FDx Advisors Inc. trimmed its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,513 shares of the company’s stock after selling 2,309 shares during the quarter. FDx Advisors Inc.’s holdings in Estee Lauder Companies were worth $2,356,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Estee Lauder Companies by 6.4% during the fourth quarter. BlackRock Inc. now owns 15,790,395 shares of the company’s stock worth $2,009,170,000 after acquiring an additional 944,997 shares during the last quarter. Jennison Associates LLC increased its position in shares of Estee Lauder Companies by 54.7% during the fourth quarter. Jennison Associates LLC now owns 9,533,553 shares of the company’s stock worth $1,213,049,000 after acquiring an additional 3,372,279 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Estee Lauder Companies by 7.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,627,132 shares of the company’s stock worth $334,276,000 after acquiring an additional 190,584 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Estee Lauder Companies by 31.9% during the fourth quarter. Acadian Asset Management LLC now owns 1,880,660 shares of the company’s stock worth $239,297,000 after acquiring an additional 454,532 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Estee Lauder Companies by 14.9% during the fourth quarter. Schroder Investment Management Group now owns 1,814,135 shares of the company’s stock worth $230,830,000 after acquiring an additional 234,949 shares during the last quarter. 53.84% of the stock is currently owned by institutional investors and hedge funds.
Estee Lauder Companies Inc (NYSE:EL) opened at $140.15 on Friday. The company has a market capitalization of $51,422.44, a P/E ratio of 48.66, a PEG ratio of 2.48 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 $142.21. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.08. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 earnings per share. sell-side analysts predict that Estee Lauder Companies Inc will post 4.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.08%. Estee Lauder Companies’s dividend payout ratio is presently 52.78%.
EL has been the topic of a number of analyst reports. Telsey Advisory Group lifted their target price on Estee Lauder Companies from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Piper Jaffray Companies set a $135.00 price objective on Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. DA Davidson reissued a “hold” rating and issued a $125.00 price objective on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on Estee Lauder Companies from $107.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, KeyCorp reissued an “overweight” rating and issued a $135.00 price objective (up from $115.00) on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $129.83.
In other news, CFO Tracey Thomas Travis sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total transaction of $685,100.00. Following the completion of the transaction, the chief financial officer now directly owns 24,467 shares in the company, valued at $3,352,468.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Carl P. Haney sold 6,525 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $137.52, for a total value of $897,318.00. Following the transaction, the executive vice president now owns 6,525 shares of the company’s stock, valued at $897,318. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 232,006 shares of company stock valued at $31,246,148. 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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