Verition Fund Management LLC lifted its position in Est�e Lauder Companies (NYSE:EL) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,342 shares of the company’s stock after acquiring an additional 4,795 shares during the quarter. Verition Fund Management LLC’s holdings in Est�e Lauder Companies were worth $2,207,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Est�e Lauder Companies in the fourth quarter worth about $126,000. Cerebellum GP LLC purchased a new stake in shares of Est�e Lauder Companies in the fourth quarter worth about $130,000. Winslow Evans & Crocker Inc. raised its stake in Est�e Lauder Companies by 2,750.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after purchasing an additional 1,100 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Est�e Lauder Companies in the fourth quarter valued at approximately $186,000. Finally, CrestPoint Capital Management LLC purchased a new stake in Est�e Lauder Companies in the fourth quarter valued at approximately $204,000. Institutional investors own 54.13% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Est�e Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of Est�e Lauder Companies from $147.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday. Piper Jaffray set a $152.00 target price on shares of Est�e Lauder Companies and gave the stock a “buy” rating in a report on Tuesday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $145.00 price target (down previously from $155.00) on shares of Est�e Lauder Companies in a research note on Monday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $144.00 price target (up previously from $134.00) on shares of Est�e Lauder Companies in a research note on Monday, February 5th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $135.77.
NYSE EL traded down $1.23 during trading hours on Friday, reaching $150.25. The company’s stock had a trading volume of 1,722,835 shares, compared to its average volume of 1,607,357. The stock has a market cap of $55,710.71, a PE ratio of 43.30, a P/E/G ratio of 2.68 and a beta of 0.64. Est�e Lauder Companies has a 1 year low of $83.67 and a 1 year high of $153.14. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74.
Est�e Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.08. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Est�e Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. analysts forecast that Est�e Lauder Companies will post 4.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, February 27th. Est�e Lauder Companies’s dividend payout ratio is currently 43.80%.
In other Est�e Lauder Companies news, CFO Tracey Thomas Travis sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total value of $685,100.00. Following the transaction, the chief financial officer now owns 24,467 shares of the company’s stock, valued at approximately $3,352,468.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory Polcer sold 40,797 shares of the company’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $150.00, for a total value of $6,119,550.00. Following the completion of the transaction, the executive vice president now directly owns 110,706 shares in the company, valued at approximately $16,605,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,642 shares of company stock worth $29,740,621. Corporate insiders own 16.24% of the company’s stock.
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Est�e Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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