total value of $2,779,489.76. Following the completion of the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $1,669,220. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Tracey Thomas Travis sold 5,469 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total value of $667,218.00. Following the completion of the transaction, the chief financial officer now directly owns 37,083 shares of the company’s stock, valued at $4,524,126. The disclosure for this sale can be found here. Insiders have sold a total of 1,566,381 shares of company stock worth $195,955,337 in the last quarter. Insiders own 16.24% of the company’s stock.
Shares of Estee Lauder Companies Inc (EL) traded down $1.38 during trading hours on Thursday, hitting $130.32. The stock had a trading volume of 1,599,100 shares, compared to its average volume of 1,528,929. Estee Lauder Companies Inc has a 52-week low of $76.34 and a 52-week high of $132.49. The stock has a market cap of $47,540.00, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.50 and a beta of 0.71. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue was up 14.3% on a year-over-year basis. analysts forecast that Estee Lauder Companies Inc will post 4.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.38 per share. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.17%. Estee Lauder Companies’s dividend payout ratio (DPR) is 41.08%.
EL has been the topic of a number of recent research reports. Deutsche Bank started coverage on Estee Lauder Companies in a research report on Wednesday, December 13th. They issued a “hold” rating and a $134.00 target price on the stock. Piper Jaffray Companies set a $135.00 price objective on Estee Lauder Companies and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Macquarie upped their price objective on Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. Stifel Nicolaus upped their price objective on Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley upped their price objective on Estee Lauder Companies from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $117.33.
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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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