Pacer Advisors Inc. raised its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 13,156.3% in the first quarter, Holdings Channel reports. The institutional investor owned 21,210 shares of the company’s stock after acquiring an additional 21,050 shares during the period. Pacer Advisors Inc.’s holdings in Estee Lauder Companies were worth $3,511,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the business. Machina Capital S.A.S. purchased a new stake in shares of Estee Lauder Companies in the fourth quarter worth $30,000. Contravisory Investment Management Inc. boosted its position in shares of Estee Lauder Companies by 215.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 369 shares of the company’s stock worth $48,000 after acquiring an additional 252 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Estee Lauder Companies by 6,015.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after acquiring an additional 6,784,090 shares during the last quarter. Glassman Wealth Services boosted its position in shares of Estee Lauder Companies by 177.5% during the fourth quarter. Glassman Wealth Services now owns 469 shares of the company’s stock worth $61,000 after acquiring an additional 300 shares during the last quarter. Finally, JCIC Asset Management Inc. boosted its position in shares of Estee Lauder Companies by 19.9% during the fourth quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock worth $63,000 after acquiring an additional 81 shares during the last quarter. 53.74% of the stock is owned by institutional investors and hedge funds.
Shares of EL opened at $168.04 on Friday. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $168.32. The firm has a market capitalization of $60.14 billion, a PE ratio of 37.26, a PEG ratio of 2.55 and a beta of 0.72. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Estee Lauder Companies Inc will post 5.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently 38.14%.
EL has been the subject of a number of research reports. Citigroup upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $145.00 to $155.00 in a research report on Wednesday, January 2nd. Telsey Advisory Group upped their target price on shares of Estee Lauder Companies from $170.00 to $179.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Goldman Sachs Group lowered shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $171.00 to $116.00 in a research report on Tuesday, January 8th. Zacks Investment Research lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Finally, Wells Fargo & Co lowered shares of Estee Lauder Companies from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $165.00 to $135.00 in a research report on Thursday, January 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $162.57.
In other Estee Lauder Companies news, EVP Gregory Polcer sold 28,036 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $165.00, for a total transaction of $4,625,940.00. Following the transaction, the executive vice president now owns 107,350 shares of the company’s stock, valued at approximately $17,712,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Demsey sold 11,179 shares of the firm’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $136.02, for a total transaction of $1,520,567.58. Following the transaction, the insider now directly owns 10,288 shares in the company, valued at approximately $1,399,373.76. The disclosure for this sale can be found here. Insiders sold a total of 574,507 shares of company stock worth $89,174,250 in the last ninety days. 16.13% of the stock is currently owned by insiders.
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Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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