Forsta AP Fonden lessened its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,390 shares of the company’s stock after selling 32,545 shares during the quarter. Forsta AP Fonden’s holdings in Estee Lauder Companies were worth $14,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of EL. Parkside Financial Bank & Trust boosted its stake in shares of Estee Lauder Companies by 126.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after acquiring an additional 633 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Estee Lauder Companies during the 4th quarter worth $126,000. Cerebellum GP LLC purchased a new position in shares of Estee Lauder Companies during the 4th quarter worth $130,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Estee Lauder Companies by 2,750.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Zions Bancorporation boosted its stake in shares of Estee Lauder Companies by 2,781.3% during the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock worth $198,000 after acquiring an additional 1,780 shares during the last quarter. Institutional investors and hedge funds own 54.03% of the company’s stock.
In other news, Director Richard D. Parsons sold 9,312 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $132.96, for a total value of $1,238,123.52. Following the sale, the director now directly owns 4,576 shares in the company, valued at approximately $608,424.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider 1992 Grat Remainder Trust Fbo sold 125,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $125.87, for a total transaction of $15,733,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,390,653 shares of company stock worth $175,112,676. 16.24% of the stock is currently owned by insiders.
Shares of Estee Lauder Companies Inc (NYSE:EL) opened at $137.50 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The stock has a market cap of $50,396.34, a price-to-earnings ratio of 47.74, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. Estee Lauder Companies Inc has a fifty-two week low of $81.69 and a fifty-two week high of $138.74.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. Estee Lauder Companies’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. equities research analysts predict that Estee Lauder Companies Inc will post 4.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.11%. Estee Lauder Companies’s dividend payout ratio is currently 52.78%.
EL has been the topic of a number of analyst reports. Jefferies Group set a $140.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada set a $115.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus lifted their target price on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Piper Jaffray Companies set a $135.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Argus lifted their target price on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $128.57.
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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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