Arjuna Capital decreased its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 87.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,377 shares of the company’s stock after selling 9,860 shares during the quarter. Arjuna Capital’s holdings in Estee Lauder Companies were worth $228,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Haverford Trust Co. lifted its holdings in Estee Lauder Companies by 19.7% during the 1st quarter. Haverford Trust Co. now owns 3,192 shares of the company’s stock valued at $528,000 after purchasing an additional 526 shares during the last quarter. Intrust Bank NA lifted its holdings in Estee Lauder Companies by 1.6% during the 1st quarter. Intrust Bank NA now owns 4,621 shares of the company’s stock valued at $765,000 after purchasing an additional 74 shares during the last quarter. Fundsmith LLP lifted its holdings in Estee Lauder Companies by 6.7% during the 4th quarter. Fundsmith LLP now owns 6,275,561 shares of the company’s stock valued at $911,965,000 after purchasing an additional 394,564 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in Estee Lauder Companies by 2.2% during the 4th quarter. Commonwealth Bank of Australia now owns 19,874 shares of the company’s stock valued at $2,580,000 after purchasing an additional 434 shares during the last quarter. Finally, Parsec Financial Management Inc. lifted its holdings in Estee Lauder Companies by 124.5% during the 1st quarter. Parsec Financial Management Inc. now owns 29,038 shares of the company’s stock valued at $4,807,000 after purchasing an additional 16,105 shares during the last quarter. 54.29% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE EL opened at $176.88 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $180.20. The firm has a market capitalization of $64.01 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.62 and a beta of 0.74.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.25. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter last year, the business earned $1.17 earnings per share. Estee Lauder Companies’s revenue was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that Estee Lauder Companies Inc will post 5.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 30th. Estee Lauder Companies’s payout ratio is currently 38.14%.
Several equities research analysts have issued reports on EL shares. Credit Suisse Group raised their price target on Estee Lauder Companies from $175.00 to $185.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. Royal Bank of Canada lifted their target price on Estee Lauder Companies to $173.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. DA Davidson downgraded Estee Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $179.00 to $155.00 in a report on Thursday, May 2nd. Macquarie lifted their target price on Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, Oppenheimer lifted their target price on Estee Lauder Companies from $164.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Estee Lauder Companies currently has an average rating of “Buy” and a consensus price target of $170.82.
In other Estee Lauder Companies news, Director Lynn Forester sold 10,000 shares of Estee Lauder Companies stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $172.48, for a total value of $1,724,800.00. Following the transaction, the director now owns 14,000 shares in the company, valued at $2,414,720. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gregory Polcer sold 28,036 shares of Estee Lauder Companies stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $165.00, for a total value of $4,625,940.00. Following the completion of the transaction, the executive vice president now owns 107,350 shares in the company, valued at approximately $17,712,750. The disclosure for this sale can be found here. Insiders sold 3,064,268 shares of company stock worth $509,731,259 in the last 90 days. 16.13% of the stock is owned by company 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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